You will find important information about the Social Security Payment Schedule for July-August 2024. SSI dates, SSDI dates, VA payment dates. The US government provides Social Security payments to individuals and dependents who are eligible. The monthly benefits are provided to those who qualify and need them. Payments are made according to the condition of your health and usually on the third Wednesday of every month. Continue reading this article to learn more about Social Security Payment Schedules July-August 2024.
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Social Security Payment Schedule, July-August 2024
Social Security is intended to replace a portion of your income if you retire or become disabled. Social Security helps eligible individuals achieve a basic financial level of security. Many people save for retirement and plan to retire with other savings or pensions.
In 2024, Social Security and Supplemental Security income will see an increase of 3.2%. This is a result of the annual Cost of Living Adjustment, which accounts for inflation.
Social Security pays its benefits for retirement, disability, and survivorship based on the schedule of payments. All of these benefits provide a stable income during retirement or disability. Social Security prevents poverty for seniors and disabled people. Families can receive financial assistance through survivors’ benefits. All benefits are adjusted each year to account for inflation and to maintain purchasing power.
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Dates of SSI, SSDI, and VA Payments for July-August, 2024
Here is a breakdown of SSI, SSDI, and VA payment dates for the months of August and July 2024:
Typically, Supplemental Security Income is paid out on the 1st of every month. The payment will be made the day before if the first falls on a holiday or weekend.
Social Security Disability Insurance is calculated based on the date of birth of the beneficiary. For those who started receiving benefits after May 1997. Payments are shown as follows:
- Payout on the second Wednesday in the month if your birthdate is between 1st and 10th.
- Date of birth 11th-20th: Payment is made on the third Wednesday each month.
- Date of birth 21st to 31st: Payment is made on the 4th Wednesday of each month.
The Social Security Payment Schedule applies to all claimants who started receiving benefits after May 1997.
Veterans Affairs benefits are paid according to a separate schedule, and usually in the third month. The exact date may vary depending on your registration date and the benefit you are receiving.
| Benefit Program | Payment date in July | August Payment Date |
| Additional Security Income | Monday, July 1, 2018 | Thursday, August 1, 2018 |
| Social Security Disability Insurance – Birthdates 1st-10th | Wednesday, July 10, 2018 | Wednesday, August 7, 2018 |
| Social Security Disability Insurance – Birthdates 11th-20th | Wednesday, 17th July | Wednesday, August 14, 2018 |
| Social Security Disability Insurance – Birthdates 21st to 31st | Wednesday, July 24, 2018 | Wednesday, August 21, 2018 |
| Veterans Affairs Benefits | Third week of July | Third week of August |
What Happens if the Date of My Social Security Payment Falls on a Holiday or Weekend?
It is expected that your payment will be received prior to the scheduled date. This payment will be issued before your scheduled payment date.
If your payment is not received on the date you expected, then you will need to wait for 2-3 working days. It can take a while for the bank to transfer funds to your account.
If the payment has not arrived after two to three days, you must contact the Social Security Administration (SSA) or your local office. The Social Security Administration will examine your case and let you know.
Additional Information
Social Security Payment Schedules are fixed for all payments and for those who wish to apply for Social Security benefits. You are then offered several options for applying:
Online applications are the fastest and easiest method. Navigate to portal >> Search for the benefit payment you’re looking for >> Fill out the online application >> Attach the required documents >> Submit the form.
Call the SSA and speak to a representative over the phone. You can also visit the local Social Security office and apply for benefits.
