SSI Recipients: $967 Payment With COLA Increase Won’t Be Sent on January 1—New Date Announced

By Ronald Rodriguez Last updated Nov 27, 2024

The Supplemental Security Income (SSI) payment is up to $943 for an individual who qualifies in the United States in 2024. However, there has been a 2.5% COLA increase, which will not come into effect until December 31, 2024.

How can an SSI payment be due on December 31 if they are usually due on the first day of the month? This is because January 1, 2025, is a Federal Holiday. So, retirees can receive their check or direct deposit worth up to $967 in 2024.

Other SSI amounts on December 31 due to COLA

Depending on your payment amount, you can receive more or less money after this boost. For example, if your Supplemental Security Income payment is worth $100, you will only receive 2.5 dollars extra from December 31 onward.

That means:

5 extra dollars if your SSI check is worth $200
7.5 extra dollars if your check is worth $300
10 extra dollars if your check is worth $400
12.5 extra dollars if your check is worth $500
15 extra dollars if your check is worth $600
17.5 extra dollars if your check is worth $700
20 extra dollars if your check is worth $800
25 extra dollars if your check is worth $1,000

Who can receive more than $967 from their SSI payment on Dec. 31, 2024?

$300 Social Security Benefit Cut Confirmed: New Date Revealed, May Arrive Sooner Than Expected

The largest SSI payment for these recipients is $1,450 if you are an eligible married couple. This amount is up from $1,415. Therefore, there will be a boost of 35 dollars thanks to the 2025 COLA.

An essential person may also receive Supplemental Security Income payments. However, the maximum amount for these recipients will be up to $484, up from $472.

For your information, SSI can be for people who have a low income and little or no resources. Nevertheless, there is one more condition out of these 3, being at least 65 years old, having a disability, or being blind. It will be a great supplement if you have a low Social Security (retirement or SSDI) check.