Hundreds of Americans might receive a new payment on July 10. The Social Security Administration (SSA) is sending direct deposits to people who started getting benefits from May 1997 onward and have birthdays between the 1st and 10th of any month. These payments could be up to $4,873 if certain conditions are met.
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Who Will Get Payments on July 10?
To get the maximum Social Security payment of $4,873 on July 10, you must have started collecting benefits at age 70. However, just filing at 70 isn’t enough. There are other requirements you need to meet.
Requirements for the Maximum Payment
- File at Age 70: You need to have started collecting your Social Security benefits at age 70.
- Work History: You must have worked and paid payroll taxes for at least 35 years.
- High Earnings: You must have earned the maximum taxable amount for Social Security for 35 years.
If you meet all these criteria, you can get the maximum payment. If you don’t meet these conditions, you will receive a smaller amount.
Payments for Other Birthdays in July
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. The eligibility requirements for these payments are the same:
- Filed for Social Security at age 70
- Worked in jobs covered by SSA
- Worked for at least 35 years
- Earned the maximum taxable amount for 35 years
Special Payment on July 3
There is also a payment on July 3, but it is only for those who started receiving benefits before May 1997. To get this payment, you must be at least 97 years old.
To summarize, if you started getting Social Security benefits from May 1997 onward and your birthday is from the 1st to the 10th, you could receive up to $4,873 on July 10. Meeting all the requirements is essential for the maximum benefit. Payments for other birthdays will be on July 17 and July 24.
FAQs:
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.
