If you depend on Supplemental Security Income (SSI) to meet your needs, it becomes all the more important to remain updated on the payment schedule. The good news for you is that in just 10 days, you will have your January SSI direct payment, which can provide you financial assistance. However, January 1 falls on New Year’s Day—which is a federal holiday—so your payments will instead be sent out early. Here is a breakdown of everything you need to know.
When will the January SSI payment be issued?
Normally SSI payments will be made on January 1, but in January 2025, there will be no payments as it is New Year’s Day, a federal holiday. These will instead be given earlier on December 31, 2024.
This usually happens when the first day of the month falls on a weekend or when it’s a holiday.
How much will you receive for your SSI payment?
The amount of money you can receive depends on your filing status and the new 2025 COLA. Here is how much you can expect:
- Individuals: $967
- Couples: $1,450
- Essential persons (someone who lives with and provides essential care for an SSI recipient): $484
If your payment differs from these figures, it could be due to state supplements or adjustments for additional income.
Why does the January payment come early?
The Social Security Administration (SSA) has a strict rule: SSI payments are issued on the first of each month, unless that day is a weekend or federal holiday. When that happens, payments are moved to the previous business day.
For January 2025, the SSA moved the payment date to Friday, December 29, because January 1 is a holiday. This ensures there is no delay in getting your funds.
What should you do if your payment is delayed?
Although most SSI payments get deposited without any hassles, delays sometimes occur. If you do not see any funds come through by December 31:
- Confirm your bank account or Direct Express card details: Sometimes there may be a delay in processing.
- Check with your bank: They might be able to give you information as to why the deposit is pending.
- Contact the SSA: Call the Social Security Administration at 1-800-772-1213 if your scheduled payment has not arrived after the date on which it was to be received.
How can you prepare for early payments?
Early payments are great, but they also mean you will need to plan ahead for the longer gap before your next deposit. To help manage your budget:
- Set aside a portion of your December payment to cover expenses that come up before your February payment.
- Track your expenses carefully to avoid running out of funds.
- Use reminders: Mark your calendar for December 31, so you know when your money will arrive.
Continue Reading:
Important news for social security recipients: no payments on the fourth Wednesday in December
