According to Vibes.okdiario , Millions of Americans rely on Supplemental Security Income (SSI), with approximately 7.5 million recipients receiving benefits each month. SSI payments are generally issued on the first day of each month, unless the payment schedule needs to be adjusted for holidays or weekends.
Why Is the December SSI Payment Arriving Early in November?
This year, the SSI payment for December will arrive earlier than usual. Since December 1 falls on a Sunday in 2024, the Social Security Administration (SSA) will issue the payment on the preceding business day—Friday, November 29. This means that recipients will receive their December payment 48 hours ahead of schedule.
While it may seem like a bonus to get the payment early, SSI recipients will need to hold onto the funds until December, as this payment is for December’s expenses. It can be helpful, though, especially if you’re facing financial pressures or need to cover bills in the interim.
How Much Will SSI Recipients Receive on November 29?
On November 29, 2024, eligible SSI recipients will receive their regular payment, with some qualifying for the maximum amount for the month. For a married couple, the maximum SSI benefit is $1,415—provided they have no reductions in their payments (such as from other income sources). For individuals, the maximum benefit is $943. However, the average SSI payment as of October 2024 is around $697.
It’s important to note that November 29 marks the last SSI payment of 2024. Even though there is a scheduled payment for December 31, it will be for January 2025.
Who Is Eligible for the Maximum SSI Payments?
To qualify for the maximum SSI payments, individuals must meet certain criteria:
- Income: You must have little to no income from wages, Social Security, or other sources like pensions or unemployment. Generally, SSI is for individuals earning less than $1,971 per month. Couples and parents applying for children have higher income thresholds.
- Resources: Your resources (things you own) must not exceed $2,000 for individuals or $3,000 for couples. Certain assets, such as your primary home and car, are not counted towards this limit, but other resources like savings, stocks, and personal property are considered.
- Disability or Age: You must be age 65 or older, blind, or have a disability that significantly impacts your ability to work. If you are under 65, you must have a disability expected to last for at least a year, result in death, or severely limit daily activities. For children, disabilities must significantly restrict their ability to function.
- Citizenship: You must be a U.S. citizen or a qualified noncitizen with eligibility granted by the Department of Homeland Security. Noncitizens must meet additional requirements to qualify.
- Residency: You must live in one of the 50 states, Washington D.C., or the Northern Mariana Islands. Exceptions may apply to children of military personnel stationed overseas or students studying abroad.
Also Read – Will there be Social Security payments on Thanksgiving – Payments starting on the 21st
Conclusion
For many SSI recipients, the December payment will arrive early on November 29, 2024, due to the weekend. While the payment may feel like an early holiday gift, recipients must plan to hold onto it until December. Understanding the eligibility criteria and benefit amounts can help recipients make the most of their monthly SSI payments.
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