Key takeaways
Social Security provides retirement, disability, and survivors benefits
The Social Security payment schedule is based on your birthday — except for SSI, which is paid on the 1st of every month
If the 1st is a weekend or holiday, you will receive your SSI payment early
You can receive benefits payment through direct deposit or a prepaid card
The Social Security Administration (SSA) provides benefits for retired Americans, as well as disabled workers and individuals, spouses of workers, and widows and widowers. If you paid Social Security tax during the course of your life, you will be eligible to apply for Social Security benefits come retirement. The average Social Security benefit for retired individuals was $1,827 as of January 2023.
If you’re receiving Social Security, you will get your retirement or disability benefits as a lump sum payment each month. The payment dates for Social Security are set by the SSA and may be based on your birthday, depending on the type of benefit you are receiving.
Recipients of retirement benefits, spousal benefits, and disability benefits from Social Security Disability Insurance (SSDI) will receive monthly payments based their birthday:
Birthday | Payment date |
|---|
1st - 10th | Second Wednesday |
11th - 20th | Third Wednesday |
21st - 31st | Fourth Wednesday |
Supplemental Security Income (SSI) follows a different payment schedule — it’s paid on the 1st of each month. We’ll take a detailed look at the different Social Security payment schedules, including the exact payment dates for 2023.
In this article:
Monthly payment dates for Social Security in 2023
Payment dates for Supplemental Security Income (SSI)
Receiving Social Security payments
Monthly payment dates for Social Security in 2023
You can find a list of the exact payment dates below, based on your birthday.
If your birthday falls between the 1st and 10th:
January 11
February 8
March 8
April 12
May 10
June 14
July 12
August 9
September 13
October 11
November 8
December 13
If your birthday falls between the 11th and 20th:
January 18
February 15
March 15
April 19
May 17
June 21
July 19
August 16
September 20
October 18
November 15
December 20
If your birthday falls between the 21st and 31st
January 25
February 22
March 22
April 26
May 24
June 28
July 26
August 23
September 27
October 25
November 22
December 27
Payment dates for Supplemental Security Income (SSI)
Individuals with a disability who also have limited income and resources can get Supplemental Security Income (SSI). Most SSI recipients are also eligible for Medicaid, which provides health insurance for vulnerable, low-income Americans.
SSI benefits are paid on the 1st of every month. If the 1st is a holiday or weekend, you will receive your payment early.
This is the SSI payment schedule for 2023:
February 1
March 1
March 31
May 1
June 1
June 30
August 1
September 1
September 29
November 1
December 1
December 29
Receiving Social Security payments
Social Security benefits are only paid out electronically; you will not receive a Social Security check in the mail. You can either receive a direct deposit into your bank account or opt for a prepaid debit card. When you apply to receive your Social Security benefits, you will have the chance to provide your account number and the routing number of your bank or credit union.
Tax on Social Security benefits
You may have to pay taxes on your Social Security benefit, depending on your income level. If your retirement income is over a certain amount, then part of your Social Security benefits may be taxable.
Single-filers with an income between $25,000 and $34,000 will have to pay income tax on up to 50% of their benefits. If they make more than $34,000, then up to 85% of the benefits may be taxable.
Married individuals who file jointly may have to pay income tax on 50% of the benefits if their income is between $32,000 and $44,000. They will have to pay taxes on up to 85% of the benefit if they make more than $44,000.
Keep this in mind when filing your tax return. You may also be able to withhold your taxes from your Social Security benefits payments, so you aren’t stuck with a large tax bill on Tax Day. Check your SSA account online or visit your local Social Security office for more information.
Author
Elissa SuhSenior Editor & Disability Insurance Expert
Elissa Suh is a disability insurance expert and a former senior editor at Policygenius, where she also covered wills, trusts, and advance planning. Her work has appeared in MarketWatch, CNBC, PBS, Inverse, The Philadelphia Inquirer, and more.
Editor
Myles Ma, CPFCSenior Reporter
Myles Ma, CPFC, is a certified personal finance counselor and former senior reporter at Policygenius, where he covered insurance and personal finance. His expertise has been featured in The Washington Post, PBS, CNBC, CBS News, USA Today, HuffPost, Salon, Inc. Magazine, MarketWatch, and elsewhere.
