If you are receiving Social Security or Disability benefits (SSI and SSDI) and would like to know when your money will be deposited into your account each month, you’ve come to the right place. Not everyone receives their Social Security check on the same date. Understanding the timing of your Social Security direct deposits can help you manage your finances. Here is a breakdown of when to expect Social Security deposits, including the complete Printable 2022 Social Security Payment Calendar.
Number of People on Social Security
Over 64 million people, or more than 1 in every 6 U.S. residents, received Social Security benefits as of June 2020.
This includes Social Security retirement benefits, Social Security Disability Insurance (SSDI), and survivors’ benefits.
The average Social Security retirement benefit is $1,514, which is about $18,170.
For many seniors, this represents their primary source of income. When Social Security benefits are paid each month can be a major factor in helping seniors keep their finances in order.
In this article, we will detail by month when Social Security payments are deposited each month, including what happens when the due dates fall on a weekend or federal holiday.
This Post will Cover:
- How Social Security Payment Schedule Works
- 2022 Social Security Payment Calendar
- How to Print the 2022 Social Security Calendar
- What To Do If You Don’t Receive Your Benefits
- When Should You Take Social Security?
- 2022 Social Security COLA Increase
- 2023 Social Security COLA Increase
- Social Security Payments Questions
- 2021 Social Security Changes You Should Know About
How Social Security Payment Schedule Works
When you get your Social Security benefits depends on your date of birth. Social Security Benefit Payments are always paid one month behind.
Therefore, if, for example, you are entitled to benefits starting in January 2022, you will not receive your first payment until February 2022.
In addition, if you are receiving payments on the record of a retired, disabled, or deceased worker (for example, spousal or survivor benefits), that person’s birthday sets the schedule.
Here’s how the Social Security Payment Calendar works by birthdate:
- If your birthday is between 1st–10th of the month, expect your Social Security payment to be deposited on the 2nd Wednesday of each month.
- If your birthday is between 11th–20th of the month, expect your Social Security payment to be deposited on the 3rd Wednesday of each month.
- If your birthday is between 21st–31st of the month, expect your Social Security payment to be deposited on the 4th Wednesday of each month.
Supplemental Security Income Payments
For those on Supplemental Security Income, your payment schedule is a bit different. They are usually paid on the first day of the month. However, if that day is a weekend or holiday, then the payment gets moved earlier the business day before.
Holidays and Weekends Payments
Whether you are receiving Social Security benefit, Disability or Supplemental Security Income payment, if the date of your payment for a particular month happens to fall on a weekend or holiday, then you will receive your payment on the last weekday before the holiday or in the case of a weekend, the Friday before.
2022 Social Security Payment Calendar
Here is the full 2022 Social Security Payment Calendar for your convenience.
You can also reference the table below for a complete list of dates for the rest of the year.
Here is a simplified version of the 2022 Social Security Payment Schedule.
|2022||SSI||SS & SSDI (Birthdate 1st – 10th)||SS & SSDI (Birthdate 11th- 20th)||SS & SSDI (Birthdate 21st – 31st)||Both SS & SSI|
Printable 2022 Social Security Payment Calendar
If you would like a printable version of the Social Security payment calendar for 2022, we have that for your convenience.
Social Security has a printable calendar showing all the payment dates for 2022.
Click here to download the online version of the calendar.
How to Print the Social Security Calendar
Once you click the link, it will open up a pdf version of the calendar.
You will see a “Printer” icon at the top right corner of the page if you are using a desktop or laptop computer.
Click on the Printer icon to print the calendar.
Next, a window will open up displaying the full calendar for print.
Click the “Print” link on the bottom right side of your screen to print.
What To Do If You Don’t Recieve Your Benefits
If you do not receive your payment on your specified day or date, the Social Security Administration asks that you wait three mailing days before contacting them.
You can contact Social Security at 1-800-772-1213.
When Should You Take Social Security?
For most people retiring now, the full retirement age for Social Security purposes is either 66 or 67, depending on the year they were born.
