Within 19 days, millions of Supplemental Security Income (SSI) recipients will receive a significant March payment, which could reach up to $943 dollars for those who file taxes individually.
This payment, scheduled for March 1, is the second disbursement of 2024, taking into account that no payments were made in January because they were advanced in December.
The maximum amount that each beneficiary can receive through this program varies depending on the method in which they declare taxes: individually or jointly.
So-called essential people, who are those who live and care for SSI beneficiaries, can also receive payments.
The maximum amounts established are $943 dollars per month for individual applicants, $1,415 for couples filing jointly, and $472 for essential people.
Payments have an increase of 3.2% compared to the previous year as an adjustment for inflation.
Importantly, not all beneficiaries will receive the maximum amount, but they can get a personalized estimate through the SSA calculator.
To be eligible for SSI, you must have limited income and be totally or partially blind or have a physical or mental condition that seriously limits daily activities for a period of time. 12 month period or more, or that is expected to result in death.
These payments are in addition to regular Social Security benefits, providing monthly financial support to adults and children with visual impairments or other disabilities and with limited income.
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– Social Security: who will receive payments of $943 dollars on March 1
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