SSI July 2024 Payment Date

The federal government provides financial support to older and disabled people with limited income and resources through Supplemental Security Income (SSI). The SSI recipients can expect the next July month payment soon.

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SSI July 2024 Payment Date

The Social Security benefits support retirees, disabled, survivors, and veterans families with various benefits. One such benefit of Social Security is Supplemental Security Income (SSI) paid to eligible US people with limited income and resources.

The Social Security Administration (SSA) manages and administers the Social Security benefits. The SSI recipients receive a monthly payout under the SSI benefits. According to the SSI payment distribution, the recipients would receive the payment on the first day of every month.

The SSI payout date can be moved to a day earlier if the payout date falls on a holiday or weekend like the June payment was made earlier into the accounts of recipients because of the weekend.

Therefore, the recipients can expect the next payment of July month on the first day of July, which will fall on Monday, 1 July 2024.

SSI July 2024 Payment Amount

In April 2024, the federal government announced the Social Security and SSI increase by 3.2% for the year for more than 71 million Americans.

Every year the SSA assesses the cost-of-living-adjustments (COLA) to make sure the social security benefits rates match with the rising cost of living and that the payment can help the recipients in the right way.

Thanks to a 3.2% increase, SSI recipients will receive the following maximum monthly SSI payments for 2024:

$943 for individuals
$1415 for individuals with a spouse
$472 for people who fall under essential person criteria.

So, the recipient can expect the above SSI payouts in the upcoming month of July concerning their filing status.

Factors that can affect your SSI 2024 payments

Your SSI payments depend on many other factors – your income, your living situation, your family member’s income, and many more.

Let’s see how it affects your SSI payments:

Your income:

The authority reduces your SSI payment by $1 for every $2 you earn from a job, self-employment, or any activity that makes you money.
Your SSI payment is reduced by $1 for every $1 you earn through non-work resources like disability benefits, pensions, and unemployment benefits.
People who live with their spouses and they are earning, then their income may affect your SSI payments.

Your living situation: When you live at someone else’s home without paying for your food and shelter your SSI payout may be reduced by up to $334.33.

Who will receive the SSI Payments?

The US people can check their eligibility to receive the maximum $943 SSI payments from the below eligibility requirements:

Age:

The elderly people of age 65 or older with limited income and resources.
The children under 18 and adults over 18 years of age fulfill the age criteria of SSI.

Income:

People who don’t earn more than $1971 in a month from work can apply for SSI.
The resources (vehicles and money in the bank) should not exceed $2000 for a single person and $3000 for couples, respectively.

Disability or Medical conditions:

People with disability and blindness restrict their capability to work and limit their income-earning capability.
Children with disabilities can also receive SSI benefits with certain eligibility criteria.

Citizenships:

The person should be a legitimate US citizen or national or a lawfully permitted alien with additional requirements.
The persons must reside in one of the 50 US states, the Northern Mariana Island, and the Columbia District, except for children of military parents assigned outside the US.

Eligibility for Essential person:

The person who lived with qualified SSI recipients since 1973, was not eligible for state assistance in December 1973.
They are SSI caretakers and are never eligible for SSI benefits in their own right.

How to report missing or late SSI payments?

SSI recipients who were eligible but did not receive their SSI payments on the designated date can report the mission payment through the following ways:

People who receive electronic SSI payments should first contact their financial institution or bank because sometimes it takes time to show your received payments.
If there is no problem from your bank ends, you can report the late, missing, or stolen Social Security payments at the following helpline number:

Toll-free number: 1 800 772 12 13
TTY 1800 325 0778
Or visit your local Social Security office.

The authority will consider your complaint and review the case and if your payment gets delayed, they will notify you about the payment and will replace it with new payments.

How to receive accurate SSI payments?

The SSI recipients must report their monthly wages and any changes in their income and living situation to receive accurate SSI payments. Here are a few guidelines for reporting changes for SSI payments:

You must report monthly wages for each month and any other changes as soon as they happen like changes in your resources, marriage status, etc.
You must report the changes that could affect your SSI payout within ten days at the end of the month when the changes occurred.

The recipients must keep these things in mind as it can affect their SSI payment and any misleading information that they failed to report to the authority can withhold their SSI or any social security benefits for six months or they can be charged with fines and imprisonment.

So, even when you are late to report the changes that happened in your life, you must report them immediately to avoid severe consequences.

You can report the changes in SSI conditions or factors by calling the toll-free number mentioned above with your Social Security Number, or mail the changes, or visit the nearby SSA office.

Eligible US people can take advantage of the SSI benefits by applying online or by calling the SSA toll-free number easily. The Social Security and SSI benefits come with many advantages for needy people, so make sure you timely update your circumstances to the authority to continue your payments.

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SSI July 2024 Payment Date – Supplemental Security Income Amount