Social Security recipients are eagerly awaiting their monthly benefits this July, with payments set to arrive according to the usual schedule. However, for some recipients who have been overpaid by the Social Security Administration cSSAc, a portion of their benefits may be withheld starting in late July.
While the exact number of individuals affected by overpayments remains undisclosed, data obtained through a Freedom of Information Act request indicates that the SSA attempted to recover overpayments from around 2 million people in the fiscal year ending September 2023. As a result, starting late July, the SSA is expected to withhold 50% of benefits for those who have yet to commence repayments for the overpaid amounts.
When it comes to the distribution of Social Security benefits, the payment dates are determined by the recipient's birthdate. Typically, benefits are disbursed on Wednesdays, with recipients born between the 1st and 10th of the month receiving payments on the second Wednesday of each month. This month, that falls on July 9. Following this, recipients born between the 11th and 20th receive their payments on the third Wednesday cJuly 16c, while those born after the 20th get their benefits on the fourth Wednesday cJuly 23c, according to the SSA calendar.
Individuals who began receiving benefits before May 1997, as well as those who receive Supplemental Security Income cSSIc checks, have their own specific payment schedules. SSI is a program designed to assist individuals with limited income or resources, including those aged 65 or older, individuals with disabilities, and individuals who are blind. Adults eligible for SSI typically have monthly earnings below $2,019.
For individuals looking to apply for SSI benefits, the process can be initiated online, in person at a local Social Security office, or by contacting the SSA via phone during business hours.
The Social Security Administration publishes annual distribution schedules online for the convenience of recipients who wish to plan their budgets. Additionally, regular Social Security retirement benefits for the month of July will follow the SSA's standard payment calendar.
Supplemental Security Income recipients are set to receive their checks on the first business day of the month, which falls on Tuesday, July 1. In cases where the 1st lands on a weekend or holiday, payments are typically disbursed on the preceding workday.
Furthermore, in the event that beneficiaries do not receive their electronic payments as scheduled, the SSA advises contacting their financial institution first to address potential delays. Should issues persist, recipients can reach out to the SSA directly to report missing or stolen payments for resolution.
In summary, Social Security payments for July are on track to be issued according to the usual schedule, with recipients urged to remain vigilant about their payment dates and potential adjustments due to overpayments. Whether preparing for scheduled benefits or seeking assistance through programs like SSI, beneficiaries can rely on the resources provided by the SSA to navigate their financial support effectively.