SSDI

Your Ssdi (Disability Benefits): December 2023 Payment Calendar

Your Ssdi (Disability Benefits): December 2023 Payment Calendar. If you’re on Social Security Disability Insurance (SSDI), get ready to mark your calendars for the upcoming payment schedule in December 2023. This guide will help you navigate the specifics and ensure you receive your benefits promptly.

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Early Arrival for December Paychecks

For SSDI recipients, the usual payday is the 3rd of the month. However, in December 2023, you’ll be receiving your funds a bit earlier – on December 1st. This change is due to the 3rd falling on a weekend, allowing you to collect your payment on the last business day of November.

Double the Benefit SSI and SSDI Recipients

If you are fortunate enough to receive both Supplemental Security Income (SSI) and SSDI, you’re in for a treat. Your dual benefits will arrive on the 1st of December 2023, providing a double financial boost.

Additional Paydays in December

The Social Security Administration (SSA) payment schedule outlines three more paydays for SSDI recipients after the initial December 1st distribution. Your eligibility depends on both your disability benefit start date and your birthdate.

December 13th: If you began receiving benefits after May 1997, and your birth date falls from the 1st to the 10th of the month, your payday is on December 13th.
December 20th: For those with birthdays from the 11th to the 20th of the month, your second opportunity to receive funds in December is on the 20th.
December 27th: The last chance to receive your SSDI check in December is on the last Wednesday of the month if your birthday falls from the 21st to the 31st.

Determining Your December SSDI Payment

The amount you receive in December depends on various factors, including your age when you filed, your work history, and previous earnings. While an optimal scenario could yield up to $3,627 for those who worked for 35 years with the maximum taxable earnings, the average SSDI payment in 2023 is around $1,489.

No COLA Boost in 2023

Unfortunately, there won’t be a Cost of Living Adjustment (COLA) increase for SSDI payments in 2023. This is different for SSI beneficiaries, who can anticipate a 3.2% increase in 2024. The average SSI payment will rise to about $1,537, with the boost arriving on December 29th, serving as their January 2024 payment in advance.

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Conclusion

December 2023 brings anticipation for SSDI recipients with an early payout, multiple paydays, and insights into payment calculations. While COLA adjustments won’t impact SSDI, a boost awaits SSI beneficiaries in 2024. Plan wisely for a financially secure month.