Social Security update: Second of December double payments worth $914 to be sent out in 20 days

Money
A Pakistani money trader shows U.S. 100 dollar notes at a currency exchange office, in Lahore, Pakistan, Thursday, Jan. 28, 2023. K.M. Chaudary/AP

Social Security update: Second of December double payments worth $914 to be sent out in 20 days

Video Embed

Millions of Supplemental Security Income recipients will receive a second monthly payment in December, worth up to $914 for individual filers, in just under three weeks.

The second payment will go out in 20 days, on Friday, Dec. 29, and comes four weeks after the first payment went out on Dec. 1. There are two payments sent to beneficiaries during December due to a scheduling quirk that happens multiple times a year. Recipients always get two checks in December because Jan. 1 is a holiday. Several other months in 2023 saw rare double payments because the 1st of the next month fell on a weekend or holiday. There will be no payments in January.

EMBATTLED UPENN PRESIDENT LIZ MAGILL FACES GROWING CALLS FOR RESIGNATION

The payment amounts for beneficiaries depend on how they file. If they file as individuals, the payment rate is $914 per month. The rate for eligible couples for monthly payments is $1,371. Essential persons, who live with someone receiving SSI and provide them with necessary care, get a monthly payment of $458.

To qualify for the payments, recipients must be at least 65 and meet certain financial requirements. Some people under the age of 65, including children, could qualify for the payments if they are at least partially blind or have a physical or mental disability that severely limits their daily activities for at least a year or is expected to result in death, according to the administration.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Not every recipient will receive the maximum payment, and filers can see a personalized estimate through the Social Security Administration’s calculator. The monthly benefit is expected to rise by 3.2% next year, according to the administration.

SSI payments were first issued by the SSA in January 1974, with payment rates increasing for cost of living adjustments since 1975, per the agency.

© 2023 Washington Examiner

Related articles

Share article

Latest articles