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USA Today
30 minutes ago
- Business
- USA Today
Here's who gets Social Security payments this week
The first Social Security payment for the month of August is set to be sent to recipients this week, however those who were previously overpaid by the Social Security Administration may see smaller benefit checks. That's because the agency is expected to begin withholding 50% of benefits for those who have been overpaid but have not begun making repayments. A February 2025 report by the SSA's Office of the Inspector General found the agency overpaid $13.6 billion in Social Security benefits during fiscal years 2020 to 2023, though the SSA has not said how many people have been overpaid. About 75% of the overpayments happened because beneficiaries did not successfully report information to the SSA that negatively affected their benefits, according to the report. Information that was not sent included additional salary or retirement earnings or changes in medical condition, such as the end of a disabling condition. Here's what you need to know about this week's Social Security payment. Who gets their Social Security payment this week? Beneficiaries who were born on the first through the 10th date of their birth month are set to receive their monthly Social Security benefit on Wednesday, Aug. 13, according to the SSA's payment calendar. When are Social Security payments sent? Social Security benefits – paid mostly to recipients who are older or retired – are typically paid on Wednesdays. If a recipient's birthdate is between the first and 10th of the month, they are issued payments on the second Wednesday of the payment month, according to the SSA's calendar. Recipients born between the 11th and 20th are paid on the third Wednesday, and those born after the 20th of the month get payments on the fourth Wednesday, according to the SSA payment calendar. Social Security payment schedule for August The Social Security Administration's yearly schedules of benefit payments for 2025 and 2026 are available online, so you can check the calendar for budgeting purposes. Social Security benefits for the month of August will be sent out on the following schedule: SSI payment schedule for August, rest of 2025 and into 2026 Recipients of Supplemental Security Income checks should have received payments on the first business day of the month – which was Friday, Aug. 1. SSI checks will be sent out on the following dates in 2025 and early 2026, according to the SSA calendar: Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_. 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@
Newsweek
2 hours ago
- Business
- Newsweek
Social Security: Payments Worth up to $5,108 Going Out 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. Millions of Americans will receive their monthly Social Security payments this week. Why It Matters Social Security benefits—issued in one lump sum each month for most recipients—provide critical income for retirees, surviving family members, and those with disabilities. What To Know The timing of retirement, spousal, and survivor benefit payments depends on a recipient's birth date and how long they've been in the program. This week, payments for those born between the first and 10th of any month will be issued on Wednesday, August 13. More payments will be made on the following dates: 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: Supplemental Security Income 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. The Social Security Administration (SSA) determines retirement benefits using your highest 35 years of earnings, adjusted for inflation. Those earnings are averaged, and a progressive formula—designed to replace a higher percentage of income for lower earners - produces a base amount called the Primary Insurance Amount (PIA). This means that not everyone will get the same amount of benefits. Stock image of a Social Security card with U.S. Dollars. Stock image of a Social Security card with U.S. Dollars. GETTY When you start claiming benefits can make a big difference: Claiming at full retirement age (currently 67) gives you 100 percent of your PIA. Claiming early at age 62 reduces your benefit. Delaying past full retirement age, up to age 70, increases your monthly payment. In 2025, the maximum monthly benefit is: $2,831 if starting at age 62 $4,018 at full retirement age $5,108 if delayed until age 70 However, a recent Cato Institute survey highlights just how little many Americans know about Social Security payouts. The August 2025 poll found that 91 percent of respondents did not realize the program's maximum annual benefit can reach $60,000. As of June 2025, the average monthly payment stands at $2,005.05—about $24,000 a year before taxes. Yet only 25 percent of those surveyed correctly guessed that the average benefit falls between $20,000 and $29,000 annually. Thirty-eight percent underestimated the figure, 17 percent overestimated it, and 19 percent said they didn't know. Benefit Boost for 2026 Social Security benefits rise each year through the program's Cost-of-Living Adjustment (COLA), an inflation-linked increase announced every October and applied the following January. For 2026, the Senior Citizens League projects a COLA of 2.6 percent—slightly above the 2.5 percent boost beneficiaries received at the start of 2025. The official announcement on how much benefits will rise by for 2026 will be made by the SSA in October 2025.
Time of India
a day ago
- Business
- Time of India
$5,108 social security payment on August 13: How can you get the check and what can be done if money is delayed?