The table below shows the full retirement age based on the year you were born.
|Year of birth||Age|
|1937 and prior||65|
|1938||65 and 2 months|
|1939||65 and 4 months|
|1940||65 and 6 months|
|1941||65 and 8 months|
|1942||65 and 10 months|
|1955||66 and 2 months|
|1956||66 and 4 months|
|1957||66 and 6 months|
|1958||66 and 8 months|
|1959||66 and 10 months|
|1960 and later||67|
It is possible to begin taking your Social Security retirement benefits as early as age 62.
However, taking your Social Security benefits early can reduce your payments by up to 30% as shown below:
Collecting Social Security early will cost you
As stated above, collecting Social Security before your full retirement age reduces the amount of the monthly benefits you receive.
However, how much your benefit will be reduced depends on the precise age when you start claiming Social Security early.
The example below illustrates this further. In this example, we are assuming that the full retirement age for this person is 67 – which is the FRA for anyone born in 1960 or later.
If your full retirement age is 67, your Social Security benefit is reduced by:
- About 30 percent if you start collecting at 62.
- 25 percent if you start collecting at 63.
- 20 percent if you start collecting at 64.
- 13.3 percent if you start collecting at 65.
- and about 6.7 percent if you start collecting at 66.
2021 COLA Increase
The 2021 Cost of Living Adjustment (COLA) increase for the 70 million Americans who rely on Social Security, VA disability, military retirement is 1.3%.
This compares to the 1.6% cost-of-living adjustment for 2020 and the 2019 COLA increase of 2.8%.
The 2021 increase is very disappointing given the continued increase in healthcare costs that many seniors have to deal with, including Medicare.
According to the Kaiser Health Affair, the average Family Health insurance premiums rose 4% to $21,342 in 2020.
Most retirees enroll in Medicare’s Supplementary Medical Insurance (also known as Medicare Part B).
Premiums for Medicare Part B are deducted directly from Social Security checks.
As health care costs continue to outpace general inflation, those premiums will take a bigger bite out of Social Security checks for many seniors.
Therefore a 1.3% COLA increase does not begin to help cover healthcare inflation, let alone cover other cost increases that seniors and people on disability face.
2022 COLA Increase (Estimate)
Looking ahead to the 2022 COLA Increase, here’s what we know so far:
While it’s early to know what the COLA for 2022 will be, there is a bill before Congress to increase the COLA for 2022 to 3%.
After the disappointing 1.3% cost-of-living adjustment in 2021, which was not enough to cover the extra costs retirees and other beneficiaries are facing two Democratic lawmakers have introduced a bill to help.
Reps. Peter DeFazio, D-Ore., and John Larson, D-Conn. — plan to propose a bill to raise the COLA for 2022 to 3% as an emergency increase.
We will keep you updated on this bill as we learn more.
In the meantime, here’s a look at COLA increases since 2011.
2016: No increase.
Social Security Payments Questions
Here are the most frequently asked questions about Social Security benefit payments:
Can I receive my Social Security or Disability benefits by Check?
Unfortunately, Social Security no longer sends benefits by check.
You can receive your benefits by direct deposit into a savings or checking account with a bank or via the Direct Express debit card.
What if the payment date falls on a weekend or Federal holiday?
If your scheduled Social Security payment date falls on a weekend or federal holiday, your payments will be deposited on the first preceding day that isn’t a Saturday, Sunday, or holiday.
For example, in January 2022, SSI payments are to be paid on Friday, January 1st.
However, since January 1st is a Federal holiday, SSI benefit payments will be made on Friday, December 31st, 2021.
Can my Social Security benefits be garnished?
Your Social Security benefits cannot be garnished by a creditor to pay off consumer debt.
However, your Social Security benefits can be withheld to enforce your legal obligation to pay child support, alimony, or restitution.
In addition, if you owe back taxes, The United States Department of the Treasury can withhold Social Security benefits to collect overdue federal tax debts.
