With the end of 2023, Social Security recipients in the United States are anticipating their Social Security Payment 2024. You should check this page to know Social Security Payment Schedule for SSA, SSDI, SSI, VA in January 2024. For the most part, the SSA is operating as usual. As a result, retirees receive four separate payments each month in addition to a check for Supplemental Security Income.
That is the general guideline since occasionally there might be an issue, you can check Social Security Payment Schedule 2024 here. Every month on the third, as well as the second, third, and fourth Wednesdays, Social Security benefits are normally disbursed.
Social Security Payment Schedule 2024 for SSA, SSDI, SSI, VA
In 2024, Social Security beneficiaries can anticipate a cost-of-living adjustment (COLA) of 3.2%, a considerable decrease from the 8.7% increase in 2023. For the most part, SSA January Payment 2024 Amount will reflect this adjustment. Due to New Year’s Day falling on January 1, 2024, those who also qualify for Supplemental Security Income (SSI) benefits have received their January SSI payments on December 29, 2023. With a few exceptions, the payment plan for 2024 is as usual.
On January 3, checks will be sent to Social Security beneficiaries who began receiving benefits prior to May 1997. Then, on January 10, those whose birthdays fall between the first and the tenth will be paid; on January 17, those whose birthdays fall between the 11th and the 20th will be paid; and on January 24, those whose birthdays fall between the 21 and the 31st will be paid.
SSA, SSDI, SSI, VA Payment 2024 Details
Benefit Name | SSA, SSDI, SSI, VA |
Name of Department | Social Security Administration |
Country | USA |
Category | Government Aid |
Payment Schedule | check this page |
Official Website | ssa.gov |
When will I receive my payment for January 2024?
January 3: You are eligible to get a Social Security benefit if:
- You dont live in USA
- You get benefits from Social Security as well as SSI.
- Your Medicare premiums are paid by your state.
- Prior to 1997, you made a Social Security benefit application.
January 10: The second Wednesday of January is when you will receive your Social Security payment if your birthday occurs on any day between the first and the tenth of the month of your birth.
January 17: The third Wednesday of January is when you will receive your Social Security payment if your birthday occurs on any day between the eleventh and the 12th of the month of your birth.
January 24: The fourth Wednesday of January is when you will receive your Social Security payment 2024 if your birthday comes after the 20th of the month in which you were born.
Social Security payments are increasing in the new year
For those who are receiving Social Security, there is a good likelihood that their monthly benefits will increase this year. The Social Security Administration (SSA) releases an annual Cost of Living Adjustment (COLA) announcement and the COLA is expected to be 3.2% this year. The SSA average monthly payout 2024 will rise by more than $50 per month as a result of the 2024 COLA, according to the Social Security Administration.
The Social Security Administration states that starting in 2023, a person will be required to pay Social Security taxes on every dollar they earn up to $160,200. With an increase of $8,400, the new cap for 2024 is set at $168,600. In light of this, higher incomes will be required to contribute more money to Social Security this year. According to the Social Security Administration, your January Social Security payment 2024 will reflect this adjustment.
What if my SSA January 2024 payment doesn’t arrive by the expected date?
Except in very exceptional circumstances, Social Security benefits (as well as all other federal benefits) must be paid electronically via direct deposit into your bank account or onto a Direct Express Debit Mastercard, according to federal law.
Delays and other problems can still occur even though electronic payments should almost completely remove the possibility of lost or stolen money and because of this, it is must to understand what to do in the event that your Social Security payment is delayed.
- Speak with your bank or other financial institution first if your electronic SSA January 2024 Payment is delayed. The problem can just be a bank processing hold on funds to your account.
- Call the Social Security Administration at 800-772-1213 (TTY 800-325-0778) or get in touch with your local Social Security office if there has not been a posting delay and your money is actually missing, misplaced, or stolen. Once the Social Security Administration has examined your case, the missed payment will be replaced.
- If you are one of the few people in the United States who still receives paper checks, wait to take action until three business days after the check is typically mailed. Get in touch with the Social Security Administration if your check has not come by then so they can examine your case and, if required, issue a replacement payment.
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Emily Tedesco is a finance expert with five years of experience, specializing in Social Security and stimulus checks. She graduated from the University of South Carolina and has since made significant contributions in simplifying complex financial topics for the public. Emily is known for her practical advice on maximizing benefits and understanding federal stimulus programs, helping people make informed financial decisions.
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