New Social Security Deposit Drops on May 1: Selected Americans Receive $1450

New Social Security Deposit Drops on May 1 Selected Americans Receive $1450

Every month, the Social Security Administration (SSA) provides important financial support to millions of Americans through the Supplemental Security Income (SSI) program.

These payments help vulnerable groups, such as the elderly and people with disabilities, meet their basic needs like food, housing, and healthcare. Let’s take a closer look at what you need to know about the upcoming SSI payment for May 2025.

When Will SSI Payments Be Made in May 2025?

For May 2025, SSI payments will be deposited on Thursday, May 1, 2025.

Usually, SSI payments are made on the first day of each month. If the 1st falls on a weekend or a public holiday, the deposit is sent earlier on the last working day before that. But in May 2025, May 1 is a normal business day, so there will be no changes to the schedule.

How Much Will You Receive in May 2025?

Thanks to the Cost-of-Living Adjustment (COLA) applied in January 2025, SSI amounts have increased to help beneficiaries handle rising prices. Here are the 2025 SSI payment amounts:

  • A single person will receive $967 per month.
  • A married couple receiving SSI will get $1,450 per month.
  • An “essential person” (someone who takes care of an SSI recipient) will be paid up to $484 per month.

These increases ensure that beneficiaries maintain their purchasing power despite inflation.

Important Note: Why You’ll See an “Extra” Deposit in May

Here’s something important for SSI recipients to know:

  • You will see an additional deposit on May 30, 2025.

Why? Because June 1, 2025, falls on a weekend, and the SSA always sends payments early if the 1st falls on a non-business day. So, your June 2025 payment will be advanced and paid on Friday, May 30, 2025.

This is not an extra monthly payment—it’s just your June payment arriving earlier.

New Social Security Deposit Drops on May 1: Selected Americans Receive $1450
Source (Google.com)

Who Can Qualify for SSI Benefits?

SSI is designed for people with limited income and resources, and to qualify, you must meet at least one of these conditions:

  • Be 65 years or older,
  • Or be blind,
  • Or have a disability that stops you from working.

In addition, applicants must be US citizens or legal residents under certain immigration conditions.

The SSA checks your financial and medical records carefully before approving your application. You will need to provide documents like:

  • Proof of income and resources,
  • Medical certificates confirming your condition,
  • Proof of citizenship or legal status.

2025 SSI Income and Resource Limits

To qualify for SSI in 2025:

  • A single person must have monthly income no higher than $2,019.
  • For couples, the limit is higher but depends on the situation.
  • Your resources (like savings) must be less than $2,000 for individuals and $3,000 for couples.
  • Your main home and one vehicle are not counted as resources.

Some states also add extra payments to SSI, so depending on where you live, your benefits could be a little higher.

How Many People Receive SSI?

According to SSA data, in January 2025, about 7.39 million people were receiving SSI benefits:

  • Around 1.19 million were adults aged 65 or older,
  • The rest were people under 65 with disabilities or blindness.

The SSA keeps a close watch on these numbers every year to plan budgets and decide if more funds are needed for this important program. Remember, unlike Social Security Disability Insurance (SSDI) or retirement benefits, SSI does not require you to have a work history where you paid Social Security taxes.

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