On the first business day of every month, Social Security beneficiaries receive a single check from The Social Security Administration (SSA). This coming November will be a little different. Next month, beneficiaries can expect three separate payments from the SSA; However, there will be no Supplemental Security Income payment for December. Read to learn more about how this change will affect you!
Two Social Security checks in November, none in December
Due to a scheduling snafu, Social Security beneficiaries will receive two Supplemental Security Income (SSI) payments in addition to their monthly Social Security check on November 1. The SSA will not issue SSI payments in December.
SSI is a program administered by the SSA. The program offers benefits to people with limited income and resources who are blind, age 65 or older, or have a qualifying disability.
SSI payments are usually released on the first business day of every month. This year, Dec. 1 falls on a Sunday so beneficiaries can expect their December SSI payment on Friday, Nov. 29.
While an additional monthly payment sounds initially appealing, this scheduling discrepancy may impact SSI beneficiaries’ budgets and the SSI distribution calendar for 2025 shows similarly odd scheduling trends.
November’s scheduled payment irregularity was previously seen this year when SS beneficiaries received two SSI checks in August but none in September.
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No Social Security checks in September
Similar to the issue with the December SSI distribution, Sept. 1 fell on a Sunday so the next month’s SSI payments were sent out on Friday, August 30.
This change to the typical payment schedule impacted when the estimated 7.5 million people who receive SSI benefits accepted compensation from the SSA.
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Social Security raise for 2025
On Thursday, October 10, the SSA announced several changes to Social Security in 2025.
The first of these changes is a 2.5% cost-of-living adjustment (COLA). This Social Security raise for 2025 will result in an estimated additional $50 per month increase in January of next year.
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Despite the generally good news of a forthcoming pay bump, the Social Security raise for 2025 is noticeably smaller than the average 2.6% COLA increase provided by the SSA over the last ten years.
The second change announced by the SSA for 2025 is the increased Social Security tax on high-income workers.
Next year, the “taxable maximum,”- the maximum amount of earnings subject to the Social Security tax- will increase by $7,500 from 2024.
Also Read– Americans To Get Additional Social Security Payment in November
The slated increase from a taxable maximum of $176,100 to $168,600 is a result of inflation and wage growth.
