Social Security payment: Check worth up to $1,657 for October to be sent in few days

A person can receive both Social Security and SSI, but anyone who receives SSI must report changes in their living arrangements and income to the SSA.

Social Security benefits recipients need to wait a little more than a week before their monthly payments worth up to $1,657 are sent to them.

This month’s round of Social Security payments will begin on October 12, with prices starting with people who have birthdays between the first and 10th of a month. Payments to Social Security recipients are given depending on their birth dates, according to a calendar from the Social Security Administration.

People who have their birthdays later will need to wait one or two weeks before receiving their payments. People born between the 11th and 20th of a month will receive their compensation on Oct. 19, and those born between the 21st and 31st of a month will get paid on Oct. 26.

See Also:  4th stimulus check update 2022 — $3,200 direct payments to arrive soon

$1,682 a month depending on income level

Benefit payments range from $377.35 to $1,672, depending on the beneficiary’s status. At the same time, retired workers can earn fees of as much as $1,682 a month depending on income level, according to the SSA.

Social Security payments differ from Supplemental Security Income payments because Social Security benefit programs are “entitlement” programs paid for with Social Security taxes that are put into special trust funds.

Stimulus check 2022 (9)

People can qualify to receive Social Security payments based on their work history or the history of their spouse or parents, according to the SSA. On the other hand, SSI is described as a needs-based program intended for people with limited income and resources and does not require work credits to be eligible for it.

A person can receive both Social Security and SSI, but anyone who receives SSI must report changes in their living arrangements and income to the SSA.

See Also:  Stimulus: Americans could see up to $300 renewed Child Tax Credit Payments This Year

Additionally, people who receive both forms of payment will receive SSI on the first of a month and Social Security on the third, unless the third falls on a weekend, in which they will receive their payment on the Friday before the third.

The Supplemental Security Income (SSI) program provides monthly payments to adults and children with a disability or blindness who have income and resources below specific financial limits

Source