How much you could get from SSI (2024)

FAQs

How much you could get from SSI? ›

The maximum monthly SSI payment for 2024 is $943 for an individual and $1,415 for a couple. Your amount may be lower based on your income, certain family members' income, your living situation, and other factors.

If you have a personal my Social Security account, you can get an estimate of your future retirement benefits and see the effects of different retirement age scenarios. If you don't have a personal my Social Security account, create one at www.ssa.gov/myaccount.

Effective January 1, 2024 the Federal benefit rate is $943 for an individual and $1,415 for a couple. Some States supplement the Federal SSI benefit with additional payments.

Note that there is no back pay maximum, either for SSDI or SSI.

What Is the Maximum Social Security Payment? The maximum monthly benefits for SSI, SSDI, and retirement in 2024: Supplemental Security Income (SSI) – The maximum payment is $943 monthly for individuals and $1,415 monthly for couples.

Generally, the more countable income you have, the less your SSI benefit will be. If your countable income is over the allowable limit, you cannot receive SSI benefits. Some of your income may not count as income for the SSI program.

What is the lowest disability payment? ›

According to the Social Security Administration, the SSDI payment people get can be between $100 and $3,627. It will all depend on the person'a working history and only on that. People may get $100 as the lowest aid they get but there are very rare occassions where they get that.

Many people who are eligible for SSI may also be entitled to Social Security benefits. In fact, the application for SSI is also an application for Social Security benefits.

Yes, it can. If you live in your own place and pay your own food and shelter costs, regardless of whether you own or rent, you may get up to the maximum Supplemental Security Income (SSI) amount payable in your State.

You can usually expect your back pay and first monthly check to start 30-90 days after the award letter. As far as insurance is concerned, if you were approved for SSI, you will receive Medicaid benefits automatically depending on the state you live in.

The basic monthly SSI payment for 2024 is the same nationwide. It is: —$943 for one person. —$1,415 for a couple.

Count the months between your EOD and application date to determine retroactive months. The number of months between the EOD and approval date, minus the five-month waiting period, plus the retroactive months, times your monthly payment equals the total amount of back pay due.

The point is that if you earned $120,000 per year for the past 35 years, thanks to the annual maximum taxable wage limits, the maximum Social Security benefit you could get at full retirement age is $2,687.

If your pay at retirement will be $100,000, your benefits will start at $2,026 each month, which equals $24,315 per year. And if your pay at retirement will be $125,000, your monthly benefits at the outset will be $2,407 for $28,889 yearly.

Here's an explanation for how we make money . If you're planning for retirement, one of your key questions is how much you can earn from Social Security – what's the maximum you can get? As of January 2024, the maximum benefit you can receive at full retirement age is $3,822 per month.