Questions about this page? Email us ateditorial@policygenius.com.
FAQs
You should meet qualify through the $134/Day April Eligibility 2024 to get the Social Security Benefits from SSA. Being an American citizen and permanent resident is vital. You have to be at least 64 years old. You can't make more than $75,000 a year.
What is the Social Security payment schedule for 2024? ›
Social Security Insurance Payment Schedule 2024
| Second Wednesday | Fourth Wednesday |
|---|
| March | March 13, 2024 | March 27, 2024 |
| April | April 10, 2024 | April 24, 2024 |
| May | May 8, 2024 | May 22, 2024 |
| June | June 12, 2024 | June 26, 2024 |
8 more rowsYou should meet qualify through the $134/Day April Eligibility 2024 to get the Social Security Benefits from SSA. Being an American citizen and permanent resident is vital. You have to be at least 64 years old. You can't make more than $75,000 a year.
How much can I earn while on Social Security in 2024 at age 62? ›
If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age is $59,520. Starting with the month you reach full retirement age, there is no limit on how much you can earn and still receive your benefits.
What day will Social Security be deposited this month? ›
Social Security payments typically occur on the third of each month, as well as on the second, third and fourth Wednesday of each month.
At what age is Social Security no longer taxed? ›
Social Security tax FAQs
Social Security income can be taxable no matter how old you are. It all depends on whether your total combined income exceeds a certain level set for your filing status. You may have heard that Social Security income is not taxed after age 70; this is false.
When someone dies, when do they get their last Social Security check? ›
The SSA cannot pay benefits for the month of a recipient's death. That means if the person died in July, the check or direct deposit received in August (which is payment for July) must be returned.
How many days does April 2024 have? ›
Breakdown of Days in 2024
January has 31 days, February has 29 days, March has 31 days, April has 30 days, May has 31 days, June has 30 days, July has 31 days, August has 31 days, September has 30 days, October has 31 days, November has 30 days, and December has 31 days.
What are the dates for federal fiscal year 2024? ›
(Fiscal year 2024 will begin on October 1, 2023, and end on September 30, 2024.) The Budget also covers the nine years following the budget year in order to reflect the effects of budget decisions over the longer term.
What calendar can I use for 2024? ›
The 2024 calendar will be a perfectly identical match to the 1996 calendar. The seven years that share the same calendar in the current 200-year timeframe include 1940, 1968, 1996, 2024, 2052, 2080 and 2120, according to timeanddate.com.
Are Social Security Benefits (Income) Taxable? If your combined income is above a certain limit (the IRS calls this limit the base amount), you will need to pay at least some tax. The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child.
What income counts against Social Security? ›
When we figure out how much to deduct from your benefits, we count only the wages you make from your job or your net earnings if you're self-employed. We include bonuses, commissions, and vacation pay.
Can I get a tax refund if my only income is Social Security? ›
You would not be required to file a tax return. But you might want to file a return, because even though you are not required to pay taxes on your Social Security, you may be able to get a refund of any money withheld from your paycheck for taxes.
At what age do you get 100% of your Social Security? ›
The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67.
What is the $16728 Social Security bonus? ›
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
What time does Social Security direct deposit hit? ›
Social Security retirement, disability, survivor and other benefits usually post to your bank account or Direct Express debit card at 12:01 a.m. on your scheduled payment date. If your payment is due to arrive on September 6, for example, that means it'll be deposited at the dawn of the day on September 6.
How do I get the $16728 Social Security bonus? ›
There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
Who qualifies for an extra $144 added to their Social Security? ›
You must be enrolled in Original Medicare and pay your Part B premiums without state or local financial aid to be eligible for the giveback. Only some Medicare Advantage Plans offer this benefit, and in select service areas.
When a husband dies, does his wife get his Social Security? ›
Social Security survivors benefits are paid to widows, widowers, and dependents of eligible workers. This benefit is particularly important for young families with children.
What is the average Social Security check at 62? ›
According to the SSA's Office of the Actuary, retired-worker beneficiaries who were 62 years old in December 2023 received an average check of $1,298.26. As for 67-year-old retired-worker beneficiaries, the average payout was a more robust $1,883.50.
