Latest news with #SupplementalSecurityIncome
Hindustan Times
6 hours ago
- Business
- Hindustan Times
SSI payments June 2025 schedule: When will your check arrive? Key dates to know
While thousands of social security beneficiaries wonder if they will get the Supplemental Security Income (SSI), in June 2025, the SSA has issued a key update. There won't be a regular SSI payment this month. That's because the Social Security Administration sent out the June payment early, on May 30, 2025. So, if you receive SSI, you might have gotten two payments in May—one at the beginning of the month (for May) and one at the end (for June). This happens sometimes when the first of the month falls on a weekend. Instead of sending the money late, they send it a little early. It's a normal thing and happens a few times a year. There's no change in your total benefits—just the timing. So don't worry if nothing shows up in June. That June payment is just coming a little early. If you get Social Security retirement, disability, or survivor benefits, your payment depends on your birthday. Here's the schedule for June: June 11, 2025 – If your birthday is between the 1st and 10th June 18, 2025 – If your birthday is between the 11th and 20th June 25, 2025 – If your birthday is between the 21st and 31st If you started getting Social Security before May 1997, your payment date is different. You'll get your money on Monday, June 3, 2025. These different payment days help the SSA send out millions of payments smoothly every month. If you were expecting your usual SSI check in June, don't worry—it hasn't been forgotten. Instead, you got it early, on May 30, 2025. The SSA doesn't send payments on weekends or holidays. When the 1st of the month is a Saturday or Sunday, they move the payment to the last business day of the previous month. That's why in some months, you might get two checks, and in others, none. Here's when SSI checks are going out in 2025: May 30, 2025 – For June July 1, 2025 – For July August 1, 2025 – For August August 29, 2025 – For September October 1, 2025 – For October October 31, 2025 – For November December 1, 2025 – For December December 31, 2025 – For January 2026 SSI helps people with limited income and few resources. You may qualify if you are: 65 or older Blind Living with a disability A child with a qualifying disability It's different from regular Social Security benefits, which are based on work history. Knowing your payment dates can help you plan your monthly budget, especially if you're living on a fixed income. Here's a quick look again at the June 2025 Social Security schedule: June 3 – For those who started receiving benefits before May 1997 June 11 – Birthdays between the 1st–10th June 18 – Birthdays between the 11th–20th June 25 – Birthdays between the 21st–31st May 30 – Early SSI check for June You can always find the full payment calendars for 2025 and 2026 on the SSA's official website. Also Read: SSI schedule changed for May-June payments in 2025 If your Social Security or SSI payment doesn't show up on time, don't panic. The SSA recommends waiting at least three business days before reaching out. After that, you can contact your local SSA office or call them directly. To avoid delays in the future, think about signing up for direct deposit. It's faster, more secure, and means you'll get your payment even if there are mail delays.
Yahoo
15 hours ago
- Business
- Yahoo
What Is the Lowest Social Security Check per Month?
