US Government Announces Thousands Of Checks Of Up To $4,873 In This Week

By Elena Cordelia

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Social Security Payment Schedule

Are you eagerly waiting for your July Social Security check? Many retirees in the United States are in the same boat. Understanding the payment schedule can help you plan better. This guide will explain when you’ll get your payment, who qualifies, and how much you can expect. Let’s break it down.

Social Security Payment Schedule

The Social Security Administration (SSA) has a schedule that determines when you get your payment each month. This schedule is based on different factors, including your birth date and the type of benefit you receive. For June 26, 2024, it’s the last retirement payment date for the month.

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Who Gets Paid on June 26?

Not everyone will receive their Social Security payment on June 26. Here’s who qualifies:

  • Birth Date: Your birthday must be between the 21st and 31st of any month.
  • Application Date: You must have applied for Social Security benefits after May 1997.

Types of Benefits Paid on June 26

On June 26, different types of beneficiaries might receive their payments, including:

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  • Retirement Benefits
  • Disability Benefits
  • Widow’s or Widower’s Benefits
  • Other Special Benefits

The type of benefit doesn’t affect the payment date for June 26.

How Much Will You Get?

The amount you receive depends on your work history. Here’s a breakdown:

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  • Maximum Retirement Benefit: If you’ve maximized your earnings, you could receive up to $4,873.
  • Maximum Disability Benefit: The maximum for disability benefits is $3,822.

Additionally, due to the Cost of Living Adjustment (COLA), the payment in June 2024 will be 3.2% higher than the same month last year.

Tips for Getting Your Payment

To get your money quickly, consider these tips:

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  • Check Eligibility: Make sure you meet the requirements for the June 26 payment.
  • Direct Deposit: Activate Direct Deposit to get your money directly in your bank account without any delays.

Knowing the schedule and your eligibility for Social Security payments can help you manage your finances better. If your birthday falls between the 21st and 31st, and you applied after May 1997, expect your check on June 26. Keep track of your payment dates, and consider setting up Direct Deposit to get your funds faster.

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Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us via email. 

Elena Cordelia

Elena is a seasoned tax consultant with a decade of expertise in income tax management. Graduating with top honors in Finance, she embarked on a career journey focused on simplifying tax complexities. Elena's insightful articles on thecsc.org provide practical guidance to taxpayers.

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