MILLION Americans will receive up to $1,657 worth of Social Security payments this week.
Seniors born from the age of 21st and 31st of the month will receive benefits on Wednesday.
Benefits have increased by $92 from 1,565, and seniors can start claiming cash between the ages of 62 and 70.
Those aged 66-67 can get up to $3,345 per month.
But a few seniors can get the maximum number of SS is $4,194 if they meet certain criteria.
Retirees must wait until age 70 before claiming benefits, and they must have worked in Social Security-approved jobs for at least 35 years.
If you work fewer years, the zeros you accumulate will affect how much you can get, Stupid report.
Beneficiaries must also earn the minimum that is subject to Social Security taxes in order to get the bounties.
Read ours COLA’s Live Blog for the latest news and updates…
In 2022, the salary cap is $147,000 — up from $142,800 in 2021 — an increase of $4,200. In 2017, the Social Security salary limit was $127,200.
To get the maximum benefit, the senior must be a high earner for the duration of the employment.
Recipient of Supplemental Security Income (SSI) only had to wait a few days for their next payment to be sent on March 1st.
More than eight million people around the country receive SSI, according to the Social Security Administration.
This year, the maximum amount for individuals has increased to $841 from $794.
The benefit is $1,261 for a married couple if both spouses are eligible for SSI.
Americans can get both SSI and Social Security benefits.
If this applies to you, you’ll receive your next Social Security payment on March 3.
BOOK CASH BILLION
Benefits will also be sent on that date to Americans who received Social Security before May 1997.
Americans have been warned about the rulethat could catch them off guard.
If your current spouse is not eligible for benefits on their own, they can claim benefits based on your income.
One Ex-spouse can also claim benefits based on your income.
To qualify on your application, ex-spouse must have been married to you for at least 10 years. They must be 62 years of age or older and unmarried.
They cannot qualify for equal or greater benefits on their own Social Security records or in someone else’s Social Security records.
If the ex-spouse is eligible for retirement benefits on their own file, SSA will pay that amount first.
If the benefit on your claim is higher, they will receive an additional amount on your claim to combine benefits equal to that higher amount.
Americans have been warned that if they decide to work while still receiving retirement benefits, their SS benefits will be reduced or stopped altogether.
If you are younger than your full retirement age (FRA) and earn more than a certain amount, your benefits will be reduced.
And, delayed retirement credit not available for spousal benefit.
We pay for your stories!
Do you have a story for the American team The Sun?
https://www.the-sun.com/money/4730828/social-security-payments-seniors-payment-february/ Millions of Americans will receive their $1,657 Social Security payment this week…see if you qualify.