Social Security update: Direct payment worth $914 arriving in two days

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Social Security update: Direct payment worth $914 arriving in two days
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In two days, Supplemental Security Income beneficiaries will receive their payment for the month of May. It will be worth $914 for individual filers.

The monthly payments will be sent out to recipients on May 1, and different amounts will go to individual filers, joint filers, and essential persons. Individual filers will receive $914, and eligible couples will receive $1,371. Essential persons, who live with someone receiving SSI payments and provide them with necessary care, will get a monthly payment of $458, according to the Social Security Administration.

TAX SEASON 2023: ROUGHLY 112,000 MASSACHUSETTS RESIDENTS WILL HAVE TO USE THEIR REFUNDS TO PAY UNEMPLOYMENT OVERPAYMENTS The payments beneficiaries receive every month are delivered on the first day of each month, but when the first day of a month falls on a weekend or a holiday, the SSA issues its monthly SSI checks on the last business day before the month begins.There are four months in which two payments will be delivered in the same month this year: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October, and Jan. 1 is always a holiday.

SSI payments were first issued by the SSA in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.

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