Among the paychecks that dearest recipients will look forward to this July are some extra from the social security administration on the 10th of July, 2024. If you began to receive benefits after May 1997 and your birthday is between the first and th of any given month then you are likely to be receiving the following direct deposit $ 4,873. Let me elaborate a little on these payments.
Who Will Get Payments on July 10?
Still sticking to the macrotax schedule, if you were born from the 1st and 10th of the respective month and start getting your Social Security benefits from May 1997, roughly, you will be paid on July 10th. To get the most money, do these things:To earn the maximum money, it is imperative that these things be done:
Requirements for the Maximum Payment
- Started Benefits at Age 70: You have to have started getting Social Security at age 70.
- Work History: You have to have worked and paid into Social Security for at least 35 years.
- High Earnings: During those 35 years, you should have earned the most that was taxed for Social Security.
Satisfying these needs could earn you the largest amount of money, $4,873. If you do not meet all these conditions the amount of money which you will get will be less.
| Topic | Details |
|---|---|
| Payment Date | July 10, 2024 |
| Payment Amount | Up to $4,873, depending on eligibility |
| Eligibility for Maximum Payment | – Started collecting benefits at age 70 – Worked and paid Social Security taxes for at least 35 years – Earned the maximum taxable amount for Social Security for 35 years |
| Payments for Other Dates | – July 3: For those who started receiving benefits before May 1997 and are at least 97 years old – July 17: For birthdays between the 11th and 20th – July 24: For birthdays between the 21st and 31st |
| Eligibility for Other Payments | Same as for the July 10 payment |
| Notification | Direct deposit to your bank account and notice from SSA |
| Special Cases | If you don’t meet the criteria for the maximum payment, you will receive a smaller amount based on your work history and earnings. |
| Application | No application needed for these payments if you are already receiving Social Security benefits. |
| Additional Information | Visit the SSA official website or contact SSA customer service for more details. |
Payments for Other Birthdays in July
If your birthday is:
- Between the 11th and 20th: You’ll get your payment on July 17.
- Between the 21st and 31st: Your payment will be on July 24.
These are the same conditions that one has to meet in order to receive these payments and which have already been applied to the payouts made on July 10th.
Special Payment on July 3
Those people who started to receive benefits before May 1997 will also receive supplemental payment on the 3rd of July. It is even restricted to 97-year-olds; you cannot attend even if you are a day younger than 97.
Q1. Will I get social security?
A. You can receive Social Security benefits based on your earnings record if you are age 62 or older, or a person with a disability or blindness and have enough work credits. Family members who qualify for benefits on your work record do not need work credits.
Q2. What is social security in the USA?
A. Social Security provides a source of income when you retire or if you cannot work due to a disability. Learn how to replace your Social Security card, apply for benefits, and more.
Q3. What is the short note on Social Security?
A. Social security is a system under which a government pays money regularly to certain groups of people, for example people who are sick, are unemployed, or those who have no other income. … women who did not have jobs and were on social security. Families on social security benefits will be harshly affected.
Q4. Who gets social security payments?
A. Most of the people receiving benefits are retired, but others receive benefits because they’re: Someone with a qualifying disability. A spouse or child of someone getting benefits. A divorced spouse of someone getting or eligible for Social Security.
Q5. Does everyone get to collect Social Security?
A. You must earn at least 40 Social Security credits to be eligible for Social Security benefits. You earn credits when you work and pay Social Security taxes. The number of credits does not affect the amount of benefits you receive.