Social Security Administration (SSA) is the agency that provides all types of benefits to the retired citizens of America. It is also responsible to provide benefits to disabled individuals as well as government workers, widows, and widowers along with the spouses of the workers. when will I receive my social security check this month?
A major part of the population of America is dependent upon these benefits. Every month as the date strikes 1st they start thinking when will I receive my social security check this month?
The Social Security Administration is liable to provide benefits if a person has paid his/her social security taxes all through their life. An average social security benefit given to a retired individual is $1,522.70 as of November 2020.
According to the new Coronavirus Relief Bill of $1.4 trillion, the recipients of social security will also receive stimulus checks to maintain their lifestyle and fulfill necessities amidst the pandemic.
If a person is receiving the social security benefits; he/she will receive the benefits associated with disability and retirement collectively as a lump sum every month.
The social security payment dates are pre-set by the Social Security Administration following the birthdays of the recipients. The receiving dates also depend upon the kind of benefits a person is entitled to receive.
The recipients of benefits of social security such as Retirement benefits, Disability benefits, and Spousal benefits get their respective payments monthly, instead of on their birthdays.
Payment Dates for Social Security in the Year 2021
These are the projected dates to receive the payments according to the birthdays:
if a person’s birthday comes between the 1st and 10th of a month:
- January 13
- February 10
- March 10
- April 14
- May 12
- June 9
- July 14
- August 11
- September 8
- October 13
- November 10
- December 8
If a Person’s Birthday comes in between the 11th to 20th of a month
- January 20
- February 17
- March 17
- April 21
- May 19
- June 16
- July 21
- August 18
- September 15
- October 20
- November 17
- December 15
If a Person’s Birthday comes in between the 21st to 31st of a month
- January 27
- February 24
- March 24
- April 28
- May 26
- June 23
- July 28
- August 25
- September 22
- October 27
- November 24
- December 22
Supplemental Security Income (SSI)’s the Payment Schedule
American citizens who are disabled or have limited sources of income are assisted by Supplemental Security Income (SSI). The SSI recipients are eligible to get Medicaid which is the main agency to support the low-income and vulnerable Americans health-wise.
Supplemental Security Income (SSI) follows a different schedule to make its monthly payments. Regardless of birthdays or any other prefixed data; the SSI schedules to pay the amount to its beneficiaries on the 1st of every month.
The payment schedule for SSI for the year 2021 is as followed:
- February 1
- March 1
- April 1
- April 30
- May 1
- June 1
- July 30
- September 1
- October 1
- November 1
- December 1
- December 30
Social Security Payments
The benefits attributed to Social Security are sent to the recipients electronically. These payments cannot be received through the mail. It is either deposited directly into the bank account or the recipient can opt for the payment to be dispatched via a prepaid debit card. Once, you apply for the social security benefits, you are asked to provide the bank account number as well as the routing number of the bank or credit union to make the monthly payments.
Taxes applied on Social Security Benefits
According to the income level of the recipients; they are charged to pay taxes. If the retirement income amount exceeds a certain bracket of a prescribed figure, then a certain amount is taxed from the Social Security benefits.
A single-filer having an income between $25000 to $34000 will pay up to 50% in taxes from their Social Security benefits. If their income surpasses $34,000 then almost 85% of the benefits can get taxed.
A couple who have filed jointly; will have to pay approximately 50 % of their social security benefits; if their gross income is somewhere between $32,000 and $44,000. Their taxes can sum up to a whopping 85% of their benefits if their gross income exceeds $44,000.
It is of utmost importance to withhold the taxes from the social security benefits while filing the tax return initially. If not done properly; the recipient may be stuck with a large chunk of benefits going to taxations each month. Local social security offices are readily available to guide while signing up for the social security benefits.
Social Security Benefits and Coronavirus Stimulus Checks
According to the American Rescue Plan, social security recipients are eligible to receive stimulus checks from the federal government. It is a relief package to aid struggling Americans due to the coronavirus pandemic. All the senior citizens and retired citizens; who are already receiving social security benefits are eligible to receive the stimulus checks.
The stimulus payment is set at $1200 for adults; who are eligible and $2400 for married couples who file tax returns jointly. An additional $500 stimulus payment is granted for each child that qualifies.
The second round of stimulus checks was rolled out in December 2020 amounting to $600 to the eligible adults and children.
All the recipients of social security benefits endorsing the SS number and filed their tax returns in the past two years; are qualified for the stimulus checks; given that their gross income comes under the preset income bracket by the government. The income is largely based on the federal tax return of the year 2019; as the tax return of 2020 was heavily influenced by the coronavirus pandemic.
The beneficiaries of social security can check their payment status on the IRS website.