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There has been a widespread rumor that the Social Security Administration (SSA) will provide a benefit ranging from $15,060 to $20,440 in 2024 to low-income seniors and disabled individuals.
This rumor suggests that one million citizens will receive this benefit. However, after thorough investigation, it has been confirmed that this information is false and no such payment has been approved by the SSA.
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The rumor claims that the SSA will provide an annual benefit of $15,060 to single-person households and $20,440 to two-person households. This supposed benefit is intended to help low-income seniors and disabled individuals, based on their income being below the federal poverty line. However, this claim has been debunked as the SSA has not authorized any such payments.
The SSA provides various benefits to citizens, including retirement benefits, Social Security Disability Insurance (SSDI), and Supplemental Security Income (SSI). These benefits are crucial for individuals who are retired, disabled, or unable to meet daily expenses. The minimum age to claim Social Security retirement benefits is 62 years.
To be eligible for the basic Social Security benefits, recipients must meet the following criteria:
While the rumor of a one-time benefit of $15,060-$20,440 has been proven false, eligible beneficiaries will continue to receive their regular Social Security payments. Here is the payment schedule for July 2024:
| Benefit Name | Payment Day | Payment Date |
|---|---|---|
| Social Security (born 1st-10th) | 2nd Wednesday | July 10, 2024 |
| Social Security (born 11th-20th) | 3rd Wednesday | July 17, 2024 |
| Social Security (born 21st-31st) | 4th Wednesday | July 24, 2024 |
The rumor regarding a new one-time payment of $15,060-$20,440 for low-income seniors and disabled individuals in 2024 has been debunked. No such payments have been approved by the SSA. Beneficiaries should continue to rely on their regular Social Security benefits and refer to the official SSA website for accurate and up-to-date information.
The rumor suggests that the SSA will provide an annual benefit of $15,060 for single-person households and $20,440 for two-person households in 2024. This has been proven false.
No, the SSA has not confirmed any such payments. The rumor is false.
The SSA provides monthly payments for retirement benefits, SSDI, and SSI based on eligibility criteria.
Eligibility includes being a U.S. resident, at least 62 years old, having a disability condition (for SSDI and SSI), paying Social Security taxes, and having a valid Social Security Number.
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Elena is a seasoned tax consultant with a decade of expertise in income tax management. Graduating with top honors in Finance, she embarked on a career journey focused on simplifying tax complexities. Elena's insightful articles on thecsc.org provide practical guidance to taxpayers.
