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Hindustan Times
4 hours ago
- Business
- Hindustan Times
Social Security payments August 2025: When and how much money will you receive?
The Social Security Administration (SSA) will soon begin rolling out August payments to beneficiaries. Since August 3—the typical date for some people to receive their benefits—falls on a weekend, those eligible will get their payments early. When will you receive your Social Security payments for August? (Unsplash) Social Security payments August: Eligibility criteria You are eligible to receive this paper check if you: • are an SSI beneficiary • have updated your bank information • have not had a recent change in status How much will you receive? '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,' reads the official SSA website. 'In general, monthly amounts for the next year are determined by increasing the unrounded annual amounts for the current year by the COLA effective for January of the next year. The new unrounded amounts are then each divided by 12, and the resulting amounts are rounded down to the next lower multiple of $1.' When will you receive it? Due to the calendar's structure, supplemental security income will be delivered on August 1 instead of August 3. Retirees, SSDI, and other recipients who began receiving benefits before May 1997 will get their payments on August 2. Apart from this, those receiving only social security benefits will get their checks depending on their birthdate and the regular payment schedule. For those born from the 1st to 10 of any month, payments are given on the second Wednesday, i.e., August 14 For those born from the 11th to 20th of any month, payments are given on the third Wednesday, i.e., August 21 For those born from the 21st to 31st of any month, payments are given on the fourth Wednesday, i.e., August 28 What are the changes? The SSA had recently announced plans to switch beneficiaries who have still opted to receive their payments through paper checks to the digital mode instead. Due to concerns about access to and literacy in the digital medium, this change has now been delayed beyond September. The agency confirmed this delay last week, as reported by News Break. Beneficiaries are still encouraged to opt for direct deposits over paper checks to ease the process and receive their payments on time. With contribution from Stuti Gupta
USA Today
13 hours ago
- Business
- USA Today
When do you get your SSI check for August 2025? See full payment schedule
Those who get Supplemental Security Income checks will get two checks during the month of August. The double delivery is a result of the Social Security Administration's calendar. Payments are typically issued on the first day of the month, and the August payment is scheduled to go out Friday, Aug. 1. However, when the first of the month lands on a weekend or a holiday, as it does in September (Sept. 1 is Labor Day), payments go out early. So the payment for the month of September is scheduled to be sent Aug. 29, the last business day of that month. The same situation happened in May, with SSI recipients getting payments on May 1 and May 30. Payments throughout the rest of 2025 and into 2026 will follow a similar pattern, according to the SSA calendar. When are SSI payments sent out for August? See full 2025 payment schedule SSI beneficiaries will also get two checks in August, October and December. That's because the first date of the following month lands on a weekend or holiday. Here are the dates for SSI payments for the rest of 2025 and into early 2026, according to the SSA calendar: What is SSI? Supplemental Security Income (SSI) provides benefits for those with limited income or resources, those aged 65 or older, and those who are blind or have a qualifying disability. Children with a qualifying disability can also get SSI, according to the Social Security Administration's website. About 7.4 million Americans currently get monthly SSI payments. Adults who earn more than $2,019 from work monthly, typically do not qualify for SSI. About one-third of SSI recipients also get a benefit from Social Security. Those who may be eligible for SSI can begin the application process online, in person at your local Social Security office, or by calling 1-800-772-1213 (TTY 1-800-325-0778) from 8 a.m. to 7 p.m. local time during the work week. Mike Snider is a national trending news reporter for USA TODAY. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
Newsweek
2 days ago
- Business
- Newsweek
Social Security: Two Types of Benefits To Be Paid This Week
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. This week, two payments will be made by the Social Security Administration (SSA). What To Know Millions of Americans receive Social Security benefits, whether it be retirement checks or disability payments, known as Supplemental Security Income (SSI). On Friday, August 1, checks will go out for SSI recipients, retirees who have been collecting checks since before May 1997, and retirees who also collect SSI benefits. Following on the from this, further payments will be made on Wednesday, August 13 : Retirement, spousal and survivor benefits for those born between the 1st and 10th of any calendar month : Retirement, spousal and survivor benefits for those born between the 1st and 10th of any calendar month Wednesday, August 20 : Benefits for those born between the 11th and 20th : Benefits for those born between the 11th and 20th Wednesday, August 27 : Benefits