SSA Payment Schedule Increase 2023

The Social Security Administration is the topic of discussion that will be covered in this article. Topics covered will include the SSA Payment Schedule, Payment Increase, Calculator, and Online Payment.

SSA Payment Schedule Increase 2023

The Social Security Administration has issued the timetable for the 2023 payment of Social Security benefits. On their birthdays, more than 65 million people get Cost of Living Adjustments from the Social Security Administration. The above-mentioned lines are briefly explained in a timetable provided further down in this text.

Born Between 
1 & 10 11 & 20 21 & 31
January 11, 2023 January 18, 2023 January 25, 2023
February 8, 2023 February 15, 2023 February 22, 2023
March 8, 2023 March 15, 2023 March 22, 2023
April 12, 2023 April 19, 2023 April 26, 2023
May 10, 2023 May 17, 2023 May 24, 2023
June 14, 2023 June 21, 2023 June 28, 2023
July 12, 2023 July 19, 2023 July 26, 2023
August 9, 2023 August 16, 2023 August 23, 2023
September 13, 2023 September 20, 2023 September 27, 2023
October 11, 2023 October 18, 2023 October 25, 2023
November 8, 2023 November 15, 2023 November 22, 2023
December 13, 2023 December 20, 2023 December 27, 2023

The Social Security Administration (SSA) has uploaded a PDF version of the SSA Payment Schedule 2023 onto their official website. Links to this document can be found further down in this post.

Millions of people have signed up for the Cost-of-Living Adjustment (COLA) program since the federal government launched it a year ago to help the elderly. Individuals born on or after January 11th, between January 11th and 20th, or between January 21st and 31st, have already received their $1,827 SSA payment checks, which were mailed on January 11th, January 18th, and January 25th, respectively.

SSA Payment Schedule Increase
SSA Payment Schedule Increase

SSA Payment Increase 2023

We have provided a scheduled table below with which you can check the SSA Payment or COLA increase in 2023.

Categories In Tax Rate 2022 Year 2023 Year
Employee 7.65% 7.65%
Self- Employed 15.30% 15.30%
Maximum Taxable Income Not Available Not Available
Medicare No Limit No Limit
Social Security Only For OASDI $147,000 $160,200
Retirement Income Exam With Exempted Amounts Not Available Not Available
Under Full Retirement Plan $19,560 Per Year $21,240 Per Year
Reaching Retirement Age This Year $51,960 Per Year $56,520 Per Year
Social Security Disability Thresholds Not Available Not Available
Non-Blind Candidates $ 1,350 /month $1,470 /month
Blind Candidates $ 2,260 /month $ 2,460 /month
Trial Work Period Candidates $  970  /month $ 1,050 /month
Full Social Security Benefit: At The Retirement Age Unavailable Unavailable
Supplemental Security Income Federal Payment Mode Standard Unavailable Unavailable
Independent $ 841 /month $ 914 /month
Couple $ 1,261 /month $ 1,371 /month
Supplemental Security Income Limits of Resource Unavailable Unavailable
Independent $ 2,000 /month $ 2,000 /month
Couple $ 3,000 /month $ 3,000 /month
Supplemental Security Income Exclusion For Students Not Available Not Available
Monthly based Limit $ 2,040 $ 2,220
Annually based Limit $ 8,230 $ 8,950
Avg. Monthly Social Security Benefits To Be Paid In Jan 2023 Before COLA 8.7% Benefits After COLA 8.7% Benefits
Applicants Retired $ 1.681 $ 1,827
Benefits of Aged Couples $ 2,734 $ 2,972
Two children Widowed Mother $ 3,238 $ 3,520
Solo Living Aged Widow $ 1,567 $ 1,704
Disabled Worker, Partner with One or More Children $ 2,407 $ 2,616
All Disabled Applicants $ 1,364 $ 1,483

Please review this table, as it contains information about the 2023 Social Security payment increase. We’ve included the variations between 2022 and 2023 in this table as well.

SSA Payment History 2023

Originally known as the Social Security Board, the SSA is the modern successor of the SSB. The Social Security Administration (SSA) was founded after President Roosevelt signed the Social Security Act. The SSB was a new organization with no history upon which to build its staff, facilities, or finances. Temporary funding and the first personnel were provided by Harry Hopkins and the Federal Emergency Relief Administration.

Frances Perkins, then the Secretary of Labor, approached Arthur Altmeyer with an offer to join the Board. Perkins even offered Altmeyer her own high-backed red leather executive chair because the SSB had none. The Board consisted of the president’s chosen three executives and any extra staff members who might be needed.

Also, Check Below Post

SSA Payment Calculator 2023

The calculator provides an estimate of your Social Security benefits based on your age and past earnings. Find out how much of your daily costs may be covered by your payments and how much your benefits could increase if you delayed collection by using our calculator. It might also show you how much of a hit you’d take on your Social Security benefits if you kept working after retiring. Our simplified calculation uses the national median income and your age as its foundation. Your retirement payout is based on the amount of money you’ve earned while working and paying into the Social Security system.

Your monthly retirement benefit from Social Security is based on the 35 highest salaries you received during your working life. Your salary history is available from the Social Security Administration (SSA). Your initial Social Security payment amount is also determined by your age at the time of application. A greater monthly payment is available to those who wait until full retirement age, now 66 but quickly increasing to 67 for those born in 1960 or later. If you can wait until you’re 70 to start receiving benefits, you’ll get the maximum amount each month.

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My self Subham Chakraborty. I’m an Author and Founder of www.techfortrade.com. I’m from Kolkata and If I talk about my Education then I’m B.com Graduate. I love to share my experience and knowledge with others, that’s why I’m here.

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