Is your Social Security payment due in less than 48 hours? Have you checked? If you were born between the first and tenth of any given month, this might be the case.
You have to fulfill other conditions and have filed before you may receive this direct deposit or cheque for up to $3,822. For instance, you are not eligible to receive Supplemental Security Income (SSI).
Being on benefits after April 30, 1997, is another crucial prerequisite for getting the December 11, 2024, Social Security payment. A fresh payment will be made on January 3, 2025, to anyone who received benefits prior to May 1997.
Who will receive a Social Security payment of up to $3,822 in 9 days?
On December 18, additional payments will be made by the Social Security Administration (SSA). However, you are not eligible for it if:
- you are on SSI
- you have broken SSA rules
- you got benefits before May 1997
Therefore, your next paycheck will be on December 18, 2024, if you are not in that circumstance and your birthday falls between the 11th and the 20th. Keep in mind that your prior employment history and income will determine how much you get paid.
66-67-year-olds who will get $3,822 from Social Security
To be clear, any eligible retiree who is 62 years of age or older is welcome to attend the December 11 and December 18 events. But you have to be at least 66 years and 8 months old to get up to $3,822.
That is the 2024 Full Retirement Age. Keep in mind that you must have filed at Full Retirement Age, earned the taxable maximum for 35 years, and held Social Security-covered employment during that time in order to get the largest amount at that age.
The maximum amount for those who decide to wait and file in 2024 at age 70 is $4,873. That is a lot more than the biggest Social Security benefit payout in 2024. Therefore, postponing retirement increases your payout.
See Also: USCIS Says These Immigrants Will Get a Bonus for Filing for a Green Card
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Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.