For those who rely on Supplemental Security Income (SSI), the January 2025 payment is just around the corner, but there’s a twist. While SSI payments usually arrive on the 1st of each month, the upcoming January payment will be issued a little earlier. Since the 1st of January falls on New Year’s Day, the Social Security Administration (SSA) has scheduled the payment for the last business day of December 2024, which is December 31st. Here’s what you need to know about this adjustment and how it impacts your payment.
When will I receive my SSI payment for January 2025?
If you usually receive your SSI payment on the 1st of the month, you’ll want to mark your calendar for a different date in January. Here’s the key detail you need:
- Your January 2025 SSI payment will be issued on December 31, 2024.
- This early payment is due to January 1st falling on New Year’s Day, a federal holiday when the SSA does not process payments.
This early disbursement ensures that you won’t face any delays in receiving your benefits, allowing you to start the year without worry.
How much will I get for January 2025?
The amount you receive for January’s SSI payment depends on your filing status, and thanks to the annual Cost of Living Adjustment (COLA), your benefits may have increased slightly. Here’s how much you can expect:
- Individual Beneficiaries: $967
- Couples: $1,450
- Essential Persons: $484
These amounts reflect the new payment rates following the COLA increase for 2025. So, if you are an individual receiving SSI, expect to receive $967. Couples will receive $1,450, while those listed as essential persons will be paid $484.
Why is the payment coming early?
It might seem unusual to get your payment early, but it’s actually a common adjustment when a holiday falls on the 1st of the month. Here’s why:
- January 1st is a federal holiday (New Year’s Day): The SSA doesn’t process payments on holidays, so they move the payment date to the last business day of the previous month.
- Ensures no delays: By issuing the payment on December 31st, the SSA makes sure that beneficiaries like you can still receive their funds on time, despite the holiday.
This is not the only time the SSA adjusts payment schedules. You can expect similar shifts when holidays like Labor Day or Christmas fall on the 1st of the month.
What should I do if I do not receive my payment on December 31st?
While most people will receive their SSI payment on December 31st, issues can sometimes arise. If you don’t see your payment by the end of the day, here’s what you should do:
- Check your account: Sometimes payments can take a few hours to process, especially around the holiday season.
- Contact the SSA: If your payment still hasn’t arrived, reach out to the Social Security Administration to inquire about any delays or issues.
It’s always a good idea to keep track of when your payments are scheduled so you can plan your month accordingly.
Will my payment be early every month?
This early payment schedule happens only when the 1st of January falls on a public holiday. In most years, your SSI payment will remain on the 1st. However, during years when January 1st is a holiday, you can expect the payment to be made a little earlier, on the last business day of December.
More on Social Security:
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