Social Security Payments for August: When You’ll Get Your Money

The primary spherical of Social Safety funds was disbursed this week for the month of August, however there’s extra to come back. Roughly 65 million People obtain Social Safety advantages, so the Social Safety Administration sends out its month-to-month checks in 4 batches to handle the large quantity of mailing obligatory. The subsequent cost can be despatched out subsequent week. 

As a result of hovering inflation we have seen over the previous yr, Social Safety advantages might quickly see their largest enhance in 40 years. You need to obtain a letter in December informing you of your profit charge for the following yr. You can too entry your advantages on-line on the Social Safety Administration’s web site.

See beneath to search out out while you’ll get your subsequent Social Safety test and the way your cost date is decided. For extra, this is methods to substitute your Social Safety card and methods to know when it is secure to share your Social Safety quantity. Additionally, this is what you must find out about altering your Social Safety quantity. And listed below are the states taking a look at increasing little one tax credit.

Learn extra: Stimulus Checks: 18 States Are Sending Tax Rebates to Residents

How are Social Safety cost dates decided?

The Social Safety Administration sends out funds on three completely different Wednesdays of every month — the second, third and fourth Wednesday. The Wednesday you will get your cash all will depend on your beginning date. We’ll break it down.

• In case your birthday falls between the first and tenth of the month, your cost can be despatched out on the second Wednesday of the month.
• In case your birthday falls between the eleventh and twentieth of the month, your cost can be despatched out on the third Wednesday of the month.
• In case your birthday falls between the twenty first and thirty first of the month, your cost can be despatched out on the fourth Wednesday of the month.

See the August schedule beneath.

What if I obtain each Social Safety and SSI?

If you happen to acquired Social Safety advantages earlier than Might 1997, or should you obtain each Social Safety and Supplemental Safety Earnings, the cost schedule is completely different. As an alternative, you will obtain your Social Safety cost on the third day of every month and your SSI on the primary day of every month.

Nonetheless, these cost dates change if the first or third of the month falls on a weekend. As an example, April 3 fell on a Sunday this yr so you’d’ve acquired your Social Safety cost two days early, on April 1.

When will I get my August Social Safety test?

This is the August schedule (PDF) for when you can get your Social Safety test and/or SSI cash.

• August 1: Fee for individuals who obtain SSI.
• August 3: Social Safety cost for individuals who obtain each SSI and Social Safety, or have acquired Social Safety since earlier than Might 1997. 
• August 10: Social Safety cost for these with birthdays falling between the primary and tenth of any given month.
• August 17: Social Safety cost for these with birthdays falling between the eleventh and twentieth of any given month.
• August 24: Social Safety cost for these with birthdays falling between the twenty first and thirty first of any given month.

Observe that July 27 was the ultimate cost date for June.

What if I do not obtain my test on the anticipated date?

In case your test would not arrive on the date listed above primarily based in your beginning date or different circumstances, the Social Safety Administration says to attend three further mailing days earlier than calling. If you happen to nonetheless have not acquired it, you possibly can then name 800-772-1213 to talk with a consultant. 

The SSA notes that wait occasions to talk with a consultant are shorter Wednesday by Friday and later within the day (between 4 p.m. and seven p.m. native time).

When you wait, you can even entry your Social Safety advantages on-line by visiting ssa.gov/myaccount.

We’ll replace this story every month because the cost dates change.