$134/Day Approved For SSA, SSDI, SSI & Low Income In August 2024: Here's Payment Schedule & Requirements
Distribution Timeline Start Date: Payments will begin on August 1, 2024. Daily Payments: Eligible individuals will receive $134 each day throughout August.
Payment Methods – Direct Deposit: Payments will be deposited directly into recipients' bank accounts. Ensure your direct deposit information is up-to-date to avoid delays.
SSA Beneficiaries Current Recipients: Individuals currently receiving Social Security benefits automatically qualify for the daily payments.
SSDI Beneficiaries Disability Status: Individuals receiving SSDI benefits due to a qualifying disability are eligible.
SSI Beneficiaries Income and Asset Limits: Recipients of SSI benefits, based on low income and limited assets, qualify for the daily payments.
Low-Income Individuals Income Thresholds: Individuals with incomes below the federal poverty line are eligible.
Application Process Automatic Payments: Most eligible individuals will receive payments automatically based on their existing SSA, SSDI, or SSI status.
Notification and Tracking SSA Notifications: The SSA will provide notifications regarding payment status and expected delivery dates. Ensure your contact information is accurate.
Tax Implications Non-Taxable Income: The $134 daily payments are considered non-taxable income and will not affect your tax liability for the year.
Verify and Update Information SSA Portal: Use the SSA online portal to verify and update your direct deposit information, mailing address, and other relevant details.