The 2 Remaining Social Security Payments in July – Exact Check Payment Dates

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Are you curious about the remaining Social Security payments for July? If you’re a retired worker or a beneficiary from the Social Security Disability Insurance (SSDI) program, there’s good news! The Social Security Administration (SSA) has confirmed two more payments scheduled this month.

About 67 million Americans receive Social Security benefits, with the majority being elderly, while the rest include young survivors of deceased workers and SSDI recipients. Let’s cut into the details about these payments and the eligibility requirements.

Eligibility

To qualify for retirement benefits, you must have worked and paid Social Security taxes, either through payroll deductions (FICA) or self-employment taxes. The taxes you pay on your wages earn you credits, with a maximum of four credits per year. Accumulate 40 lifetime credits, and you may be eligible for Social Security payments.

Disability

For disability benefits, you need to prove that your disability prevents you from working or engaging in substantial gainful activity (SGA). This involves meeting Social Security’s definition of disability, which includes being at imminent risk of death or being unable to work due to a significant medical condition lasting over 12 months. Additionally, some may qualify for Supplemental Security Income (SSI) benefits alongside SSDI, with no need to submit separate applications.

Upcoming Payments

This month, the SSA will deliver two significant payments. Retired workers who meet the criteria will receive an average payment of $1,900 on Wednesday, July 24th. Disabled individuals will receive an average of $1,537. Payment amounts can vary based on the age at which benefits were claimed and the Social Security contributions made over a lifetime.

Here’s a breakdown of the confirmed monthly checks:

Social Security PaymentsRetireesSurvivorsDisabled Individuals
On Average$1,900$1,505$1,537
Other PaymentsAge 62: $2,710<br>Age 67: $3,822<br>Age 70: $4,873Individual: $1,773<br>2 Children: $3,653Blind Recipients: $2,590<br>Maximum Payment: $3,822

Don’t forget that the SSA also provides monthly payments for survivors. These payments depend on the circumstances of the deceased beneficiary and can vary, especially if there are children involved.

Knowing and applying for Social Security payments can be complex. It’s always best to consult a financial advisor or Social Security expert to ensure you meet all requirements and know your specific circumstances.

In summary, if you qualify for Social Security benefits, make sure you’re aware of the exact payment dates and the criteria for eligibility. The upcoming payments can significantly support retirees and disabled individuals, providing financial stability and peace of mind.

FAQs

When is the next Social Security payment?

The next payment is on Wednesday, July 24th.

How much is the average retirement payment?

The average payment for retirees is $1,900.

What is the average payment for disabled individuals?

The average payment for disabled individuals is $1,537.

Can I receive both SSDI and SSI benefits?

Yes, some may qualify for both SSDI and SSI benefits.

Do survivors receive Social Security payments?

Yes, survivors receive payments based on the deceased beneficiary’s circumstances.

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