This month, Social Security payments will follow their standard distribution schedule. However, recipients who have been overpaid by the Social Security Administration (SSA) may see a reduction in their checks as the agency plans to withhold 50% of benefits for those who have not yet started repaying overpayments. Although the exact number of affected recipients is unknown, the SSA sought to reclaim overpayments from approximately 2 million individuals in the fiscal year that concluded in September 2023.
Social Security benefits, predominantly intended for older or retired individuals, are typically paid on Wednesdays, with the payment date based on the recipient’s birthdate. Recipients born between the 1st and 10th will receive payments on July 9, those born between the 11th and 20th will be paid on July 16, and those born after the 20th will receive their payments on July 23.
July payments for Supplemental Security Income (SSI) will be sent out on the first business day of the month, which is Tuesday, July 1. Dates for SSI payments in 2025 have also been released, listing payment days for the coming months through the end of the year.
Supplemental Security Income is designed to help those with limited income or resources, including individuals aged 65 and older, and those with qualifying disabilities, including children. Adults applying for SSI must typically have monthly wages below $2,019. Applications can be submitted online, in person, or by calling the SSA.
This information is crucial for beneficiaries to manage their finances effectively and stay informed about potential changes to their benefits. Keeping track of payment schedules can help recipients budget wisely and avoid any surprises in their monthly income.