The Social Security Administration launches various schemes to provide financial support to senior citizens or individuals with low income. These payments help millions of US citizens cope with inflation and the rise in the cost of living. There are many individuals who do not have the money to even fulfil their basic needs like food and shelter. These payments provide them with monetary aid and help them manage their basic expenses. For most of the citizens, this payment is the main and only source of income.
$500-$1,200 Monthly Help Checks
Along with various benefits come rumours. The $500-$1200 scheme is one of them. It is expected by citizens that they will receive $500-$1200 direct deposit checks. There is yet no official announcement for this payment. The payment of this benefit will not be distributed until the government’s order. However, if you want to know about this benefit in detail, you can refer to the article given below.
| Particulars | Details |
| Program Name | Direct Deposit Checks |
| Providing Authority | Social Security Administration |
| Country | USA |
| Payment Amount | $500—$1200 |
| Payment Type | Monthly |
| Fact check | Not yet confirmed |
| Beneficieries | Retirees, disabled people, and individuals with low income. |
| Category | Government Aid |
| Official Website | Social Security Administration |
$500-$1,200 Monthly Help Checks for Seniors in US
There is no official announcement yet from the US government about the $500-$1200 monthly help checks. Although there are many other schemes that are beneficial for eligible people with low or no income, retirees, and disabled individuals. This payment will be a rumour until any official notice by the government. This benefit will only be received by those who are eligible for it. If approved, this payment will be distributed on a monthly basis. This payment will be very helpful for those who are dependent on social service payments.
Citizens or permanent residents of the US may be qualified for this amount. It will be a maximum of $1,200 for an individual and $2,400 for married individuals in case they file a joint return. If you have a qualifying child, you may receive an additional $500 for each eligible child. The amount that you receive may vary based on the number of eligible individuals and children and your adjusted gross income.
Who Will Get It?
- Age Requirement: To be eligible to receive the benefit, an individual must be at least 62 years old or older. If a child falls under the category of minor (under the age of 17), he/she will be able to receive additional benefits.
- Citizenship or Residence: The individual must be either a citizen of the US or a permanent resident to qualify for this payment.
- Social Security Number (SSN): The applicants who are applying for the benefit must have a valid Social Security Number (SSN) with updated information to prove that they are legal citizens of the US.
- Income Threshold: Applicants must have a low income. Their incomes must be under the limit set by the government, which is around $75,000 for individuals and $150,000 for couples.
- Other Benefit Recipients: Those who are already receiving other benefits such as Social Security Insurance (SSI), Social Security Disability Insurance (SSDI), or Veterans Affairs (VA) may qualify for this benefit.
Payment Schedule
If the payment is started by the official announcement of the government, it may possibly start in January 2025. The payment schedule and mode will be as follows:
- There are no official dates yet announced by the US government. However, the beneficiaries will be able to collect the payment after the assignment of officials dates according to their birth dates.
- Those who are already beneficiaries of SSDI may get their payments depending on their birth date, such as people born between 1 and 10, who will receive their monthly benefit on the 2nd Wednesday of January 2025. Same as people born between 11 and 20 will receive their monthly benefit on the 3rd Wednesday of January 2025 and people born between 21 and 31 will get their payment on the 4th Wednesday of January 2025.
- The payment will be deposited directly into the bank accounts of eligible applicants every month. The payment can also be claimed by other methods, such as paper checks.
FAQs
Are the rumours about the $500-$1,200 monthly help checks for seniors in the US true?
No, it is still a rumour, as there have been no official announcements from the government or SSA.
Do I have to apply to receive this payment?
If you’re already receiving benefits like SSI, SSDI, or VA, you need not apply for this payment as it will directly be deposited in your bank accounts.
Is there any income limitation for this payment?
Yes, the applicants who are applying for this income, their incomes must be under the limit set by the government, which is around $75,000 for individuals and $150,000 for couples.