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People who get Supplemental Security Income will get their monthly payment. For an individual taxpayer, the payment will be $914 dollars and it will be delivered within two weeks.
The Supplemental Security Income (SSI) program gives monthly payments to low-income adults and children with disabilities or blindness.
SSI payments are also provided to financially eligible people age 65 and older without disabilities.
The payments that will be made on May 1 will have different amounts of money depending on the type of taxpayer: if you are a single person, if you pay taxes together with your partner, or if you are an essential person.
Couples will receive $1,371, and essential individuals, who are those who live with someone who receives SSI payments and who needs care for a health condition, will receive their monthly payment of $458.
Individual contributors will receive $914 dollars.
Typically, recipients receive their money on the first day of each month. But if the first day falls on a weekend or holiday, the Social Security Administration advances it to the last business day of the previous month.
Sometimes, recipients receive two checks in the same month because the next month’s payment is advanced. But at the end of the year, they will still only receive twelve checks total.
There are four months in which two payments will be delivered this 2023: March, June, September and December. This is because the first day of the month falls on a weekend in April, July, and October, and January 1 is a holiday.
· COLA that determines amount in Social Security checks would drop to 2% or even less in 2024 due to inflation levels
They anticipate a drop in the amount of the Social Security check for 2024 after a considerable increase by COLA of 8.7% this year
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