$3089 Social Security Payment For Couples 2024: What this Monthly Payouts Mean for You! Eligibility, Payment Date

$3089 Social Security Payment December 2024: Approximately 72.5 million Americans are getting benefits of SSI where both individuals and couple applicants wait for their monthly payments. Since couples or combined applicants are getting more income than individual applicants, So couples are waiting for $3089 social security payment for December 2024. However the news is spreading all over the internet, but what is the reality of the this $3089 Social Security Payment, what will the actual amount and what will you receive is still question marked. So if you also want to know the reality and fact check of the $3089 Social Security Payment then can check the latest updates by the SSA in this article.

Social security payments are prepared for senior citizens in the country who have crossed the age of 67. However the payment is released monthly to all the beneficiaries, but there is no fixed amount for each applicant released by the SSA. SSA calculates multiple factors including earning condition of the applicant, family details of the applicant, disability type of the applicant etc and after that provide monthly payment to fulfil their needs. So the news of $3089 for couples cannot be confirmed at this time, however beneficial is will get their regular payments accordingly.

$3089 Social Security Payment December 2024

The applicant has the opportunity to claim the $3089 Social Security Payment for their spouse too. If both couple crossed the age of 67 , Then they can get the extra payment per month by the authority in this program. The social security administration will provide up to 50% extra benefit to the spouse if the eligible in the program. However the eligibility criteria is the key to decide the exact amount for the couple. How much your earning extra amount or have the additional assets, will automatically decrease your eligibility to get the 100% benefit. 

Who can get SSI payment?

  • The age criteria is very important where an individual should be more than the age of 67 to be eligible for the payment. 
  • You must have earned a total of 40 work credits, with at least 20 of those credits earned in the last 10 years before the onset of your disability. Younger workers may qualify with fewer credits.
  • You must meet the Social Security Administration’s (SSA) strict definition of disability, which means you are unable to engage in substantial gainful activity (SGA) due to a medical condition that is expected to last at least 12 months or result in death.
  • if you are working and earning more than $1,550 per month (or $2,590 if you are blind), you generally cannot be considered disabled.

$4873 Plus Three Payments Scheduled for Social Security in December 2024, Don’t Miss!

December 2024 CRA Payment Dates For OAS, CPP & CWB: Mark these date, No More Wait!

How much will you get?

In 2025, the maximum monthly SSI payment for individuals will be $967, while couples will receive $1,450. For SSDI, the average payment for individuals is expected to be around $1,400, with couples receiving approximately $3,089. These amounts reflect a 2 .5% increase due to the cost-of-living adjustment (COLA) effective from January 2025.

Since the December payment is calculated according to the COLA rates of 2024, individuals will get reduced payment according to the 3.7% cola. Once you reach in 2025 then will start to receive the increased payment accordingly.

Payout Dates 

The payment of SSI is already released by the SSA in 29 November 2024 to all the eligible beneficiaries. But the authority will again release SSI payment on 31 December 2024. How about the payment of SSI is schedule for 1 January 2025, but due to the New Year holiday, the authority will release payment earlier on 31 December and it will follow new 2.5% COLA rates.

SSDI payments are scheduled on 11th December, 18th December and 24th December to all the beneficiaries according to their date of birth. 

IRS: New $1924 Monthly Direct Deposit Check December 2024, Check Your Deposit Date!

SASSA R530 Monthly Payments for December 2024: Who is eligible for these grants and what is their significance? 

Fact check of $3089 Payment 

The news of releasing $3089 is not officially released by the social security administration yet. But they already released new COLA rates of 2.5% for the year of 2025. So, by implementing this new rate of COLA the amount for couples will automatically increase and will reach approve the $3089. However the exact calculation will be released by the agency after starting the new year of 2025.

aiuweb

Author

  • Hamid

    Hamid is is writing since 2020. He is preparing for Banks exams and has keen interest in knowing Finance news and latest information.

    View all posts

Leave a Comment