Some Social Security recipients are all set to receive a maximum benefit of $5,108 in August, 2025 and the next round of payments begins Wednesday, August 13, targeting retirees who meet very specific conditions. The Social Security Administration (SSA) has confirmed that the next round of payments will be issued on Wednesday. $5,108 is the highest amount a person can get each month from Social Security. Some people who get Supplemental Security Income (SSI) will also receive two payments in August because of how the payment calendar works this year. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program ALSO READ: US hit by summer Covid surge? Check states on high-risk list, symptoms and preventive measures by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Read More Undo What is the social security amount for August? The SSA is preparing for a new round of benefit payments in the month of August and millions of retirees, survivors and people with disabilities rely on these funds for their monthly expenses, making each distribution date a crucial time for beneficiaries' finances. The payment of Social Security arrives in three badges of the month, following a schedule that is based on the beneficiaries' dates of birth. Only people who waited until age 70 to claim their benefits and met other rules can get this full amount of $5,108. Live Events This system provides a structured and predictable way to distribute funds. For retirees and other beneficiaries, payment amounts can differ significantly, as they are determined by factors such as the individual's retirement age and their contribution history throughout their career. ALSO READ: $5,108 Social security August payment coming next week: Will you receive it? What to do if money doesn't arrive? How can you get $5,108 social security payment? Social Security payments are sent out on certain Wednesdays each month. The exact Wednesday depends on your birthday. Payments are never sent before the second week of the month. That means in August 2025, the first payments will be made on August 13. If your birthday is between the 1st and 10th of the month, you get paid on the second Wednesday. If it's between the 11th and 20th, you get paid on the third Wednesday. If it's between the 21st and 31st, you get paid on the fourth Wednesday. Not every retiree will receive the full $5,108. This maximum amount is reserved for those who have taken strategic steps during their working years and retirement planning. ALSO READ: Last planet parade of 2025 happening today? How to watch the rare planetary alignment in the US The $5,108 is the maximum monthly Social Security payment. You can only get it if you have: Worked and paid into Social Security for at least 35 years Reached the maximum taxable income limit in most of those years Waited until age 70 to start receiving benefits These factors together determine the maximum payment one can receive. Most retirees receive significantly lower payments due to differences in earnings history and claiming age. How to Check Your SSA Benefit Amount If you're unsure of how much you're scheduled to receive, it's easy to verify your details through the My Social Security online platform. Upon logging in, you can access: Your current benefit estimate The next payment date Your earnings and contribution history In 2025, the average monthly benefit is around $1,907, but this varies based on individual circumstances, work history, and retirement age. ALSO READ: Perseids 2025: How to watch the year's best meteor shower despite full moon? NASA's secret tips What if your payment is delayed? Missed or delayed payments can cause concern, but there are clear steps to take if your August 13 payment doesn't arrive: Wait at least three business days past the scheduled date Contact the SSA at 1-800-772-1213 Visit your nearest SSA office for in-person assistance Ensure your banking information is current in your My Social Security account ALSO READ: How to make Spaghetti in Grow a Garden: Check secret cooking tips, recipe books and rewards Who can receive Social Security payments? Retirees: This is the largest group. People who have worked and paid Social Security taxes during their working years. People with disabilities: Those who suffer from a disability that prevents them from working can receive benefits Family members of beneficiaries: Payments may also be extended to certain family members of a retired, disabled or deceased worker
Newsweek
3 days ago
- Business
- Newsweek
Is Social Security Ending Paper Checks? What To Know
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. The Social Security Administration (SSA) has implemented numerous changes to its operations since the Donald Trump administration began back in January 2025. But later this year, the SSA will by-and-large stop administering paper checks to the small portion of recipients who still receive their monthly benefits this way. What To Know Starting September 30, 2025, the SSA will stop issuing paper checks for benefit payments for the majority of claimants who still get their benefits this way. According to SSA data, 521,644 remittances were still issued by physical check as of July. However, the SSA has also confirmed to Newsweek that in instances where beneficiaries cannot use online methods to receive their payments, paper checks will still be delivered. "In March 2025, President Trump issued Executive Order 14247, which mandates the transition to electronic payments for all Federal disbursements by September 30, 2025," an SSA spokesperson told Newsweek. "Where a beneficiary has no other means to receive payment, we will continue to issue paper checks." The change stems from a March 25 executive order issued under the Trump administration, titled "Modernizing Payments To and From America's Bank Account." Under the mandate, all federal disbursements—including Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), vendor payments, and even tax refunds—must be made electronically after the deadline. Acceptable methods for Social Security payments are direct deposit or a Direct Express card. Stock image/file photo: A person holding a U.S. Treasury check. Stock image/file photo: A person holding a U.S. Treasury check. GETTY Why Are Paper Checks Ending? In a fact sheet regarding the executive order, the White House said physical checks create "unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies." It also said that mail theft complaints "have increased substantially since the COVID-19 pandemic" and that Treasury checks "are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered" than electronic transfers. "Maintaining the physical infrastructure and specialized technology for digitizing paper records cost the American taxpayer over $657 million in Fiscal Year 2024 alone," the White House said. "Paper checks are increasingly the front door for fraud. Treasury is committed to raising awareness of the growing fraud risks associated with paper checks and providing Americans with the knowledge and tools to fight financial fraud and make informed financial decisions," the Treasury said in a press release issued in late May. Who Can Still Get a Paper Check? According to GoDirect, a program run by the Treasury Department and the Federal Reserve that facilitates electronic payments for federal benefit recipients, there are certain circumstances where paper checks can still be issued. To be eligible for a waiver, the check recipient must meet at least one of the following conditions:
CNET
5 days ago
- Business
- CNET
Supplemental Security Income for August 2025: Your Second Monthly Payment Comes Soon
SSI recipients are getting two checks this month. Getty Images/Viva Tung/CNET Supplemental Security Income recipients should have already received a payment for August, but that's not the only payment arriving this month. A second payment will be sent out before September. 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 eligibility. Once approved, monthly payments will be sent as long as you still qualify. There's a cap on how much you can receive in SSI money each month, depending on your income and resources. Here's the payment schedule for the rest of 2025. If you're just getting started, see our explainer on how to apply for Social Security benefits. And don't miss how your Social Security benefits can be suspended if you do one of these things. Read more: Social Security Has a 'Maddening' New AI Phone Bot. Here's How to Deal With It SSI payment schedule for 2025 Here's when you can expect to receive your SSI payments for the rest of 2025: 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) This year, Aug. 1 fell on a Friday, so the payment went out as normal. Because Sept. 1 of this year falls on Labor Day, the payment for next month will be sent out earlier, on Aug. 29. Will other Social Security benefits come early? No. Each Social Security benefit has a straightforward schedule, with only a couple of instances where it can differ from the typical timetable. The Social Security payment schedule is below for your reference. If you've received Social Security before May 1997 Aug. 1 If your birthday falls between day 1 and 10 of the month Aug. 13 If your birthday falls between day 11 and 20 of the month Aug. 20 If your birthday falls between day 21 and 31 of the month Aug. 27