While most people are interested in the biggest Social Security check they can get each month, there are some people who may be getting the minimum possible amount per month based on a variety of factors. Find Out: Read Next: While there's not a hard and fast 'lowest' benefit amount because of the variety of factors involved in calculating benefits, there are some ways to look at how much, or little as the case may be, some folks are getting. If you started taking your Social Security benefits at the full retirement age of 67, for those born in 1960 or later, your maximum benefit in 2025 would be $4,108 per month, which goes up to $5,108 per month if you wait until you turn 70. Learn More: The lowest average Social Security benefit will vary based on the age you take your benefits, how much you paid in over your earning years, and whether or not you get spousal benefits from a deceased spouse. If the maximum benefit is $5,108, as mentioned above, if you started claiming benefits at age 62, before full retirement age, that amount would drop significantly, to only $2,831 per month. If you're on Supplemental Security Income, for people with very limited income and resources, including some people with disabilities, the minimum benefit available for a single 'essential person' is $484 per month. However, there's yet one more category available, known as the 'Special Minimum Benefit.' This program, started in 1972, was created to provide a 'baseline income' for employees who earn such low wages as to provide a higher benefit than they'd receive by the traditional Social Security formula. To be eligible for the minimum monthly benefit (in 2025) of $52.10, a person has to have at least 11 years of coverage. A year of coverage is earned based on a specific earnings amount in that year. However, this program has fewer and fewer beneficiaries every year, down from around 200,000 in the early 1990s to about 32,100 as of 2019. If one person in a married couple did not earn enough Social Security credits to get benefits for their own work record but their spouse did or if their benefits are small, they may be eligible for half the amount of their spouse's benefit at the full retirement age of 67 (not the higher amount if they waited until 70). You do have to be 62 or older or any age if you're caring for a child 16 or under with a disability who is also entitled to benefits on your spouse's work record. Your spouse has to be receiving benefits for you to get benefits based on their record, and it's ideal to wait until full retirement age to start claiming. These benefits extend to divorced spouses who were married 10 years or more, as well, but there are other requirements in this case, so you will want to make sure you meet them all. To make sure you are getting the maximum, and not the minimum Social Security benefits each month, be sure to speak with a financial advisor who has Social Security expertise, as many of the claiming decisions are permanent and can't be changed if you've made a mistake. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? These 10 Used Cars Will Last Longer Than an Average New Vehicle This article originally appeared on What Is the Lowest Social Security Check per Month? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Business
- Yahoo
What Is the Lowest Social Security Check per Month?
While most people are interested in the biggest Social Security check they can get each month, there are some people who may be getting the minimum possible amount per month based on a variety of factors. Find Out: Read Next: While there's not a hard and fast 'lowest' benefit amount because of the variety of factors involved in calculating benefits, there are some ways to look at how much, or little as the case may be, some folks are getting. If you started taking your Social Security benefits at the full retirement age of 67, for those born in 1960 or later, your maximum benefit in 2025 would be $4,108 per month, which goes up to $5,108 per month if you wait until you turn 70. Learn More: The lowest average Social Security benefit will vary based on the age you take your benefits, how much you paid in over your earning years, and whether or not you get spousal benefits from a deceased spouse. If the maximum benefit is $5,108, as mentioned above, if you started claiming benefits at age 62, before full retirement age, that amount would drop significantly, to only $2,831 per month. If you're on Supplemental Security Income, for people with very limited income and resources, including some people with disabilities, the minimum benefit available for a single 'essential person' is $484 per month. However, there's yet one more category available, known as the 'Special Minimum Benefit.' This program, started in 1972, was created to provide a 'baseline income' for employees who earn such low wages as to provide a higher benefit than they'd receive by the traditional Social Security formula. To be eligible for the minimum monthly benefit (in 2025) of $52.10, a person has to have at least 11 years of coverage. A year of coverage is earned based on a specific earnings amount in that year. However, this program has fewer and fewer beneficiaries every year, down from around 200,000 in the early 1990s to about 32,100 as of 2019. If one person in a married couple did not earn enough Social Security credits to get benefits for their own work record but their spouse did or if their benefits are small, they may be eligible for half the amount of their spouse's benefit at the full retirement age of 67 (not the higher amount if they waited until 70). You do have to be 62 or older or any age if you're caring for a child 16 or under with a disability who is also entitled to benefits on your spouse's work record. Your spouse has to be receiving benefits for you to get benefits based on their record, and it's ideal to wait until full retirement age to start claiming. These benefits extend to divorced spouses who were married 10 years or more, as well, but there are other requirements in this case, so you will want to make sure you meet them all. To make sure you are getting the maximum, and not the minimum Social Security benefits each month, be sure to speak with a financial advisor who has Social Security expertise, as many of the claiming decisions are permanent and can't be changed if you've made a mistake. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? These 10 Used Cars Will Last Longer Than an Average New Vehicle This article originally appeared on What Is the Lowest Social Security Check per Month?
