The Social Security Agency (SSA) plans to pay beneficiaries in August. The beneficiary may receive up to $5,108 if the beneficiary meets all specified eligibility criteria. Those who also receive supplemental security income will receive two payments this month due to the way the payment calendar is structured.
Social Security Checks will be launched today. Here's all you need to know (Reuters)
Who will receive their payment on August 20?
For beneficiaries who only receive Social Security benefits and whose birthdays are set between 11 and 20 months, payment will be made on the third Wednesday, August 20.
• For those born from the first to the 10th of any month, the payment on the second Wednesday is August 13
• For those born from the 21st to the 31st, the payment is given on the fourth Wednesday, August 27th
Qualification criteria
“The maximum monthly federal amount for eligible individuals is $967, the eligible individuals with qualified spouses is $1,450, and the important person is $484,” the official SSA website reads. “In general, the monthly amount for next year is determined by increasing the number of segmentless annuals for the year valid for the year. The new impossible amounts are then divided by 12, respectively, and the result amount is rounded to the next next lower amount of $1.”
In order to obtain a maximum security amount of up to $5,108, the beneficiary must meet the following criteria:
•Work for at least 35 years
•The maximum taxable income limit was reached most years
•Wait until you are 70 years old to get benefits
People who get lower payments may face problems due to differences in income history, claims age or instances of previous overpayments. You can use my Social Security online platform to check your current benefits estimates, next due dates, and your income and contribution history.
Payment method
The way you get these regular benefits will vary depending on your personal preference. Because of their mailing time running out, direct deposits are usually faster than paper checks.
The February 2025 report from the SSA Inspector General’s Office found that the agency’s Social Security benefits exceeded $13.6 billion between 2020 and 2023, although the SSA has not yet said how many people were overpaid. In this regard, the SSA has decided to start withholding 50% of the interests of people with past high salaries unless there is a valid case.
SSAs usually require people to allow three days, and then they can ask for help in case their payment fails to arrive. The beneficiary must update its calendar and ensure that its details have been updated to receive payments on time.
In the contribution of Stuti Gupta