If you rely on Supplemental Security Income (SSI), here is some good news: your January payment will arrive tomorrow, December 31st, due to the New Year’s holiday. The change in schedule happens occasionally if the first of a month falls on a weekend or public holiday. Here are some details to help you plan ahead for your payment.
When will SSI payments be deposited?
Many of you might be wondering, “When can I expect my SSI payment?” Since January 1 falls on New Year’s Day, a federal holiday, the Social Security Administration (SSA) will issue your January SSI payment on December 31, 2024.
Here is what you need to know:
- Payments are typically deposited on the first of each month.
- If the first falls on a weekend or holiday, payments are issued on the last working day of the previous month.
- For January 2025, that date is December 31, 2024.
You should check your bank account or Direct Express card to ensure your funds are available as expected.
How much will I receive as my SSI payment?
The amount you receive in your SSI payment depends on your eligibility and living arrangements. For January 2025, these amounts reflect the recent Cost-of-Living Adjustment (COLA):
- Individuals: $967
- Couples: $1,450 (if both spouses qualify)
- Essential Persons: $484
An essential person is someone who lives with you and provides care that makes it possible for you to remain at home.
Who qualifies for SSI payments?
You might be asking yourself, “Am I eligible to receive SSI?” To qualify, you need to meet certain criteria:
- Income Limits: SSI is designed for individuals and couples with limited income and resources.
- Age or Disability Requirements: You must be 65 or older, blind, or disabled.
- Resource Limits: You cannot own more than $2,000 in resources as an individual or $3,000 as a couple.
- U.S. Residency: You must be a U.S. citizen or meet specific non-citizen residency requirements.
If you meet these requirements, you are likely eligible to receive SSI.
How to check the Status of your SSI payment
Here is how to check the status of your SSI payment:
- Log in to your My Social Security Account: You can always check your payment status by logging into the SSA online portal.
- Check your bank statement: If you receive your payment via bank transfer, you can always check with your bank.
- Call the SSA: You can contact the Social Security Administration at 1-800-772-1213 for any form of assistance.
What to do if you do not receive your payment
Do not worry if you do not get your payment by December 31. Here are some things you can do:
- Wait for a Day: Sometimes, your payment might take an extra day to process.
- Check your account information: Ensure that your banking details are up to date.
- Contact the SSA: If your payment is missing, call the Social Security Administration as soon as possible for help.
Planning for your SSI payment
Your SSI payment can be a lifeline, helping you cover essential expenses like rent, utilities, and groceries. To make the most of your payment:
- Create a monthly budget to track your spending.
- Set up automatic payments for recurring bills to avoid missed deadlines.
- Save a portion of your SSI payment, if possible, for emergencies.
Continue reading:
What is the Social Security Fairness Act and how could it affect you?
