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    Home » Blog » Social Security update: August direct payment worth $943 goes out in six days

    Social Security update: August direct payment worth $943 goes out in six days

    July 26, 2024Updated:July 26, 2024 Business & Economy No Comments
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    August’s Supplemental Security Income pay, fair up to$ 943, will go out to thousands of recipients in six weeks.

    According to the Social Security Administration, on Aug. 1, the initial payments will get distributed to those living with a debilitating illness that affects one’s money.

    Filers must be at least partially blind or have a “physical or mental condition( s ) that seriously limits their daily activities for a period of 12 months or more, or be anticipated to result in death” to be eligible.

    Individual applicants can receive up to$ 943 per month, couples filing jointly can receive up to$ 1, 415, and essential individuals can receive up to$ 472. These amounts have increased by 3.2 % since last year due to inflation.

    WASHINGTON EXAMINER CLICK HERE TO READ MORE.

    The maximum amount received is determined by the application process, with sums varying for specific filers, joint payers, and important individuals who provide SSI recipients with needed treatment.

    Standard Social Security benefits and SSI payment are not covered by one another. People who are paid Social Security do n’t automatically qualify for SSI payments, and the reverse is true. The SSA calculator allows consumers to calculate their entire payment using a SSA computer.

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