In a rare but planned occurrence, some Social Security recipients will see two payments in January 2025. Don’t be confused—this is not an extra benefit, but rather a result of the payment schedule and holiday timing. Here’s what you need to know to check if you’re eligible.
Why Two Payments in January 2025?
The key reason for the two payments comes down to the schedule for Supplemental Security Income (SSI). SSI payments usually arrive on the first day of each month. However, when the first day falls on a weekend or holiday, payments are issued the business day before.
Because January 1, 2025, is a federal holiday (New Year’s Day), the SSI payment for January will be deposited early on December 31, 2024. Meanwhile, regular Social Security benefits will still be paid as usual throughout January, meaning some recipients could see two payments within the same calendar month.
Cost-of-Living Adjustment (COLA) Adds More
This year’s payments will be higher thanks to the 2025 Cost-of-Living Adjustment (COLA), which increases benefits by 2.5%. The January 2025 SSI payment—deposited early on December 31, 2024—will reflect the updated benefit amount.
For example, if you’re currently receiving $914 per month in SSI, the COLA increase will raise that amount to $936.50 starting in January. This adjustment helps recipients keep up with inflation and the rising costs of essentials like housing and food.
Who Will Receive Two Payments?
Not everyone will see two payments. Here’s how to know if you’re eligible:
- SSI Beneficiaries:
- If you receive SSI, you will get your January payment on December 31, 2024, followed by your February payment on February 1, 2025.
- Social Security Beneficiaries:
- Those receiving both SSI and traditional Social Security benefits may see two payments in January—one from SSI on December 31 and the other from Social Security, typically scheduled based on your birth date.
- Birth dates from the 1st to 10th: Expect payment on January 8, 2025.
- Birth dates from the 11th to 20th: Payment will arrive on January 15, 2025.
- Birth dates from the 21st to 31st: Look for payment on January 22, 2025.
Are You Eligible for SSI?
To qualify for SSI, you must meet income and resource limits and fit one of the following criteria:
- Be 65 or older
- Be blind or have a qualifying disability
You must also have limited financial resources: no more than $2,000 for individuals or $3,000 for couples. Resources include cash, bank accounts, and investments, but your primary home and personal vehicle are typically excluded from this calculation.
What You Should Do Next
If you rely on Social Security or SSI, double-check your payment schedule to know when to expect your funds. For personalized information, you can access your account on the Social Security Administration’s official website or speak with a representative directly.
The early payment in December is part of the SSA’s standard procedure and will not affect your benefit amount overall. Instead, it’s a way to ensure you receive your funds on time—even during the holiday season.
Stay prepared and plan your budget accordingly to make the most of this double-payment period!
