Social Security Payment December 29 – Who is going to get SSI?

Inflation and tax-related adjustments may cause changes for Social Security recipients in 2024, the first payment will arrive in December, affecting everything from monthly benefits to the amount of taxes owed.

Social Security Payment December 29

The SSA is getting ready to issue the first higher payments of 2024, on Friday, December 29. Benefits from Social Security are paid to eligible retired adults, disabled individuals, and their spouses, kids, and surviving family members. 

The OASDI program in the US, Social Security is a complete federal benefits program created to give retired adults and their spouses, people with disabilities, and those whose spouse or eligible ex-spouse has passed away a partial replacement income.

 It also assists the beneficiaries’ children under certain conditions. On December 29,  Social Security checks that will be distributed in January 2024 will be issued

• Alberta Works Payment Dates
• American Rescue Plan Stimulus Checks
• Child Benefit Christmas Payment Dates
• Texas TRS Payment Schedule.
• Earned Income Tax Credit 2023
• IRS $600 Reporting
• IRS Free Tax Filing 2024

How much will you get on December 29, 2023?

The payment schedule will be based on the 3.2% COLA increase. People may view it as a holiday stimulus because there will be a New Year holiday in the upcoming week. Due to the holidays, the final week of December has been chosen as the date. 

The December 2023 retirement payment pattern is the same as it is every other month. Depending on your birth date, retirement payments are paid on the second, third, and fourth Wednesday of each month.

Eligibility for Social Security Benefits

Although the average Social Security payout in January 2024 will increase by approximately $1,907 as a result of COLA, receiving any Social Security benefits rather than just the $1,907 maximum depends on many factors:

Employment Background & Qualifications

• You have to have paid enough Social Security taxes and accrued enough Social Security credits from employment that qualify.
• To be eligible for retirement benefits, you usually need to have completed at least 40 credits, which is equal to ten years of labor.
• Benefits for dependents, survivors, and disabled people are subject to certain thresholds.

Age & Status 

• Full retirement benefits (66–67 depending on birth year), early retirement benefits (62–66), and survivor benefits and ages vary depending on certain situations and are all subject to different claiming ages.
• Your monthly benefit amount will be permanently reduced if you claim before reaching full retirement age.

Present Status of Recipients

• In January 2024, if you are currently receiving Social Security benefits, retirement, disability, survivor, etc., you will be eligible for the COLA-adjusted 3.2% average.

If you receive Social Security plus SSI, the COLA is applied to your SSI payments. Your overall eligibility or benefit amount may be impacted by other government programs or sources of income.

How much will Social Security Increase in 2024?

Due to tax-related modifications and inflation, Social Security recipients may see significant changes in 2024 that will affect everything from their monthly income to their tax obligations. In 2024, the monthly top benefit is expected to be close to $5,000. 

For over 70 million people, from pensioners to children, the old-age and disability program provide monthly income. Benefits will rise by 3.2% in 2024 depending on eligibility.

What if my Social Security Payment is delayed?

Please feel free to contact the SSA if your payment is delayed after you have verified that it has been at least three days since you should have received it. 

You can contact us at 1-800-772-1213, or visit your local Social Security office between 8 a.m. to 7 p.m., Monday through Friday.

How to check Social Security Dec 29 Payment Status?

Using your Social Security account, you can check the status of your online application for Social Security benefits in case of retirement or disability. 

• Enter your Social Security number to log in or register at the official website at ssa.gov/myaccount. 
• Choose “View Details” from the “More Info” section after swiping down to the “Your Benefit Applications” option on the home screen.
• In the “Current Status” column, find out your Social Security number.

Visit Bscnursing.com Homepage To Get Relevant Updates.