Social Security update: February direct payment worth $943 goes out in 20 days

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

The payment will be released in 20 days, 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 instead. 

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 got two payments in December. This is to ensure that 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 person.

This year, individual filers will receive
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