Yahoo
15 hours ago
- Business
- Yahoo
SSI June 2025: No Payment Will Arrive This Month
Supplemental Security Income recipients won't receive a check during the month of June, and for a good reason. The payment schedule can vary, and that's what's happening this month. We'll explain. Supplemental Security Income is a program designed to help individuals with low income or resources, or those with qualifying disabilities. The application process can take time and requires several pieces of information to determine if you qualify, but once approved, monthly payments will be sent as long as you're still eligible. There's also a cap on how much you can receive in SSI money each month, which depends on your income and resources. Whether you're about to apply or just trying to find out more about SSI, we'll lay out the payment schedule for the rest of 2025. For more, don't miss how to apply for Social Security benefits. Read more: Social Security Has a 'Maddening' New AI Phone Bot. Here's How to Deal With It Here's when you can expect to receive your SSI payments for the rest of 2025: Friday, May 30 (for June) Tuesday, July 1 Friday, Aug. 1 Friday, Aug. 29 (for September) Wednesday, Oct. 1 Friday, Oct. 31 (for November) Monday, Dec. 1 Wednesday, Dec. 31 (for January 2026) Since June 1 falls on a Sunday this year, you should have received your payment on Friday, May 30. This will happen a few more times this year, too. No. For the most part, each Social Security benefit has a straightforward schedule, with only a couple of instances where it can differ from the typical timetable. For your reference, the Social Security payment schedule for June is below. For more, don't miss how your Social Security benefits can be suspended if you do these things.
Newsweek
18 hours ago
- Business
- Newsweek
Some Social Security Recipients Won't Get Paid in June. Here's Why.
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. Some Social Security recipients will not receive a payment this month. While payments are typically sent to those on Supplemental Security Income (SSI) on the first of the month, June payments will be skipped. This is because when the first day of the month falls on a weekend or holiday, SSI payments are issued early. Why It Matters More than 7 million Americans rely on SSI payments monthly. The benefits are available to those who are disabled or age 65 and older with limited resources. Fluctuations in the payment schedule can mean that beneficiaries may have to plan around new payment dates to ensure their housing and food costs are covered. Why Won't Some Social Security Recipients Get Paid This Month? While recipients will still receive payment, those on SSI should not expect to receive a payment this month. Because of the way the days fell on the calendar, June payments were sent out early, as June 1 falls on a weekend. That means that while there is no payment in June, SSI recipients received two payments in May. SSI Check: Payment Schedule SSI checks will be sent as follows, according to the Social Security Administration schedule: Friday, May 30, 2025 (Check for June 2025) Tuesday, July 1, 2025 (Check for July 2025) Friday, Aug. 1, 2025 (Check for August 2025) Friday, Aug. 29, 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) A Social Security Administration office in Washington, D.C., as seen on March 26, 2025. A Social Security Administration office in Washington, D.C., as seen on March 26, 2025. SAUL LOEB/AFP via Getty Images What Is the Highest Check You Can Get From Social Security? The maximum amount for a Social Security payment is $5,108 per month in 2025. However, getting this amount of money is rare and depends on several factors. The amount depends on your earnings history, your date of birth, and the date you filed for benefits. If you paid more into the SSA, you'll subsequently get more money when you retire. The same applies to those who wait longer to file, as payment amounts increase based on the filing age. At What Age Is Social Security No Longer Taxed? Depending on your circumstances, Social Security can be taxed at any age. If your taxable income is higher than the standard deduction for your filing status, you'll need to file a tax return. That means seniors who have Social Security and an income above the standard deduction might have to include benefits in their taxable income. What People Are Saying Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek: "Getting a check deposited a day or two early is never an issue as the funds will be available for use at about the same time of the month as usual, which should be a relief for those who rely heavily on Social Security for their retirement income." Kevin Thompson, the CEO of 9i Capital and the host of the 9innings podcast, told Newsweek: "This is not a problem, just more of a timing issue. It is the same when the 31st falls on a weekend and you may receive your ach deposit 3 days prior from your wages. The only issue with this payment is that it may not align with the normal timing of recurring charges." When Will The Next Payment Be Made? The next SSI payment will be issued on Tuesday, July 1. Until then, recipients will have to make their June payment, which was sent in May, last. "Just remember that you are being paid more in May and may not see payment in June and be prepared for that eventuality," Thompson said.
