Generally, the maximum Federal SSI benefit amount changes yearly. SSI benefits increased in 2024 because there was an increase in the Consumer Price Index from the third quarter of 2022 to the third quarter of 2023. Effective January 1, 2024 the Federal benefit rate is $943 for an individual and $1,415 for a couple.
Cost-of-Living Adjustment (COLA) Information for 2025
Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5 percent in 2025. Read more about the Social Security Cost-of-Living adjustment for 2025.
The monthly maximum Federal amounts for 2025 are $967 for an eligible individual, $1,450 for an eligible individual with an eligible spouse, and $484 for an essential person.
The maximum monthly SSI payment for 2025 is $967 for an individual and $1,450 for a couple.
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
The second SSI payment is not an extra payment. It's the next month's payment hitting your account a few days early. It's likely you'll also receive an SSI payment early when the first of the month is a federal holiday. The payment will be made on the last business day of the previous month.
Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024.
If your spouse dies, do you get both Social Security benefits? You cannot claim your deceased spouse's benefits in addition to your own retirement benefits. Social Security only will pay one—survivor or retirement. If you qualify for both survivor and retirement benefits, you will receive whichever amount is higher.
You can use the money you get from Social Security to pay for whatever you need—including paying for your utilities and rent. SSI doesn't have limits on how much you can spend for rent. Find out if you qualify for SSDI benefits. Pre-qualify in 60 seconds for up to $4,018 per month and 12 months back pay.
In 2024, the federal payment standard will be $943 for single individuals and $1,415 for couples. The cost-of-living adjustment will also affect younger individuals receiving SSI benefits due to disabilities or blindness.
Beware of potential scams. Since November 2023, false rumors have spread online about a fourth stimulus check for seniors. There currently is no new stimulus check on the way: the IRS is only issuing payments to people who did not receive the full amount they were eligible for with previous stimulus checks.
The basic monthly SSI payment for 2025 is the same nationwide. It is: — $967 for one person. — $1,450 for a couple.
Social Security payment schedule November 2024
It's not “extra" money but rather an advance of the following month's payment. Simply put, people who get SSI will be paid on November 1 and November 29. Some beneficiaries who get both SSI and Social Security will get three checks in November.
Recent California legislation authorized a one-time supplemental SSP payment in the amount of $600 to SSI/SSP recipients to provide relief from hardship due to the COVID-19 pandemic. Payments in the amount of $600 were automatically mailed out in 2021.
The IRS will use information already on file to send out checks, even if an individual has yet to file a return. They have also already indicated that SSI and SSDI benefits automatically qualify to receive a payment, with no additional action required.
Exactly how much in earnings do you need to get a $3,000 benefit? Well, you just need to have averaged about 70% of the taxable maximum. In our example case, that means that your earnings in 1983 were about $22,000 and increased every year to where they ended at about $100,000 at age 62.
It does not scrutinize or restrict specific items or transactions. Therefore, beneficiaries can use their SSI funds for various purchases according to their personal needs and preferences.
How do you get $144 added back to your Social Security check every month? If you enroll in a Medicare Advantage plan with a Part B giveback benefit, the plan reduces the amount deducted from your Social Security check for Medicare Part B, which could add up to $144 back to your check each month.
Here's when the larger payments will start arriving. Social Security benefits have gone up 2.5% in 2025, thanks to the annual cost-of-living adjustment (COLA). It's a smaller increase than the 3.2% bump that recipients saw in 2024, reflecting cooling inflation.
If you get SSI, you can usually get federal benefits like the Supplemental Nutrition Assistance Program (SNAP) and state benefits like Medicaid. SNAP helps pay for food, and Medicaid helps pay doctor and hospital bills. Help from these programs won't affect your SSI payment.