Even while Social Security payouts grow yearly, these seven states won’t make SSI higher.
Retired Americans look forward to getting their new Supplemental Security Income (SSI) check from Social Security every month. Only a few people can get monthly SSI payments from the Social Security Administration, so not everyone can get this type of benefit.
Figuring out how much tax to pay on Social Security benefits (Photo: https://www.kiplinger.com/)
Most of the United States, but not all, have seen more of these checks over the past few months. The increase is part of the benefits for many Supplemental Security Income recipients, but this is not true for everyone, especially these seven states won’t make SSI higher.
At least until 2023, the Supplemental Security Income check can’t go up more than $914. We might get a raise in 2024, depending on how much the Social Security Administration decides to use the COLA to give us. Some of this seven states have indeed been giving a little more SSI to some people who get it.
The seven states won’t make SSI higher.
Supplemental Security Income benefits have not been raised at all in these seven states:
- Arizona
- Arkansas
- Mississippi
- North Dakota
- Tennessee
- West Virginia
- Northern Mariana Islands
If you live in any of these states, you will notice that these seven states won’t make SSI higher. So, the amount of the next check you get in March will be the same as the last one.
The same will be true for the payment from Social Security. As we said earlier, this payment will stay the same and won’t go up in any way until the COLA comes. So, if you got $1,800 in your retirement check last month, you will get the same amount this month.
The next payment from SSA Supplemental Security Income
In March, the Social Security Administration will send all Supplemental Security Income recipients an extra payment. This is a one-time-only thing. No matter which seven state you live in, the amount of the check will be the same as always.
This extra payment is the April payment that was made early. This is because SSI payments are always made on the first, but the date changes when it is a weekend or holiday. When this happens, the payment is sent on the last business day before.
We will get an extra Supplemental Security Income check on March 31 because of this. Still, we need to be careful with our financial plan for April because we will get SSI early, which could cause us to spend the money sooner than we planned.
How much can you get in SSI?
As was said above, the most you can get from Supplemental Security Income in 2023 is $914. This number goes up a little bit every year, at least in seven state U.S. states. Still, we have to wait for the COLA announcement to know exactly how much the money will go up.
This year, the COLA news will come out in October. We won’t know how much the COLA will go up in 2024 until then. Experts say that this rise will be about 3%, but nothing is set in stone yet.
How do I get my SSI check right away?
We must use one of two official ways to get Supplemental Security Income payments. Each of these methods has its own strengths and weaknesses, but one of them works better.
On the one hand, there’s the deposit into the bank account. In the United States, this is the most common way to get a Social Security check. With this method of collecting money, it can take up to three days for the money to show up in the bank account. Other than that, it works very well and is very safe.
On the other hand, besides Supplemental Security Income, Direct Deposit is the fastest way to get your Social Security retirement benefits. Using this method, any money the government sends you will show up right away in your bank account.
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