Social Security Administration

2022 - 12 - 20

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Social Security recipients won't receive a bonus payment in December (KVUE.com)

Millions of Supplemental Security Income (SSI) recipients will get a second payment in December because of the monthly payment schedule. It's not a bonus ...

Social Security increase: Here's how much checks will go up in 2023 (Colorado Springs Gazette)

The SSA makes an annual adjustment to the amount of money that Social Security recipients receive as a means to keep up with inflation. The adjustment for 2023 ...

The 2023 COLA will mark the highest COLA in over 40 years, since the SSA adjusted the benefits that recipients receive by 11.2% in 1981. [REPORT: MAJORITY OF AMERICANS LIVING PAYCHECK TO PAYCHECK, MANY BLAME RISING INFLATION](https://www.washingtonexaminer.com/restoring-america/community-family/americans-living-paycheck-to-paycheck-many-blame-rising-inflation) This COLA will come at a bit of a cost, however, as the increased benefits may also lead to some recipients paying higher taxes. For senior singles who make $97,000 or more a year, they would have to pay more for their Medicare premiums, ranging from $230 to $560 a month, while senior couples would have to pay more if they make $194,000 or more annually. The $146 comes from how it is 8.7% of $1,681, bringing the average retirement benefits total to $1,827 for next year. The adjustment for 2023 will be 8.7%, making

When Social Security Benefits Are Scheduled for January 2023 (Yahoo Finance)

Social Security recipients can look forward to bigger benefit checks in January. Back in October, the Social Security Administration announced the 2023 ...

Social Security update: Direct monthly payment worth up to $4194 to ... (Washington Examiner)

A portion of Social Security beneficiary recipients will receive monthly retirement payments worth up to $4194 tomorrow.

Due to people living longer as science and medication advance, a larger number of people are taking part in Social Security benefits, while the number of people working and paying [taxes](https://www.washingtonexaminer.com/tag/taxes) to support said benefits is gradually going down, [according to](https://www.crfb.org/our-work/projects/combined-social-security-trust-funds) the Committee for a Responsible Federal Budget. [CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER](https://www.washingtonexaminer.com/) 30](https://www.washingtonexaminer.com/news/social-security-exact-date-second-payment-$1755-arrive). 28, with this one being for recipients whose birthday falls between the 21st and 31st of a month. 14 and was intended for people whose birthday falls between the 1st and 10th of a month. 21, the third Wednesday of December 2022, will mark the second payment from the SSA this month and are intended for

Social Security Misconception: Why Some Inaccurately Believe ... (Nasdaq)

These are monthly payments to adults and children with a disability or blindness who have income and resources below specific financial limits. SSI payments are ...

Beginning in 2023, payments will be boosted by an 8.7% COLA — the highest in 41 years. Most people who started receiving benefits before May 1, 1997, are still paid on the third of the month. Prior to that, all benefit payments went out on the third day of the month. The 2023 COLA will push average payments up by more than $140 a month. These double payments offset the months when no SSI payments will made because the first of the month falls on a weekend or holiday: April, July and October. So, even though SSI recipients will be getting two payments in December, it’s not because of a bonus. In 2023, two payments will also be sent in March, June and September. A quirk in the way Social Security pays some of its benefits has led to the idea that the agency pays a bonus in December similar to those paid by private employers. But as the number of beneficiaries expanded, the SSA decided to break monthly payments up into three separate dates. Two SSI payments are sent in December every year — one on Dec. - If your birth date is on the 11th-20th, your payment will be distributed on Wednesday, Dec. These are monthly payments to adults and children with a disability or blindness who have income and resources below specific financial limits.

Social Security: When will the COLA increases start and when will I ... (AS English)

Thanks to the COLA, Social Security payments will increase in 2023. Here's when the increases will start and how much more money you'll receive.

On the other hand, SSI recipients will see their first payment increased on December 30th. However, this calculation is only approximate, as SSA calculates payments annually for each beneficiary based on the “primary insurance amount” (PIA) and not by adding the COLA to the actual benefit. Social Security: When will the COLA increases start and when will I receive them?

Will your Social Security Payments Increase? | Ty D. | NewsBreak ... (NewsBreak Original)

According to the Social Security Administration, social security beneficiaries will receive a Cost of Living Adjustment of 8.7%. Photo by(Kenny Eliason on ...

Please let me know what you think in the comments below. I'd like to know how this affects you. What are your thoughts about this expected increase? - Social Security benefits represent about 30% of the income of the elderly. - Social Security is the major source of income for most of the elderly. According to the Social Security Administration, social security beneficiaries will receive a