Social Security Stimulus Check 2024

Social Security recipients received a 3.2% cost-of-living adjustment in 2024, effective with December 2023 benefits. This translates to an average monthly increase of $49, boosting the average retiree’s benefit to $1,907.

Social Security Stimulus Check 2024

The Social Security Cost-of-Living adjustment for 2024 will be 3.2 percent, which will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024.

The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $166,500. The earnings limit for people reaching their “full” retirement age in 2024 will increase to $59,520.

The new unrounded amounts for SSI payment standards for 2024 are then each divided by 12 and the resulting amounts are rounded down to the nearest whole dollar.

Eligibility criteria for the Social Security Stimulus check in 2024

Eligibility for Social Security checks in 2024 depends on the type of benefit you’re applying for:

Retirement benefits:

  • Age: The full retirement age (FRA) varies depending on your birth year. Most people who reached FRA in 2023 can begin receiving benefits without penalty.
  • Work credits: You need enough work credits, earned through paying Social Security taxes, to qualify. The number of credits needed depends on your age when you become disabled.
  • Citizenship or legal residency: You must be a U.S. citizen or permanent resident to qualify for most benefits.

Disability benefits:

  • Disability: You must have a severe, medically documented disability that is expected to last at least one year or result in death.
  • Work credits: Similar to retirement benefits, you need enough work credits to qualify. The amount necessary varies according to your age when you become incapacitated.
  • Income limits: Depending on the program (SSDI or SSI), there may be income limits for eligibility.

Survivors benefits:

Social Security Stimulus Check 2024

  • Deceased worker’s eligibility: The deceased worker must have earned enough work credits.
  • Relationship to the deceased: Eligibility typically requires being a spouse, child, or parent of the deceased worker.Specific requirements vary based on your relationship and marital status.

Supplemental Security Income (SSI):

  • Age, blindness, or disability: You must be 65 or older, blind, or disabled.
  • Limited income and resources: Your income and resources must be below certain limits to qualify.

Social Security Payment Schedule in 2024

The Social Security Administration (SSA) distributes payments every month, following a specific schedule based on your birth date.

Payment Days:

Birth Date Range Payment Day
1st – 10th 2nd Wednesday
11th – 20th 3rd Wednesday
21st – 31st 4th Wednesday

Important Exceptions:

  • People receiving both Social Security and Supplemental Security Income (SSI): These individuals receive Social Security on the 3rd of the month and SSI on the 1st of the month.
  • People who began receiving Social Security before May 1997: These individuals also receive their payments on the 3rd of the month.

Sample Payment Dates for 2024 (excluding holidays and adjustments)

Month 2nd Wednesday 3rd Wednesday 4th Wednesday
January 10th 17th 24th
February 14th 21 st 28th
March 13th 20th 27th
April 10th 17th 24th
May 8th 15th 22nd
June 12th 19th 26th
July 10th 17th 24th
August 14th 21 st 28th
September 11th 18th 25th
October 9th 16th 23rd
November 13th 20th 27th
December 11th 18th 25th (Christmas Day falls on Wednesday)

Checking Your Social Security Payment Status Online

Knowing the status of your Social Security payment is essential for planning and peace of mind. The SSA offers various online options to conveniently check your payments.

Using My Social Security Account

  • Create an account or log in, If you haven’t already, create a free My Social Security account at https://www.ssa.gov/myaccount/.
  • Once logged in, navigate to the “Benefits” section on the My Social Security homepage.
  • Under “Your Benefit Summary,” locate and click on “Payment History.”
  • View your payment details, such as:
    • Payment date
    • Amount
    • Payment type (direct deposit or paper check)
    • Benefit type (retirement, disability, etc.)
  • Additional options: You can filter payments by year, download your history as a spreadsheet, or request a duplicate paper check if needed.

Social Security Stimulus Check  Amount

The amount of your Social Security check payment depends on several factors, including:

Type of benefit:

  • Retirement benefits: Based on your average indexed earnings over your working years and your full retirement age (FRA).
  • Disability benefits: Based on your average indexed earnings when you became disabled and the type of disability you have.
  • Survivors benefits: Based on the deceased worker’s earnings record and the survivor’s relationship to the deceased.
  • Supplemental Security Income (SSI): Based on your income and resources, not your work history.

Visit  Homepage To Get Relevant Content.

Leave a Comment