Which day of the month can you expect your Social Security check?

Each month, beneficiaries receive Social Security retirement payouts. Benefits are paid the month after the month in which they’re due. For example, a recipient would get June’s benefit in July, but which day of the month does the check arrive?

When a person receives their payment is determined by various factors. These include their birth date and the record on which the benefits are being claimed:

If you have benefits on your record, the exact day you get them is determined by your date of birth.

If you’re getting benefits on someone else’s record, such as for a deceased spouse, the payment date will be determined by their date of birth.

Those getting spousal benefits under their live spouse will also receive benefits based on the date of birth of their spouse.

Schedule of Social Security payments

The following is the payment schedule:

Those who began receiving Social Security payments before May 1997 get them on the third of each month. If the third of the month comes on a Sunday, the payments are made on the preceding Friday. Suppose you receive both Social Security and Supplemental Security Income (SSI). In that case, you receive Social Security payments on the third of each month and your SSI benefits on the first.

Supplemental Security Income (SSI) is a government program that provides supplemental income to handicapped, blind, and elderly individuals and families with limited income. SSI benefits are paid by the Social Security Administration (SSA). However, the program is supported by general tax revenues rather than Social Security taxes.

How will you get your Social Security check?

If you haven’t already, setting up direct deposit is one of the best methods to ensure that you receive your Social Security payment on time. That’s possible when first applying for Social Security benefits. If you haven’t signed up for direct deposit at the time, you can do so now using your mySocialSecurity account.

With a mySocialSecurity account, you may have access to a site where you can manage many of your Social Security needs. You may use mySocialSecurity to seek a new Social Security card and estimate your future benefits, among other things. You may also set up your benefits to be paid by direct deposit using this platform. To create an account, you don’t need to be a retiree or receive Social Security benefits.

Another option for opening an account is to call the Social Security Administration (SSA) toll-free at 1-800-772-1213.

Those who don’t have a bank account can use the Direct Express card program to receive payments. With this program, deposits from federal payments, such as Social Security benefits, can be sent straight to the recipient’s card. To enroll in the program, contact 1-800-333-1795 or visit www.godirect.org.

Can I get my money by check?

When registering for Social Security or SSI benefits, you must choose whether to receive your benefit payments online (through direct deposit or Direct Express). According to the SSA, if you now get your benefit payment by check, you must switch to one of the electronic payment methods.

There are some exceptions, but benefit payments must generally be sent through one of the two electronic modes: direct deposit or Direct Express.

Is Social Security income taxed?

According to the Social Security Administration, approximately 40% of all people receiving Social Security benefits will be required to pay taxes on those payments.

You should expect to pay taxes on your benefit if your income exceeds $25,000 and you submit an individual federal tax return.

You must pay taxes if you submit a joint return and your combined income exceeds $32,000. According to the SSA, if you’re married but filing separately, you’ll likely have to pay taxes on your benefits.

Contact Information:
Email: [email protected]
Phone: 6122163911

Bio:
Mickey Elfenbein specializes in working with Federal Employees relative to their retirement benefit plans, FEGLI, TSP, Social Security and Medicare, issues and solutions. Mr. Elfenbein’s mission is to help federal employees to understand their benefits, and to maximize their financial retirements while minimizing risk. Many of the federal benefit programs in place are complicated to understand and go through numerous revisions. It is Mr. Elfenbein’s job to be an expert on the various programs and to stay on top of changes.

Mickey enjoys in providing an individualized and complimentary retirement analysis for federal employees.

He has over 30 years of senior level experience in a variety of public and private enterprises, understands the needs of federal employees, and has expertise built on many years of high-level experience.