When Is Social Security Income Taxable?
How much of your Social Security is taxed depends on how much income you have from other sources in addition to your benefits.
If you have other sources of retirement income, such as a 401(k), wages from a part-time job, royalties or rental income, then you should expect to pay income taxes on your Social Security benefits.
However, if your only source of income is your Social Security benefits, then you probably won’t pay taxes on your Social Security Benefits.
How long does SSD Benefit Payments take after Approval?
If you received a letter from the Social Security Administration notifying you that your application for Social Security Disability benefits was approved, here’s what you need to know about when your first payment will arrive.
Once your Social Security Disability application is approved, it can take six months from the approval date for you to receive your first payment.
However, delays can occur so prepare accordingly, in case your payment does not arrive within the six months period.
What if I get an overpayment?
If you are notified by the Social Security Administration of an overpayment, you have the right to appeal the overpayment decision or request that they waive (not collect) the incorrect payment.
The Social Security Administration may stop the collection of the overpayment if:
- It was not your fault that you received an overpayment; and
- Paying it back would cause you financial hardship or be unfair for some other reason.
2021 Social Security Changes You Should Know About
Here are the four most important changes that will impact Social Security beneficiaries:
Medicare costs to rise
Medicare cost increases are one of the biggest financial burdens on seniors. 2021 will be no different.
Here’s how much Medicare costs will increase in 2021:
- The standard monthly premium for Medicare Part B will be $148.50, up from $144.60 in 2020.
- The annual deductible for Medicare Part B will be $203 — a $5 increase.
- The Medicare Part A inpatient hospital deductible will be $1,484 — a $76 increase.
More earnings subject to Social Security Tax
For 2021, taxpayers will pay 6.2% Social Security tax and a 1.45% tax for Medicare (known together as FICA) on the first $142,800 they make.
This is up from $137,700 in 2020.
However, there is no FICA tax on earnings above $142,800.
Also, there is no earnings limit on Medicare taxes.
The earnings limit for working retirees will go up
If you are a Social Security beneficiary who started collecting Social Security prior to reaching your full retirement age and you continue to work, here’s what you should know:
Any income you earn over $18,960 will be taxed.
That’s an increase of $720 from 2020.
Here are the details of the earnings limit you need to pay attention to:
In 2021, the Social Security earnings limit increases to the following:
- From $18,240 to $18,960 if you will reach full retirement age after 2021
- From $48,600 to $50,520 if you will reach full retirement age in 2021
- No limit on earnings if you are full retirement age or older for the entire year.
The Full Retirement Age will go up
The full Social Security retirement age—when beneficiaries can collect 100% of their monthly benefit, is going up again.
In 2021, the full retirement age going higher by two months, to 66 years and 10 months for those born in 1959.
The full retirement age will increase by another two months to 67 years in 2022.
You can still claim Social Security benefits as early as 62.
However, the amount of your benefits will be 29.17% less than if you wait until full retirement age to start collecting benefits.
2022 Social Security Payment Calendar Summary
Here’s the bottom line:
Social Security no longer pays benefits by check.
You can receive benefits by direct deposit or via a Direct Express debit card.
When you get your Social Security benefits depends on your date of birth.
Social Security Benefit Payments are always paid one month behind.
If a scheduled payment date falls on a weekend or federal holiday, payments are made on the first preceding day that isn’t a Saturday, Sunday, or holiday.
If you do not receive your payment on your specified day or date, can contact Social Security at 1-800-772-1213.
We hope this post on the printable 2022 Social Security Payment Calendar was helpful.
If you have further questions about the payment schedule or Social Security retirement benefits in general, please let us know in the comments section below.
Be sure to check out our other articles on:
Second Stimulus check for $600: Update
Direct Express Stimulus Check Deposit Date
How to Login my Social Security Account
Top Complaints and Reviews About Direct Express Debit Card
Direct Express Dispute Resolution Help
How to Complete Social Security Form SS-5