Ending the year 2024 on a positive financial note is possible for some SSI beneficiaries, thanks to extra Social Security checks. While these additional payments don’t occur every month, December offers a unique opportunity to receive one of these benefits in advance. Here’s what you need to know about qualifying for and receiving the extra SSI checks.
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When Will the Extra SSI Payment Arrive?
The Social Security Administration (SSA) has scheduled the extra SSI check for December 31, 2024. However, this payment technically counts as an advance for January 2025 rather than a part of the 2024 calendar year.
To receive your funds promptly on the same day they are issued, it’s essential to have Direct Deposit set up. This automatic system ensures immediate payment, while those using other methods may experience a delay of up to three days.
What Is the Maximum Amount for This SSI Payment?
In 2024, the maximum SSI payment was $943, but with the 2025 Cost-of-Living Adjustment (COLA), beneficiaries can expect up to $967. The exact amount varies based on individual financial and personal circumstances.
Here’s how it works:
- The December 31 payment will include the regular 2024 benefit amount plus the adjusted COLA for 2025.
- This amount will set the baseline for future SSI payments throughout 2025.
While not everyone will receive the maximum payment of $967, beneficiaries will notice an increase compared to previous payments, thanks to the COLA adjustment.
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Who Qualifies for the Extra SSI Payment?
To receive this payment, beneficiaries must meet two main requirements:
- Eligibility for SSI Payments: Ensure that you are an approved recipient of Supplemental Security Income.
- Direct Deposit Enrollment: Activate Direct Deposit to receive the payment immediately on December 31, 2024.
Prepare for Your 2025 SSI Payments
After the December 31st payment, beneficiaries can expect consistent SSI payments at the adjusted amount throughout 2025. While this extra check may be considered an advance, it provides a welcomed financial boost to start the new year on a stronger footing.
Take action today by ensuring your Direct Deposit setup is complete and confirming your eligibility. Don’t miss out on this opportunity to maximize your SSI benefits!
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