On July 10, hundreds of Americans might receive a special payment from the Social Security Administration (SSA). These payments are meant for people who started getting Social Security benefits from May 1997 onward and have birthdays between the 1st and 10th of any month.
If you meet certain requirements, this payment could be as much as $4,873. Let’s break down who is eligible and what you need to know about these payments.
Who Will Get Payments on July 10?
To qualify for the maximum Social Security payment of $4,873 on July 10, there are specific conditions you must meet. The most important is that you must have started collecting your Social Security benefits at age 70. But that’s not all—there are other requirements you need to fulfill to get the full amount.
Requirements for the Maximum Payment
Here’s what you need to qualify for the maximum payment:
- File at Age 70: You must have started collecting your Social Security benefits at age 70. This is the earliest age at which you can qualify for the highest possible monthly payment.
- Work History: You must have worked and paid payroll taxes for at least 35 years. The Social Security Administration calculates your benefits based on your highest 35 years of earnings.
- High Earnings: You must have earned the maximum taxable amount for Social Security for 35 years. This means you need to have been at the top of the income scale for a long period.
If you meet all these criteria, you could receive up to $4,873. If you don’t meet all the conditions, your payment will be lower.
Payments for Other Birthdays in July
If your birthday falls later in July, your payment will arrive on a different date:
- Birthdays between the 11th and 20th: Payment will be on July 17.
- Birthdays between the 21st and 31st: Payment will be on July 24.
The eligibility requirements for these payments are the same as those for the July 10 payment.
Special Payment on July 3
There is also a special payment scheduled for July 3. However, this payment is only for those who started receiving benefits before May 1997. To qualify, you must be at least 97 years old. This is a unique payment intended for those who have been receiving benefits for a very long time.
In summary, if you started getting Social Security benefits from May 1997 onward and your birthday is between the 1st and 10th of the month, you could receive up to $4,873 on July 10. Meeting all the requirements—filing at age 70, having a long work history, and earning the maximum taxable amount for 35 years—is essential to qualify for the maximum payment.
For those with birthdays later in the month, payments will be made on July 17 or July 24. If you began receiving benefits before May 1997 and are at least 97 years old, there’s also a payment on July 3.
FAQ
Who is eligible for the maximum Social Security payment on July 10?
To be eligible for the maximum payment of $4,873, you must have started receiving benefits at age 70, worked and paid payroll taxes for at least 35 years, and earned the maximum taxable amount for Social Security for 35 years.
What if my birthday is after the 10th of the month?
If your birthday is between the 11th and 20th, you will receive your payment on July 17. If your birthday is between the 21st and 31st, you will get your payment on July 24.
Will there be a payment on July 3?
Yes, there is a payment on July 3, but it is only for those who started receiving benefits before May 1997 and are at least 97 years old.
How can I ensure I meet the requirements for the maximum payment?
Make sure you filed for Social Security benefits at age 70, have worked for at least 35 years, and earned the maximum taxable amount for those years.
What if I don’t meet all the conditions for the maximum payment?
If you don’t meet all the requirements, you will still receive a payment, but it will be lower than the maximum amount.
