By Ehsteem Arif
Published on:
The federal government of the United States, in collaboration with the Social Security Administration (SSA), is poised to release monthly payments ranging from $1,476 to $1,801 for Social Security and SSDI (Social Security Disability Insurance) beneficiaries in June 2024.
These payments aim to support eligible individuals across the nation. Let’s cut into the details of the eligibility criteria, payment schedules, and necessary documentation.
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To qualify for the $1,476 – $1,801 monthly Social Security and SSDI payments, applicants must meet specific eligibility criteria outlined by the SSA:
The payment dates for Social Security and SSDI beneficiaries in June 2024 are based on the recipients’ birth dates:
| Birth Date Range | Payment Date |
|---|---|
| SSI/VA | 31 May 2024 |
| 1-10 | 2nd Wednesday (12 June 2024) |
| 11-20 | 3rd Wednesday (18 June 2024) |
| 21-31 | 4th Wednesday (26 June 2024) |
The SSA has yet to release an official update regarding the disbursement of the additional Social Security payments. It’s crucial for citizens to wait for the final announcement before proceeding with claims. Once declared, payments will be transferred directly to beneficiaries’ bank accounts according to the SSA’s official schedule available on their website.
In 2023, the cost of living adjustments (COLA) increased by 3.2%, leading to a similar rise in Social Security benefits. This adjustment aids individuals who have been financially struggling since December 2023.
The maximum annual earnings limit for individuals at full retirement age will reach approximately $22,320. However, the SSA has not yet confirmed the payment details for June 2024. Once the schedule is released, it will be available on the SSA’s official portal.
Applicants need to submit specific documents when applying for Social Security benefits:
Make sure to have these documents ready to streamline the application process and ensure timely receipt of benefits.
The upcoming Social Security and SSDI payments represent a significant financial support for eligible citizens. Keeping an eye on the SSA’s official updates and ensuring all eligibility criteria and documentation requirements are met will help beneficiaries access these vital funds efficiently.
Those 65+, blind, or permanently disabled.
Dates depend on birth date; starting 12 June 2024.
Between $1,476 and $1,801 monthly.
Social Security card, birth certificate, proof of residency, military record, and tax return.
Not yet; awaiting official announcement.
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A tax law expert with a knack for breaking down complex regulations into digestible insights. Ehsteem's articles on the tax news blog offer invaluable guidance to readers navigating changes in tax legislation.
