Written By: Anushka
Two Social Security payments remain in July for retirees and SSDI beneficiaries. Learn the exact dates and amounts.
To qualify for retirement benefits, you must work, pay Social Security taxes, and earn credits. 40 credits are needed for eligibility.
SSDI benefits require proof of disability preventing substantial gainful activity. Payroll taxes and meeting Social Security’s definition of disability are also needed.
Some may qualify for both SSDI and SSI benefits. Only one application is needed, but monthly income cannot exceed the SSI limit.
Social Security will deliver a $1,900 payment to retirees and a $1,537 check to disabled people on July 24th.
Payment amounts vary by age and contributions. For example, age 62 retirees may receive $2,710, while age 70 retirees could get $4,873.
Survivors receive monthly deposits based on the deceased beneficiary’s circumstances, including special payments for children.