Social Security update: July direct payment worth $943 goes out in one day

In one day, the monthly Supplemental Security Income check worth up to $943 for individual filers will be sent out to eligible recipients.

The Social Security Administration will issue SSI payments to eligible citizens on July 1, in accordance with the SSA mandate that benefits must be given to recipients by the first day of the month.

This requirement for recipients to get their checks by the first of the month means that when the first day of a month falls on a weekend or a holiday, the Social Security Administration issues SSI checks the business day prior. For the remainder of 2024, this will happen for payments scheduled for September and December.

The amount which SSI checks are worth for beneficiaries depends on their status, with individuals getting monthly $914 payments and eligible couples receiving $1,415 payments per month. Essential persons – who are people who live with someone receiving SSI and provide them with necessary care – get monthly payments of $472 from the program.

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The first SSI payments were sent out to recipients by the Social Security Administration in January 1974, with payment rates being adjusted in line with cost of living since 1975, according to the agency.

Supplemental Security Income checks are different from other payments sent out by the Social Security Administration. Regular Social Security payments are issued on a different schedule each month from SSI payments and are dependent on the recipient's day of birth. Those checks are sent in three waves each month.