The Social Security Administration (SSA) has announced the dates for the final two retirement payments in July. If you missed the payments on July 3 and July 10, don’t worry! You might still receive your benefits if you meet certain conditions.
Eligibility for Payments
To get one of the remaining Social Security payments in July, you must:
- Have filed for and been approved by the SSA.
- Not be receiving Supplemental Security Income (SSI).
- Have started receiving benefits after May 1997.
- Meet the specific birth date requirement.
Payment Dates
July 17 Payment
If your birthday falls between the 11th and 20th of any month, you will receive your payment on July 17. However, if your birthday is between the 1st and 10th, your payment was issued on July 10, and you should expect your next payment on August 14, 2024.
July 24 Payment
For retirees whose birthdays are between the 21st and 31st of any month, the payment date is July 24. This is the last chance to receive benefits in July if you meet the eligibility criteria.
Average and Maximum Benefits
The average payment for retirees is about $1,916, no matter when you receive it.
In 2024, if you started receiving benefits at age 70, you could get a maximum of $4,873. If you started earlier, at age 62, the maximum benefit is $2,710.
Benefit Amounts Based on Filing Age
- Age 62: Maximum benefit is $2,710
- Age 70: Maximum benefit is $4,873
Plan Your Payments
It’s important to keep track of your Social Security payment schedule to manage your finances well. Note the payment dates based on your birth date and plan your budget accordingly. By staying informed, you can make sure you receive your benefits on time and manage your expenses better.
By understanding these details, you can stay on top of your retirement benefits and handle your finances more effectively.
When are the final Social Security payments for July 2024?
The final payments are scheduled for July 17 and July 24.
How do I know if I am eligible for the July Social Security payments?
You must have been approved by SSA, not receive SSI, and meet the birth date requirement.
What should I do if I missed the payments on July 3 and July 10?
Check if you’re eligible for the payments on July 17 or July 24 based on your birth date.
What is the maximum Social Security benefit for 2024?
The maximum benefit is $4,873 if you filed at age 70, or $2,710 if you filed at age 62.
How can I keep track of my Social Security payments?
Note the payment dates based on your birth date and mark them on your calendar to manage your finances effectively.