March Social Security direct payment worth $994 goes out in 25 days

March Social Security direct payment worth $994 goes out in 25 days


SSI payments are typically issued on the first day of a month, but March’s payment will go out on Feb. 27. When the first of a month falls on a weekend or holiday, SSI payments are issued on the last business day of the previous month. March 1 falls on a Sunday this year.

Beneficiaries are people with limited income who are either blind, aged 65 and older, or have a qualifying disability.

The amount beneficiaries receive varies based on several factors, including the number of people filing. For example, individual filers can receive up to $994, couples filing jointly can receive $1,491, and those providing essential care to SSI recipients can receive up to $498. 

Trending: Senate GOP to make ‘down payment’ on SAVE America Act with party-line bill

In addition to the previous prerequisites for receiving SSI

Continue reading

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!