Introduction
In this article, we will discuss the calendar for SSI payments in 2024. SSI or Supplemental Security Income is a federal program that provides assistance to disabled individuals and those who are over the age of 65 with limited income and resources. The SSI payments are made on a monthly basis and the calendar for these payments is important for the recipients to plan their finances accordingly.
When are the SSI Payments Made?
The SSI payments are made on the first of every month, unless the first falls on a weekend or holiday. In that case, the payment is made on the preceding business day. For example, if the first of the month falls on a Saturday, the payment is made on the preceding Friday. If the first of the month falls on a Sunday, the payment is made on the preceding Friday.
What is the Calendar for SSI Payments in 2024?
The calendar for SSI payments in 2024 is as follows:
– January 1, 2024
– February 1, 2024
– March 1, 2024
– April 1, 2024
– May 1, 2024
– June 3, 2024
– July 1, 2024
– August 1, 2024
– September 3, 2024
– October 1, 2024
– November 1, 2024
– December 2, 2024
Why are the Payments Delayed in June and September?
The SSI payments are delayed in June and September because of the federal holidays. In June, the payment is delayed because of the Memorial Day holiday, which is observed on the last Monday of May. In September, the payment is delayed because of the Labor Day holiday, which is observed on the first Monday of September. The payment is made on the following business day after the holiday.
What Happens if the Payment is Delayed?
If the SSI payment is delayed, the recipient should contact the Social Security Administration (SSA) to inquire about the delay. The SSA can be reached by phone or online. The recipient should have their Social Security number and other personal information ready when they contact the SSA.
Can the Payment be Direct Deposited?
Yes, the SSI payment can be direct deposited into a bank account. The recipient can set up direct deposit by contacting their bank or the SSA. Direct deposit is a convenient way to receive the payment and eliminates the need to wait for a check to arrive in the mail.
Conclusion
In conclusion, the calendar for SSI payments in 2024 is important for the recipients to plan their finances. The SSI payments are made on the first of every month, unless the first falls on a weekend or holiday. The payments are delayed in June and September because of the federal holidays. If the payment is delayed, the recipient should contact the SSA to inquire about the delay. Direct deposit is a convenient way to receive the payment.
Question and Answer
Q. What is SSI?
SSI or Supplemental Security Income is a federal program that provides assistance to disabled individuals and those who are over the age of 65 with limited income and resources.
Q. When are the SSI payments made?
The SSI payments are made on the first of every month, unless the first falls on a weekend or holiday.
Q. Can the SSI payment be direct deposited?
Yes, the SSI payment can be direct deposited into a bank account.