As 2024 comes to a close, millions of Americans are looking forward to their final Social Security payments of the year. These monthly payouts offer essential support for retirees, disabled individuals, survivors, and their families.
If you’re already receiving benefits or plan to apply soon, it’s important to know the exact payment dates, eligibility rules, and upcoming 2025 changes. Let’s break it down simply so you can make the most of your Social Security income.
Three Remaining Social Security Payouts in 2024
Here are the final three Social Security payment dates before the year ends:
| Date | Who Gets Paid |
|---|---|
| December 11, 2024 | People born between the 1st and 10th of any month |
| December 18, 2024 | People born between the 11th and 20th |
| December 24, 2024 | People born between the 21st and 31st |
If you receive your benefits through direct deposit or prepaid debit card, the money will arrive on your scheduled date. Make sure your banking details or mailing information is updated to avoid any delays.
Who Is Eligible for These Payments?
To receive Social Security benefits, you must meet the following basic requirements:
- Work History: At least 10 years of work (40 credits) in jobs that paid into Social Security
- Age: You can begin retirement benefits at age 62, but full benefits start at full retirement age (FRA)—around 66–67, depending on your birth year
- Citizenship: U.S. citizens and eligible non-citizens can qualify
Types of Benefits Available:
- Retirement benefits: Based on your lifetime earnings
- Disability benefits (SSDI): For those who can’t work due to disability
- Survivor benefits: For spouses, children, or dependents of deceased workers
- Spousal benefits: Up to 50% of your spouse’s full retirement amount
Even if you haven’t worked much, you may still qualify through a spouse or parent. Always check with the Social Security Administration (SSA) to understand your specific eligibility.
How to Prepare for the Final Payments of 2024
Step 1: Check Your Enrollment
Log into your “My Social Security” account at ssa.gov to confirm you’re enrolled and active.
Step 2: Update Payment Method
Verify your direct deposit or debit card details to make sure the payments reach you without issues.
Step 3: Track Your Payment Dates
Set reminders for Dec 11, 18, or 24 based on your birth date to help with budgeting and avoid missed bills.
Step 4: Understand Tax Rules
If your total income (Social Security + other sources) is high, a portion of your benefits may be taxed. For individuals earning over $25,000 or couples over $32,000, benefits may be partially taxable. Plan ahead and speak to a tax advisor if needed.
Step 5: Review Your Earnings History
Make sure your work and income records are correct. Missing or incorrect years could reduce your benefit. Check this through your SSA account.
What’s New in 2025 for Social Security?
Here’s what to expect in the upcoming year:
| Update | Details |
|---|---|
| COLA Increase | 2.5% boost in monthly payments |
| New Average Benefit | From $1,927 to $1,976 |
| New Maximum Benefit | Up to $5,108/month for those retiring at 70 |
| Same Payment Schedule | Based on birth date: 2nd, 3rd, or 4th Wednesday each month |
These increases help protect your income from inflation, which is especially helpful for seniors on a fixed budget.
Tips to Maximize Your Social Security Benefits
Delay Claiming If Possible
Waiting until age 70 to claim benefits can increase your monthly check by up to 24%. For example:
- Claiming at 67: $2,000/month
- Claiming at 70: $2,480/month
Work 35 Years or More
Social Security calculates your payment based on your 35 highest-earning years. If you worked fewer years, they count zeros, which lowers your benefit.
Keep Your Records Accurate
Errors in your earnings report can lower your payments. Check your Social Security statements regularly and report any mistakes.