Tap Now to Discover the NEW Pay Day for SSI Payments: $967 with the 2025 COLA Boost
In 2024, an individual in the United States who qualifies for Supplemental Security Income (SSI) will get up to $943. However, there has been a 2.5% COLA rise, which will not take effect until December 31, 2024. How can an SSI payment be due on December 31 when it is generally due on the first of the month? This is because January 1, 2025, is a federal holiday. In 2024, retirees can expect to receive a cheque or direct payment for up to $967.
Other SSI amounts on December 3 are due to COLA:
Depending on your payment amount, you may receive more or less money following this boost.
- Five additional dollars if your SSI check is worth $200.
- 7.5 more dollars if your cheque is worth $300.
- If your check is worth $400, you will receive an additional $10.
- 12.5 more dollars if your cheque is worth $500.
- If your check is worth $600, you will receive an additional $15.
- 17.5 additional dollars if your cheque is worth $700.
- If your check is worth $800, you will receive an additional $20
- If your check is worth $1,000, you will receive an additional $25.
Who can get over $967 from their December 31, 2024 SSI payout?
The maximum SSI benefit for these recipients is $1,450 if they are a married couple. This sum has increased from $1,415.As a result, the 2025 COLA will provide a 35-dollar bump. An essential individual may also be eligible for Supplemental Security Income payments. However, the maximum amount for these individuals will increase to $484, up from $472. For your information, SSI can be used by those with low incomes and few or no resources. Nonetheless, there is one more criterion among these three: being at least 65 years old, having a disability, or being blind. It would be an excellent addition if you received a low Social Security cheque.
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