SSDI Payments of $1,539 Set for Release: Key Payday Dates Before 2025 COLA Announcement

The announcement for the 2025 Cost of Living Adjustment (COLA) figure will be revealed on October 10, 2024, just one day before the SSDI payment for eligible disability recipients in the United States. It’s important to note that not all SSDI recipients will receive their payments on the same date, with some having received theirs on October 3, while others will need to wait for one or even two weeks longer.

SSDI Payment Schedule for October 2024

Disability recipients with birthdays falling between the 1st and the 10th will receive their payments on October 9, 2024. Others may receive their monthly payment on October 16, depending on their birth dates. The last direct deposit for SSDI recipients is scheduled for October 23, 2024.

• SSDI Payment Dates:
  • October 9: Recipients born from the 1st to the 10th
  • October 16: Recipients born from the 11th to the 20th
  • October 23: Recipients born from the 21st to the 31st

Also Read – 2025 Social Security COLA: Expected Benefit Increases Explained

Maximum and Average SSDI Payments

In October 2024, the maximum SSDI payment for disability recipients will be $3,822. However, only a small percentage of SSDI recipients qualify for this maximum amount. Many individuals with disabilities may not have worked long enough to meet the required number of years, impacting their payment amounts.

As of August 2024, the average SSDI payment stands at $1,539, which reflects that most disability recipients receive significantly lower payments than the maximum.

Also Read – Retirees who will not get Social Security until October 23

To qualify for SSDI benefits, individuals must have a disability expected to last for at least one year that meets the Social Security Administration’s (SSA) strict definition of disability. It’s also crucial to have paid sufficient payroll taxes over the years. Checking your Social Security Statement can give you an idea of what your potential monthly payment might be.

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Alton Walker

Alton Walker is an experienced author at goaifa.com, specializing in USA News, Crime News, and Finance News. Known for his in-depth analysis and timely reporting, Alton covers pressing national issues and financial developments with clarity and insight. His articles offer readers a reliable source of information on current events and valuable perspectives on the financial world.

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