September will be a special month those who receive Supplemental Security Income (SSI), as this month they will receive two checks instead of one due to October 1st landing on a weekend.
This is the second month with two-payments in 2022
This will be the second time this year we've had a two-payment month, as last April beneficiaries saw the same move.
Since the maximum monthly payment per indiviual is at $841 dollars, this month SSI recipients could see a total payment of up to $1,682 arrive during September.
The payment schedule for Social Security will not be impacted as SSI's has.
Who can claim Supplemental Security Income?
Those who are over 65 years old, as well as people with a disability or blind, with little or no income, and beneficiaries qualify based on their assets.
Individuals can own up to $2,000 in assets while couples can have up to $3,000 jointly.
Among the exempt assets for the SSA we can find life insurance policies worth up to $1,500, the beneficiary's car, burial plots for the person and their immediate family, with burial funds up to $1,500, and finally the land or home where the person lives.
FAQs
Social Security: Is the $16,728 Yearly Bonus Real? Because of a quirk in the payment schedule, SSI beneficiaries get two payments in March, June, September and December, while no payments are deposited in January, April, July and October. The extra payment in September can be considered an advance for the next month.
Who is eligible for the stimulus check? ›
Who is eligible for the economic impact payment? Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment.
Will Social Security recipients receive a fourth stimulus check? ›
Don't believe the hype — there's no fourth stimulus going out, to anyone.
What day will Social Security be deposited this month? ›
Social Security payments typically occur on the third of each month, as well as on the second, third and fourth Wednesday of each month.
How do I get the $16728 Social Security bonus? ›
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
Is Social Security giving a grocery allowance? ›
CalFresh Expansion serves California seniors that are at least 60 years old and have low-income regardless if they receive SSI or SSP benefits. Contact the Area Agency on Aging in your area to learn if you qualify.
What is the $1,400 subsidy check? ›
Those eligible will automatically receive an Economic Impact Payment of up to $1,400 for individuals or $2,800 for married couples, plus $1,400 for each dependent. Unlike EIP1 and EIP2, families will get a payment for all their dependents claimed on a tax return, not just their qualifying children under 17.
Is it too late to get stimulus checks? ›
If you haven't received your $3,200 in stimulus checks, you can still claim the full amounts by filing your 2020 and 2021 tax returns by May 17th, 2024. This deadline is essential for those seeking to claim missed payments.
How can I check if I received a stimulus check? ›
Your Online Account: Securely access your individual IRS account online to view the total of your first, second and third Economic Impact Payment amounts under the “Economic Impact Payment Information” section on the Tax Records page. IRS EIP notices: We mailed these notices to the address we have on file.
Is Social Security giving a bonus check? ›
There is no specific “bonus” retirees can collect from the Social Security Administration. For example, you're not eligible to get a $5,000 bonus check on top of your regular benefits just because you worked in a specific career. Social Security doesn't randomly award money to people.
To be clear, the back-to-back deposits do not mean retirees are receiving extra money — it's just an early payment for the following month. This is slated to happen two more times this year, in August and November, according to a schedule of payments on the Social Security Administration's website.
Why am I getting a one-time payment from Social Security? ›
We may pay a one-time emergency advance payment to an individual initially applying for benefits who is presumptively eligible for SSI benefits and who has a financial emergency.
What extra benefits can I get from Social Security? ›
If you get SSI, you can usually get federal benefits like the Supplemental Nutrition Assistance Program (SNAP) and state benefits like Medicaid. SNAP helps pay for food, and Medicaid helps pay doctor and hospital bills.