for those with birthdays between the 21st and 31st : Benefits for those with birthdays between the 21st and 31st Friday, August 29: SSI payments. This payment would usually come at the first of the month for September. However, due to September 1 falling on Labor Day, a national holiday, the payment will be made slightly earlier. Stock image/file photo: A Social Security card with U.S. Dollars. Stock image/file photo: A Social Security card with U.S. Dollars. GETTY How Much Can I Get? The average Social Security check was $2,002.39 as of May 2025, although numerous seniors have expressed dissatisfaction about the amount they get. "The average Social Security benefit amount changes monthly," an agency spokesperson told Newsweek. "As wages tend to rise over time, each new group of retirees raises the average benefit amount, since their benefit calculations typically reflect higher earnings." Social Security benefits vary by individual. Payments are calculated based on a person's 35 highest-earning years—adjusted for inflation—and the age at which they begin claiming benefits. In 2025, the maximum monthly benefit for someone retiring at the full retirement age of 67 is $4,018. Retiring early at 62 reduces the maximum to $2,831, while delaying retirement until 70 raises the potential benefit to as much as $5,108 per month. SSI recipients received an average of $718.30. How much beneficiaries get is based on how much money they earn and other resources available to them. Seniors on Social Security With more than 50 million Americans collecting retirement checks from the federal government every month, many seniors want to see major reform to the program, according to a new report by The Senior Citizen's League. The advocacy group found that only 10 percent of beneficiaries are satisfied with their monthly check, while 63 percent reported being dissatisfied. Beneficiaries have also taken issue with the annual cost of living adjustment, or COLA, with many saying it doesn't accurately reflect cost increases year-to-year for older Americans. In a recent poll, 34 percent of respondents identified updating the COLA formula as their top policy priority for enhancing Social Security benefits.
Hindustan Times
3 days ago
- Business
- Hindustan Times
SSA to roll out August payments for beneficiaries soon: Check schedule, eligibility and more
The Social Security Administration (SSA) is scheduled to roll out its August payments for beneficiaries soon. Depending on the number of benefits you are entitled to receive, your payment dates will differ according to a pre-decided calendar. However, due to the complexities in next month's calendar, beneficiaries will receive two checks, and some even three, during August. For those impacted by this change, it is important to understand the reasons behind it. SSA to roll out August payments for beneficiaries soon: Check schedule, eligibility and more (REUTERS/Dado Ruvic/Illustration/File Photo)(REUTERS) How much will you receive? '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,' reads the official SSA website. 'In general, monthly amounts for the next year are determined by increasing the unrounded annual amounts for the current year by the COLA effective for January of the next year. The new unrounded amounts are then each divided by 12, and the resulting amounts are rounded down to the next lower multiple of $1.' Also receive supplemental security income (SSI) The usual date for beneficiaries who began receiving social security before 1997 or those who receive both social security and SSI benefits would have been August 3. However, due to it falling on a weekend, these payments will now be rolled out on August 1 itself. Since September 1 is Labor Day, payments for that month will be rolled on August 29. This change is in line with the SSA's policy of distributing checks early in case the payment date falls on a weekend or federal holiday and is undertaken to keep beneficiaries' accounts in balance. Hence, this is not a double payment but simply a prepayment. Regular payment schedule For those who only receive social security benefits, payments are rolled out depending on the beneficiary's birthdate. This process is undertaken over the last three Wednesdays of the month. • For those born from the 1st to 10 of any month, payments are given on the second Wednesday, i.e., August 14 • For those born from the 11th to 20th of any month, payments are given on the third Wednesday, i.e., August 21 • For those born from the 21st to 31st of any month, payments are given on the fourth Wednesday, i.e., August 28 Eligibility criteria You are eligible to receive this paper check if you • Are an SSI beneficiary • Have updated your bank information • Haven't had a recent change in status Direct deposits usually take less time than mailed checks to arrive and are distributed depending on the receiver's preferred mode of payment. The SSA usually advises beneficiaries to wait for three days in case they haven't received their check before raising a complaint. – By Stuti Gupta
Yahoo
3 days ago
- Business
- Yahoo
Some Social Security recipients could see 50% cut starting in August, here's why
