Supplemental Security Income (SSI) payments for January 2025 are scheduled to be issued on Friday, January 31, 2025, due to a shift in the regular payment date from February 1. This change ensures that beneficiaries have timely access to their funds despite the payment alignment with a weekend.
To qualify for SSI, individuals must meet specific criteria such as age, blindness, or disability, and adhere to income limits. Eligible resources also include cash, bank accounts, stocks, and bonds, but not primary residences or one vehicle.
The SSA allows exclusions of unearned income and earned income from the countable resources limit. For 2025, individuals will receive a maximum monthly payment of $967, while couples will see their maximum monthly payment increase to $1,450.
To apply for SSI, applicants must submit necessary documentation, including proof of age, income, financial statements, and medical records. The application process can be submitted online or by phone and may take several months to process.
The Cost-of-Living Adjustment (COLA) for 2025 is set at 2.5% and aims to enhance payment amounts in response to inflationary pressures. This adjustment ensures that SSI recipients can sustain their purchasing power despite increasing expenses associated with fundamental needs such as food, housing, and healthcare.
Source: https://opscrecruitment.in/1450-ssi-direct-deposit-payment-date