2023 Social Security supplemental income — millions to receive $1,828 in payments next month — but will be canceled in April

MILLIONS of Americans receiving Supplemental Security Income will receive a larger payment of $1,828 for March.

There will be no payment in April as the beneficiaries will receive two payments of $914 on March 1st and March 31st.

The second check in March is payment for April.

However, April 1st falls on a Saturday, so the payment will be sent one day earlier on March 31st.

June, September and December also have two payments due to weekends and holidays.

33 states are now sending their own back payments.

Read our SSI Live Blog for the latest news and updates…

  • What is SSI?

    Operated by the Social Security Administration (SSA), SSI aims to help people over the age of 65, as well as blind and disabled people with little or no income.

    In general, the more income you have, the lower your SSI grant will be.

    A wide range of payments and earnings do not count as “earnings,” although the first $20 of most earnings in a month is included.

    There are four types of income for SSI – Earned Income, Unearned Income, In-kind Income, and Notional Income.

    You can check what does not count as income on the SSA website.

  • SSI checks are bigger this year

    The cost of living adjustment for 2023 was 8.7 percent, increasing SSI payments from $841 to $914.

    There are 12 payments per year, with most Americans earning their benefits on the first of the month unless it’s a holiday or weekend.

    Because of this, there will be duplicate payments in March, June, September and December this year.

  • The benefits depend on your retirement age

    The exact benefit you receive depends on your retirement age.

    If you wait until your full retirement age (FRA) you can receive full benefits.

    However, this age varies depending on the year of birth.

    If you disregard your FRA and delay claiming until you are 70, your benefit amount will increase.

    The following is a breakdown of the FRAs:

    • Year of birth: 1943-1954, FRA: 66
    • Year of birth: 1955, FRA: 66 and two months
    • Year of birth: 1956, FRA: 66 and four months
    • Year of birth: 1957, FRA: 66 and six months
    • Year of birth: 1958, FRA: 66 and eight months
    • Year of birth: 1959, FRA: 66 and 10 months
    • Year of birth: 1960 and later, FRA: 67
  • The next checks are pending

    February SSI payment was disbursed.

    Beneficiaries can expect to receive their benefits for the remainder of the year on the following dates:

    • 1st March
    • March 31
    • 1st of May
    • June 1st
    • June 30th
    • August 1st
    • September 1
    • 09/29
    • 1st of November
    • December 1
    • December 29 (based on COLA 2024)
  • Definition of income types for SSI

    The four types of income for SSI are as follows:

    • earned income: Net income from self-employment, certain royalties, fees and payments for sheltered workshops.
    • Unearned Income: Any unearned income such as Social Security benefits, pensions, state disability payments, unemployment benefits, interest income, dividends, and cash from friends and family.
    • income in kind: Food, shelter, or both, that you receive for free or for less than their fair market value.
    • Assumed Income: Income of your spouse with whom you live, your parents with whom you live or your guarantor.

https://www.the-sun.com/money/7452340/social-security-supplemental-income-live-2023-march-payments/ 2023 Social Security supplemental income — millions to receive $1,828 in payments next month — but will be canceled in April

TaraSubramaniam

TaraSubramaniam is a Dailynationtoday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. TaraSubramaniam joined Dailynationtoday in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: tarasubramaniam@dailynationtoday.com.

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