Every month, the Social Security Administration (SSA) is responsible for sending out millions of payments to its beneficiaries. The SSA is responsible for distributing payments to nearly 70 million beneficiaries, including those who receive retirement benefits, Supplementary Security Income (SSI) benefits, and disability benefits. The amount you receive each month depends on a variety of factors, with some of these beneficiaries set to receive nearly $1,000 before the end of today.
The SSA follows a strict timetable
Each month, the SSA adheres to a rigorous timetable for releasing the payments for its beneficiaries. Benefits are paid out according to what type of benefit you receive, when your birthdate is, if you receive benefits from multiple sources, and even when you claimed your benefits. Generally, benefits are paid out in a staggered system each Wednesday of the month according to the following pattern:
- The second Wednesday of the month: Birth dates between the first and 10th of the month.
- The third Wednesday of the month: Birth dates between the 11th and the 20th of the month.
- The fourth Wednesday of the month: Birth dates between the 21st and the 31st of the month
However, this schedule is not relevant to you if you receive SSI payments. If you receive only SSI payments, you are always paid on the first of the month, whereas if you receive both SSI and retirement benefits, you are paid on the third of the month. You are also paid on the third of the month, regardless of when your birthdate is, if you claimed your benefits from the SSA before May 1997.
Who will receive $967 payments today?
With the new month starting today, the SSA will be gearing up to send a new batch of payments to recipients. Today, July 1, will see the first round of payments being distributed to recipients of SSI according to the Social Security Payment schedule. For those unfamiliar with SSI, these payments are reserved for those who have little to no income resources, and, unlike retirement benefits, these payments can be taken away once your income circumstances change.
The maximum payment beneficiaries can expect from SSI is $967 per month. If you are a married couple filing jointly, the SSI maximum payment your household can receive is $1,450. The average SSI recipient for this year receives $943. Today sees the usual Social Security payment schedule taking place, as last month SSI beneficiaries were paid on May 30 due to June 1 falling on a weekend this year. The SSA always advances payment dates if the usual date falls on a weekend or holiday.
More payments to hit eligible citizens’ accounts
If you are not an SSI or Social Security recipient but you are a citizen of the state of Virginia, you can also expect to receive a payment heading your way as early as this month, provided you have already filed your state income tax returns. This month, Virginia’s state government will be distributing tax rebates to all citizens as a result of a tax surplus. The tax rebate can be as high as $400, provided you are a married couple filing jointly.
“My friends, there is no reason to raise taxes on Virginians. We are running surplus after surplus after surplus,” said Virginia Gov. Glenn Youngkin
Similarly, the state of Georgia is also sending out tax rebates to citizens. Eligible Georgia citizens received a $500 tax rebate from the state government, with payments continuing to be distributed into July. To receive the refund, you must have filed your state income tax for years 2023 and 2024 by the May 1 deadline and have had a tax liability for 2023. In addition, you must have received an income from within Georgia as either a resident, part-year resident, or nonresident who still receives an income from Georgia sources.
Disclaimer: This content is informational only and does not supersede or replace the SSA’s or IRS’s own publications and notices. Always verify any specific dates and amounts by following the direct links in our article to SSA.gov or IRS.gov, or by consulting your local SSA field office or tax professional.
