NEW Check & Payment Dates For SSI, SSDI, Low Income | Social Security Update 2022/2023

NEW Check & Payment Dates For SSI, SSDI, Low Income | Social Security Update 2022/2023
If you’re a new recipient of Social Security payments, you’re likely wondering when you’ll get your check. Not all Social Security beneficiaries get their checks on the same day — there are actually multiple days each month that payments are disbursed. We’ll explain below. You should also know that Social Security benefits could get the largest increase we’ve seen in 40 years, starting in January 2023. You should receive a letter in December that’ll let you know your benefit rate for the next year. We’ll tell you when you’ll get your next Social Security check and how your payment date is determined. For more, here’s how to replace your Social Security card and how to know when it’s safe to share your Social Security number. The Social Security Administration sends out payments on three different Wednesdays of each month — the second, third and fourth Wednesday. The Wednesday you’ll get your money all depends on your birth date. We’ll break it down.

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.