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The latest cost-of-living (COLA) adjustment boosted Social Security and Supplemental Security Income (SSI) payments by 8.7%, outpacing current inflation. This year, SSI recipients should see a ...
The 2023 increase is thanks to an 8.7% COLA announced by the SSA. ... Social Security: ... Supplemental Security Income (SSI) Schedule: When To Expect February 2023 Payment.
SSI payments for December went out on Friday, Nov. 29, because Dec. 1 was a Sunday, according to the SSA calendar. January's SSI payments always come out early because Jan. 1 is a holiday. This ...
The program's income cap — the threshold above which earnings aren't taxed for Social Security — will rise to $176,100 next year, up from $168,600 in the current calendar year.
The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981 and is the fourth biggest COLA in the ...
Supplemental Security Income (SSI) payments are typically deposited on the first of every month, unless the first falls on a weekend or holiday. According to the SSA's schedule of Social Security...
The average Social Security payment changes from month to month, but in January, it’s $1,976, compared to $1,788.12 at the end of 2024. The Maximum Social Security Benefit Increases
If you received Social Security before May 1997 — or if you’re receiving both Social Security and SSI — then you will receive your Social Security payment on Sept. 2nd and SSI on Sept. 1st ...