Your Social Security check next month might be smaller. By a lot. That's because on July 24 at the earliest, the Social Security Administration (SSA) will start taking more money back from people who have gotten too much money from them in the past. So, if you got your check on July 23 this week you shouldn't have seen a difference yet, but the change will be in effect for the Supplemental Security Income (SSI) payment scheduled for Aug. 1 and Social Security checks issued after that. Previously, if the SSA, which pays monthly benefits to nearly 69 million retired workers, survivors of deceased workers and workers with disabilities, overpaid a beneficiary for some reason — usually because benefits were calculated incorrectly or because a beneficiary failed to update a change in marital status, income, or disability status — the agency would start withholding 10% of their checks moving forward to put toward repaying that debt. Starting in late July, that percentage went up to 50%, meaning if you have received an overpayment your checks could be cut in half until the money is repaid. There's no public figure on how many recipients have been overpaid, but the SSA tried to reclaim overpayments from about 2 million people in the fiscal year that ended September 2023, according to KFF and Cox Media Group, based on data acquired in a Freedom of Information Act request. According to AARP, most of the overpayments were to beneficiaries of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Some people may have seen their benefits go up. That's because the Social Security Fairness Act started for public sector workers such as firefighters, police officers, teachers, and other critical public servants whose benefits were reduced in the past. As of July 7, the SSA said it has processed more than 3.1 million payments, totaling over $17 billion, to those entitled to the retroactive payment adjustments. Here's what to know. Social Security in Florida: How dependent is Florida on Social Security? Study ranks state, how much people make August Social Security payment schedule The Social Security Administration's yearly distribution schedules for 2025 and 2026 are available online so that you can check the calendar for budgeting purposes. Social Security typically pays benefits on Wednesdays, with the first wave of payments going out the second Wednesday of the month and the rest of the payments on the subsequent Wednesdays, depending on your birthdate. Social Security recipients who began getting benefits before May 1997 are paid on the 3rd of the month. The same goes for recipients who also get SSI payments. Regular Social Security retirement benefits for the month of July will be sent out on the SSA's usual schedule: Wednesday, Aug, 13: Birth dates between the first and 10th of the month. Wednesday, Aug, 20: Birth dates between the 11th and 20th of the month. Wednesday, Aug, 27: Birth dates between the 21st and 31st of the month. Worried about Social Security cuts? 3 things to do now if you're already retired What is SSI? Supplemental Security Income is a benefit payment for those with limited income or resources aged 65 or older, who are blind, or have a qualifying disability. Children with a qualifying disability can also get SSI, according to the SSA's website. Adults who earn more than $2,019 from work monthly typically do not qualify for SSI. There will be two SSI payments in August, one on Aug. 1 and another on Aug. 29, but none in September. SSI payment schedule for August, rest of 2025 Here's a look at the payment schedule for the rest of 2025: Friday, Aug. 1, 2025 (Check for August 2025) Friday, Aug. 30, 2025 (Check for September 2025) Wednesday, Oct. 1, 2025 (Check for October 2025) Friday, Oct. 31, 2025 (Check for November 2025) Monday, Dec. 1, 2025 (Check for December 2025) Wednesday, Dec. 31, 2025 (Check for January 2026) Why did the overpayment percentage change? The Biden administration reduced the previous overpayment recovery rate of 100% and capped it at 10% to allow recipients more time to pay back their debt without dropping below the income they needed to survive. Under President Donald Trump and his administration's efforts to reduce waste, the overpayment clawback was initially restored to 100%. The change applied to new overpayments only, the withholding rate for beneficiaries with overpayments before March 27 was not due to change. However, after a public outcry, in April the percentage was changed to 50% for all overpayments, past and future, as a compromise. Social Security changes: Age for full Social Security benefits goes up this year. How old do you have to be? How can I avoid having my Social Security checks garnished? If you know you've been overpaid, paying back the extra money if you still have it will prevent your future checks from being affected. You can also contact the SSA to request a lower recovery rate or even to have it waived if losing half your payments would create financial hardships, especially if the mistake wasn't your fault. Moving forward, keep an eye on your checks for anything unusual and be sure to promptly update your account with changes in your marital status, income, disability status or any other factors that could affect your eligibility. How many people in Florida receive Social Security benefits? Florida had more than 5 million people claiming Social Security benefits as of December 2023, according to the AARP. That included more than 3.9 million retirees, over 478,000 disabled workers, more than 401,000 spouses or survivors and nearly 240,000 children. Nearly one in five Florida retirees, family members, veterans and others receive Social Security benefits, according to the AARP. This article originally appeared on Florida Times-Union: Social Security benefits may be slashed in August for overpayments Solve the daily Crossword
