Social Security Schedule: July 2023 Payment Dates

June 30th. Supplemental Security Income (SSI) payments are made on the first of each month unless the first of the month falls on a weekend or a holiday – at which point payment will be deposited the business day before. 

In general, you’ll be paid on July 3 if:

• You live outside the U.S.

• You receive both SSI and Social Security benefits. 

• Your state pays your Medicare premiums.

• You filed for Social Security benefits before 1997.

The Complete 2023 Social Security Payment Schedule

For a breakdown of the payment calendar by month, see our Month by Month 2023 Social Security Calendar below, which shows you the payment dates for SS, SSI, and SSDI by month.

You can also reference the table below for a complete list of dates for the rest of the year.

Top Questions About Social Security Benefits

Here are the most frequently asked questions about Social Security benefits and payments:

What if I don’t receive my check on the expected date?

If your check doesn’t arrive on the expected date, the Social Security Administration advises waiting three additional mailing days before reaching out.

If you still haven’t received it, contact a representative at 800-772-1213.

Remember that wait times are shorter on weekdays and between 4 p.m. and 7 p.m.

Is Social Security Going Bankrupt?

Social Security is not going to go bankrupt, but it does face funding challenges.

Social Security is primarily funded through a dedicated payroll tax, and as long as workers and employers continue to pay these taxes, benefit payments will continue.

The program also receives funding from income taxes paid on a portion of the benefits.

Claims that Social Security will go bankrupt are false because the program always receives income from taxes.

However, the program’s trust fund reserves could be depleted within the next decade, which could lead to lower benefit payments in the future.

The costs of Social Security are increasing as more baby boomers retire and collect benefits.

If Congress does not take action, the trust funds will eventually run out of cash reserves, resulting in reduced benefit payments.

The Old-Age Survivors Insurance (OASI) Trust Fund is projected to be able to pay full benefits until 2033, after which it may only be able to pay out 77% of scheduled benefits.

The Disability Insurance (DI) Trust Fund, on the other hand, is expected to make full benefit payments through 2097.

Are social security survivor benefits for children considered taxable income?

Social Security survivor benefits for children can be taxable.

However, typically the additional income they receive isn’t enough to make their benefits taxable.

The taxability depends on the income of the person entitled to the benefits.

If both the child and the parent receive benefits, their taxability should be calculated separately.

If the child’s total income, including half of their social security benefits, exceeds the base amount for their filing status, a portion of their benefits may be taxable.

Detailed instructions for calculating the taxable amount can be found in the IRS publications.

What is the 2023 COLA for Social Security?

The Social Security Administration announced the 2023 COLA increase in October 2022.

The COLA for 2024 is already predicted to be much lower than 2023.

Here’s what you should know.

For 2023, Social Security beneficiaries will see an 8.7% increase in benefits to account for inflation.

Here’s the list of COLA for the last thirteen years.

Social Security COLA History

Here’s a look at COLA increases since 2011.

2023: 8.7

2022: 5.9

2021: 1.3

2020: 1.6%

2019: 2.8%

2018: 2%

2017: 0.3%

2016: No increase.

2015: 1.7%

2014: 1.5%

2013: 1.7%

2012: 1.7%

2011: 3.6%