BIG NEWS! Next Social Security, SSI and SSDI Checks Sent

Time to know about the next social security, ssi and ssdi checks sent as It is very important. Maximum Federal Supplemental Security Income (SSI) payment amounts increase with the cost-of-living increases that apply to Social Security benefits. The latest such increase, 5.9 percent, becomes effective January 2022.

SSI amounts for 2022
The monthly maximum Federal amounts for 2022 are $841 for an eligible individual, $1,261 for an eligible individual with an eligible spouse, and $421 for an essential person.

In general, monthly amounts for the next year are determined by increasing the unrounded annual amounts for the current year by the COLA effective for January of the next year. The new unrounded amounts are then each divided by 12 and the resulting amounts are rounded down to the next lower multiple of $1.

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Calculation details
Recipient Unrounded annual amounts for— Monthly amounts for 2022
2021 2022 a
Eligible individual $9,530.12 $10,092.40 $841
Eligible couple 14,293.61 15,136.93 1,261
Essential person 4,775.99 5,057.77 421
a The unrounded amounts for 2022 equal the unrounded amounts for 2021 increased by 5.9 percent.
Payment reduction
The monthly amount is reduced by subtracting monthly countable income. In the case of an eligible individual with an eligible spouse, the amount payable is further divided equally between the two spouses. Some States supplement SSI benefits.

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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