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Social Security Supplemental Income 2022 — $2,523 in direct payments still going out this year – how to get yours

Will SSI claimants get a fourth stimulus check?
Difference between SSI and SSDI explained
How much SSI pay you will get in 2022
How much you can earn in 2022 and qualify for SSI

AMERICANS who receive SSI payments can expect three more direct payments this year up to $2,523.

To qualify for Supplemental Security Income you must be over the age of 65, blind, or disabled and have less than $2,000 in assets or $3,000 for couples.

SSI benefits are determined by income, however, the national average is $621 per month with a maximum amount of $841, according to the Social Security Administration.

The monthly maximum is altered every year to reflect the new cost of living adjustment (COLA).

SSI recipients will receive three more benefit checks this year on the first of every month, which could be up to $2,523.

Read our Supplemental Security Income live blog for the latest news and updates...

  • Jennifer Korn

    What is CPI?

    Companies may use the Consumer Price Index, or CPI, to decide how much to modify compensation owing to inflation.

    One of the most often used measures for measuring inflation is the Consumer Price Index.

  • Jennifer Korn

    Backlash against Johnson’s comments

    Wisconsin Lieutenant Governor Mandela Barnes shared his displeasure with Mr Johnson’s comments on Twitter.

    Senate Minority Leader Mitch McConnell previously rejected a similar proposal from Senator Rick Scott, but Mr Johnson considered Scott’s plan to be a “positive thing.”

  • Jennifer Korn

    Senator Ron Johnson suggests discretionary spending, continued

    Mr. Johnson used Defense and Veteran Affairs as examples of programs where discretionary spending is used.

    “What we ought to be doing is we ought to turn everything into discretionary spending so it’s all evaluated so that we can fix problems or fix programs that are broken, that are going to be going bankrupt,” he said.

    Senate Majority Leader Charles E. Schumer said Democrats would push back against any attempts to “pull the rug out from under our seniors.”

  • Jennifer Korn

    Senator Ron Johnson suggests remodeling Social Security

    Mr. Johnson suggested ending Social Security and Medicare as federal entitlement programs and instead having congress approve them yearly.

    The two programs would rather be regarded as discretionary spending.

    In an interview, he said, “Our problem in this country is that more than 70 percent of our federal budget and spending is all mandatory spending. It’s on automatic pilot.”

    Because of this, he said these programs don’t get the proper oversight they need which leads to programs “going bankrupt.”

  • Jennifer Korn

    Social Security payment schedules depend on birthdays

    Anyone whose birthday falls between the 1st and the 10th of a month can expect to get their money on the second Wednesday of each month.

    Those whose birthday fall between the 11th and the 20th of the month can expect to receive their benefits on the third Wednesday of each month.

    For anyone with a birthday that falls between the 21st and the 31st of the month can expect to get their payment on the fourth Wednesday of each month.

  • Jennifer Korn

    How remarriage affects SSI

    If you are getting remarried, your SSI payment amount may change as a result of your new spouse’s income and resources.

    If you and your new spouse both get SSI, your payment amount will change from an individual rate to a couple’s rate.

    To determine the SSI benefit amount a couple is eligible to receive, their combined countable income is deducted from the federal benefit rate.

    The result is then divided equally and paid to the couple in separate checks. 

  • Jennifer Korn

    How remarriage affects survivor benefits

    If you decide to remarry before turning the age of 60, you will lose eligibility for survivor benefits on the prior marriage.

    So, if your survivor benefits are part of your main income source, this is something that you might want to take into consideration.

    Remarrying after turning 60 years old has no effect on survivor benefits.

    If you simply got divorced and later decide to remarry, the benefits paid to you from your prior spouse’s account stop.

  • Jennifer Korn

    Remarriage and Social Security

    Remarriage does not affect a person’s Social Security retirement benefits.

    This is because these payments are calculated based on your and your spouse’s individual earnings histories.

  • Jennifer Korn

    Social Security tax rate revealed

    The tax rate for 2022 earnings sits at 6.2 percent each for employees and employers.

    So individuals earning $147,000 or more in 2022 would contribute $9,114 to the OASDI program, and their employer would contribute the same amount, according to the Social Security Administration.

    For those who are self-employed, the OASDI tax rate is 12.4 percent.

  • Jennifer Korn

    How do Social Security claimants pay taxes?

    If it turns out that you do owe taxes on your benefits, you can opt to make quarterly estimated payments to the IRS, or you can choose to have federal taxes withheld when you initially apply for benefits.

    You can choose 7 percent, 10 percent, 12 percent, or 22 percent of your monthly benefit withheld for taxes.

    We explain five changes hitting Social Security in 2022.

  • Jennifer Korn

    Do Social Security claimants need to pay taxes?

    In January of each year, you’ll be notified of how much you received in benefits during the previous year.

    This Social Security benefits statement is a form SSA-1099 and can be used to help you complete your tax return.

    By using this form, you’ll find out if your monthly benefits are subject to tax.

    If by February you’ve not received this form, or if you’ve misplaced it, you can request a new one using your online social security account.

  • Jennifer Korn

    Go back to work for a boost

    An individual’s benefits are calculated based on covered earnings, which are received from working.

    The Social Security Administration ranks all of a person’s covered earnings from one’s work years and takes the highest 35 values.

