$1,682 | Two New Checks | Low Income, SSI, SSDI, Social Security

$1,682 | Two New Checks | Low Income, SSI, SSDI, Social Security
SSI recipients will be pleased to hear that they can expect two payments in the month of April. The average payment is worth $621 for recipients, and that’s with the 5.9% COLA increase. The most a person collecting SSI can see is $841 per month. The reason for low income the change in checks payments in April is because of a holiday schedule new checks. This is because the payment for May falls on a Sunday, so it needs to happen in April two new checks. This makes it so recipients will see a new checks payment on Friday, April 1 and Friday, April 29. Social Security recipients will see their checks payments on the regular payment dates. SSI is for elderly, blind, and/or disabled people with little to no income. To qualify you cannot have over $2,000 in assets. For couples it rises to $3,000 checks. Some assets are exempt according to the SSA. This includes life insurance new checks policies worth less than $1,500, a vehicle, burial plots, burial funds worth up to $1,500 checks, and the home and land you own where you reside.

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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