January 2024 Social Security Payment Schedule for SSA, SSDI, SSI, VA
As we enter 2024, Social Security recipients in the United States are eagerly anticipating their Social Security payments for the new year. If you are one of the beneficiaries, you can find the Social Security Payment Schedule for SSA, SSDI, SSI, and VA in January 2024. For the most part, the Social Security Administration (SSA) is operating as usual, with retirees receiving four separate payments each month in addition to a check for Supplemental Security Income (SSI). However, it’s always a good idea to check the official website for any updates or changes.
The Payment Schedule
Generally, Social Security benefits are disbursed on the third, second, third, and fourth Wednesdays of each month. In January 2024, there are no significant deviations from the usual payment plan. Here is the breakdown:
January 3: Social Security checks will be sent to beneficiaries who started receiving benefits prior to May 1997.
January 10: Those with birthdays falling between the 1st and 10th of the month will receive their payments.
January 17: Those with birthdays falling between the 11th and 20th of the month will receive their payments.
January 24: Those with birthdays falling between the 21st and 31st of the month will receive their payments.
In 2024, Social Security beneficiaries can expect a cost-of-living adjustment (COLA) of 3.2%. This is a significant decrease from the 8.7% increase in 2023. The January payment amount will reflect this adjustment. Additionally, as New Year’s Day falls on January 1, 2024, individuals who qualify for SSI benefits have already received their January payments on December 29, 2023.
Important Payment Information
Social Security Payment Increase
For those receiving Social Security benefits, there is good news! The average monthly payout in 2024 is expected to increase by more than $50 due to the COLA. This adjustment aims to keep pace with the rising cost of living.
Starting in 2023, individuals are required to pay Social Security taxes on every dollar they earn up to $160,200. This year, the new cap for 2024 has been set at $168,600, requiring higher incomes to contribute more to the system.
What to Do If Your Payment Is Delayed
While electronic payments have significantly reduced the possibility of lost or stolen money, delays or other issues can still occur. If you do not receive your January 2024 Social Security payment by the expected date, follow these steps:
Contact your bank or financial institution if there is a processing hold on your account.
If your payment is missing, misplaced, or stolen, call the Social Security Administration at 800-772-1213 (TTY 800-325-0778) or contact your local Social Security office to report the issue.
If you receive paper checks, wait three business days after the usual mailing date before taking any action. If your check still hasn’t arrived, contact the Social Security Administration for further assistance.
