Social Security update: February direct payment worth $943 goes out in 21 days

The first Supplemental Security Income payment of 2024, worth up to $943 for individual filers, will go out to recipients in three weeks.

The payment will be released on Feb. 1, and it marks the first payment of the new year because no payment was issued in January. Recipients were given two payments in December 2023 instead because of a scheduling quirk in the Social Security Administration’s calendar.

Recipients get two paychecks in the span of one month if the first of the following month lands on a federal holiday or weekend. Jan. 1 is always a federal holiday, so beneficiaries get two payments in December to ensure every recipient is paid by the first of the month.

The amount each person receives varies depending on whether the recipient qualifies for the payment as an individual filer, joint filer, or essential
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