January 2024’s Social Security Payments Are Rolling Out! Is Your Big Check Arriving This Week?

As we usher in the new year, Social Security beneficiaries can look forward to a welcome increase in their checks. The Cost of Living Adjustment (COLA) for January 2024 has been set at 3.2%, and the first round of these enhanced payments is slated to begin distribution this week. This article will guide you through the details of when to expect your Social Security payment and how the dates are determined, ensuring you’re well-informed about your finances in the coming year.

January 2024 Social Security Payment Schedule

The Social Security Administration (SSA) has a structured schedule for disbursing payments, primarily based on the recipient’s birth date. Here’s a breakdown of when you can expect your payment:

  • December 29, 2023: January payments for Supplemental Security Income (SSI) recipients.
  • January 3, 2024: Payments for those who have been receiving Social Security benefits since before May 1997.
  • January 10, 2024: Payments for beneficiaries with birthdays between the 1st and 10th of any month.
  • January 17, 2024: Payments for those with birthdays between the 11th and 20th.
  • January 24, 2024: Payments for individuals with birthdays from the 21st to the end of the month.

Determining Your Payment Date

The SSA typically sends out Social Security payments on the second, third, and fourth Wednesdays of each month. Your birth date determines which Wednesday your payment is dispatched:

  • Birthdays from the 1st to 10th: Second Wednesday.
  • Birthdays from the 11th to 20th: Third Wednesday.
  • Birthdays from the 21st to 31st: Fourth Wednesday.

SSI payments are generally issued on the first of each month, with some exceptions.

Special Cases for Social Security and SSI Recipients

If you began receiving Social Security benefits before May 1997 or if you receive both Social Security and SSI, your payment schedule differs slightly. In these cases, Social Security payments are made on the third day of each month, and SSI payments on the first day. If these dates fall on a weekend or holiday, the payments are adjusted accordingly. For instance, since January 1 is a holiday, SSI recipients received their January 2024 payment on December 29, 2023, and their Social Security payment on January 3, 2024.

What to Do If Your Payment Is Delayed

If your Social Security check does not arrive on the expected date, the SSA advises waiting an additional three mailing days before contacting them. You can reach out to a representative at 800-772-1213, with shorter wait times typically occurring Wednesday through Friday and between 4 p.m. and 7 p.m. on weekdays. Additionally, you can access your Social Security benefits information online.

This comprehensive guide ensures that you’re fully prepared for the January 2024 Social Security payments, helping you plan your finances effectively for the start of the new year.

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