Retirees born on the 11th through the 20th may get their next Social Security check or direct deposit on December 18, 2024. As a result, it might arrive in under 24 hours.
If you began receiving retirement benefits after April 30, 1997, you are eligible; if you started before May 1997, you are not. Those receiving SSI assistance do not qualify either.
However, this will not be the final payment for 2024. Retirees will receive one extra payment, according to Social Security. If you are receiving SSI benefits, your next payday will be December 31, 2024. So, you will benefit from the 2025 COLA rise in 2024. Remember, this is the next SSI payment for January.
Social Security payments after December 18
United States retirees who receive benefits on December 24 must meet the birthdate requirement. Actually, their birthday must fall between 21 and 31, regardless of the month.
Although Social Security normally makes payments on the third, second, third, and fourth Wednesdays, this can alter. In this situation, the payment for the fourth Wednesday will arrive on Tuesday.
Remember that December 25 cannot be a regular payday. This is because the Social Security Administration does not disburse payments on Christmas Day. Banks and Social Security offices will be closed because it is a federal holiday. The January payments will fall on January 3, 8, 15, and 22, 2025.
Maximum amounts and average checks for Social Security in December
The highest Social Security payment in December will be $4,873. It is possible for a worker to:
- To apply for Social Security at the age of 70,
- follow these steps: pay enough payroll taxes, have SSA-covered jobs,
- earn the taxable maximum for the requisite number of years,
- work for 35 years,
- and do not violate SSA laws.
Retirees will get an average amount of approximately $1,927. However, if you only worked for ten years and had 40 work credits at age 62, you may receive a substantially lower amount. Early filing can be beneficial, but it will reduce your payment by around 30%.
ALSO SEE : Increasing Retirement Age Beginning January 1, 2025 – Impacting Those Born in 1958 and 1959