Social Security payments: First half of monthly $1,682 supplemental payment to be sent in just seven days
Recipients of Supplemental Security Income will receive their first of two $841 checks in the month of September in only seven days.
The first of the two checks will be sent out to eligible recipients on Sept. 1, with the second check of identical value sent out on Sept. 30.
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September is one of three months this year in which eligible individual recipients will receive two checks for a total of $1,682 in Supplemental Security Income for the month. The other two months in 2022 in which two payments were or will be given out in the same month are April and December.
Couples who are eligible for the Supplemental Security Income will receive two payments of $1,261 next month for a total of $2,522.
Essential persons, those who live with an individual receiving Supplemental Security Income and provide them with necessary care, will receive two payments of $421 in September, to be paid out on the same days.
Two payments are being issued this year during these three months because the first days of the months of May 2022, October 2022, and January 2023 are over a weekend. The Social Security Administration issues the payments the Friday prior to each of those months to ensure recipients have the check by the first of the month, according to the agency.
The payment on Sept. 30 is technically the Supplemental Security Income payment for the month of October.
Social Security payments are expected to increase next year to keep up with inflation. Analysts predict the cost-of-living adjustment for Social Security in 2023 may be 10.5% or more, which could move recipients into a higher tax bracket.
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Current estimates say Social Security insolvency will occur in 2034 unless acted upon by Congress.