    This ranking is used to form average indexed monthly earnings, which is then used to calculate the benefit amount a person will receive.

    If a person decides to keep working, it is possible to increase the average indexed monthly earnings, and therefore, the person’s monthly benefits would also increase.

  • Jennifer Korn

    Withdraw application for a boost

    Another option is a complete withdrawal of the application.

    This option is for people who regret claiming and do not foresee themselves re-claiming in the near future.

    It’s only available if it’s been less than 12 months since you decided to claim.

    You will need to repay all the benefits you received in order to reverse your decision.

    To suspend or withdraw your application, you can ask the Social Security Administration (SSA) either over the phone or in writing.

  • Jennifer Korn

    Suspend benefits for a boost

    If an individual is between full retirement age (FRA) and the age of 70 and is already receiving benefits, they can still stop monthly checks and restart them later in order for benefits to start growing again.

    During a suspension, a person can earn delayed retirement credits, which boosts the eventual benefit by 8 percent each year.

    You can only earn delayed retirement credits until the age of 70 though, meaning there’s no point to delay them further beyond that.

  • Jennifer Korn

    Does everyone get the same SSI?

    Not everyone gets the same SSI amount.

    You may get more if you live in a state that adds money to the federal SSI payment.

    You may get less if you have other income such as wages, pensions, or Social Security benefits.

    You may also get less if someone pays your household expenses or if you live with a spouse and he or she has income.

  • More differences between SSI and SSDI

    While SSI and SSDI are similar in that they both give payments to those with long-term impairments, there are some significant variations between the two programs.

    The key distinctions between SSI and SSDI are as follows:

    • The basic qualifying eligibility criteria.
    • Amount of monthly benefits available.
    • Access to government health insurance (Medicaid and Medicare).
    • When payments start
  • SSI and SSDI: What’s the difference?

    Disability benefits are provided by the Social Security Administration (SSA) through two independent programs: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).

    While both SSI and SSDI employ the same concept of “individuals with disabilities” to determine eligibility for payments, there are some significant distinctions between the two programs.

  • Five reasons you might not receive SS benefits

    There are a few reasons you might not receive Social Security benefits.

    They include:

    • If you moved overseas to a certain country (countries like Cuba and North Korea will restrict you from receiving Social Security benefits)
    • If you don’t qualify for spousal benefits
    • If you didn’t work enough
    • If you’re working while claiming
    • If you were a federal or a railroad worker (some workers who paid into other retirement systems might not be eligible for Social Security benefits)
  • Does everyone get the same SSI?

    Not everyone gets the same SSI amount.

    You may get more if you live in a state that adds money to the federal SSI payment.

    You may get less if you have other income such as wages, pensions, or Social Security benefits.

    You may also get less if someone pays your household expenses or if you live with a spouse and he or she has income.

  • Texas residents may qualify for assistance

    Qualified Texas homeowners and renters get receive assistance from Texas Utility Help.

    Eligible expenses include electricity, gas, propane, water, and wastewater.

    According to the website:

    • Homeowners and renters are both eligible to apply. Eligible property types include single-family homes, multi-family buildings, and mobile homes
    • Once a household’s application is approved, payment is sent directly to the utility company
    • Households who provide proof of participation in the following programs are considered categorically eligible, meaning they do not need to submit income documentation: Supplemental Security Income payments from the Social Security Administration (SSI) and Means-Tested Veterans Program recipient (Veterans Pension or Survivors Benefit, not Service-Connected Disability).
  • IRS Protect Your Clients; Protect Yourself, part two

    The IRS also recommends that any online businesses, commerce, and banking only be done while using a secure browser connection.

    This means never at a coffee shop, restaurant, or other business offering free wifi.

    Additionally, be cautious of email attachments and web links. Don’t open a link or attachment that arrives unexpectedly. 

    Always call the sender to confirm receipt and validity of any unexpected links or attachments before opening.

    Head to the IRS website for all other recommendations.

  • IRS Protect Your Clients; Protect Yourself

    The IRS recently announced that the Security Summit partners ended their last summer education campaign.

    They’ve outlined steps for tax professionals to help clients identify theft from related tax-fraud scams.

    The “Protect Your Clients; Protect Yourself” campaign urges tax professionals to secure their computer systems and protect client data following the pandemic and its aftermath.

    With the increase of work-from-home, the IRS and Security Summit partners urge the use of virtual private networks, or VPNs, to securely conduct business. 

  • Losses from scams

    Victims can suffer huge losses, in one example a 74-year-old liquidated more than $500,000 in retirement savings after he had been threatened with arrest.

    The government has been able to recover some money before it was too late.

    Officials also managed to intercept a package earlier this year while it was en route to a fraudster which contained $20,000 in cash after a victim reported it.

  • How many scams were reported?

    There were more than 568,000 reports of Social Security-related scam attempts last year, which amounted to over $63.6million in losses to the victims, according to the agency.

    It has already received more than 31,000 Social Security-related scam complaints this year.

    Many more incidents possibly go unreported due to shame or embarrassment, government officials say.

  • Reporting Social Security scams

    If you suspect an email you got from the Social Security Administration may be fraudulent, you’re urged to avoid responding or clicking on any links in the message.

    The SSA said you should report the email by forwarding it to the US Computer Emergency Readiness Team (US-CERT) at [email protected].