May 2021 Social Security Payment Schedule

If you are looking for the May 2021 Social Security Payment schedule, look no further. We can help you. If you are currently getting Social Security Retirement benefits, or disability benefits, including SSDI or SSI, knowing your payment schedule is critical to planning your monthly finances.

In the post below, we have explained in detail how the monthly payment calendar works and provided you with the specific dates on which your May benefit payments will be deposited into your account.

This Post will Cover:

  • How Social Security Payment Schedule Works
  • May 2021 Social Security Payment Schedule
  • What To Do If You Don’t Receive Your Benefits
  • Social Security Payments Questions

"May 2021 Social Security Payment Schedule"

Other posts you may like:

How to speak to a live person at Direct Express
Will there be a Social Security Increase?
Amazon Prime Discount for Seniors (Get the Guide)

How Social Security Payment Schedule Works

When you receive your Social Security benefits (SS and SSDI) depends on your birthday.

  • If your birthday falls between the 1st and 10th of the month, you’ll receive SSDI benefits on the 2nd Wednesday of every month.
  • Also, if your birthday falls between the 11th and 20th of the month, your benefits will come on the 3rd Wednesday of every month.
  • If your birthday falls between the 21st and the last day of the month, your payments will come on the 4th Wednesday of every month.

May 2021 Social Security Payment Schedule

If you are on Social Security benefits, planning ahead is a big part of making sure your benefit payments go the distance.

As you plan for the month of May 2021, knowing when you can expect to get your Social Security checks is important.

You can plan accordingly and make sure your bills are paid on time. It also helps you avoid surprises in case your benefit payment is going to be delayed due to a weekend or holiday.

Here is when to Expect Your Social Security Payment for May:

Social Security and Social Security Disability Insurance (SS and SSDI)

For those receiving Social Security Retirement Benefit or Disability Benefits, here is your payment schedule for May:

  • If your birth date falls on the 1st – 10th day of the month, benefits are paid on May 12th.
  • Also, if your birth date falls on the 11th – 20th day of the month, benefits are paid on May 19th.
  • If your birth date falls on the 21st – 31st day of the month, benefits are paid on May 26th.

Supplemental Security Income (SSI)

If you receive Supplemental Security Income (SSI), you will receive your payments on the 1st of each month.

The exception is when the 1st falls on a weekend or holiday.

If the first falls on a holiday, then you will receive your payment the business day before.

However, if the first falls on a weekend, you’ll receive your payment on the preceding Friday.

Since May 1, 2021, fall on a Saturday, you will receive your SSI benefits on Friday, April 30th, 2021.

Exceptions

If you started receiving benefits (SS or SSDI) Prior to May 1997, or you are currently receiving both Social Security and SSI payments, you will receive your payments on the 3rd of each month.

If the 3rd falls on a weekend or holiday, you will receive your payment on the preceding Friday.

The exception is when the 3rd falls on a weekend or holiday.

If the 3rd falls on a holiday, then you will receive your payment the business day before.

However, if the 3rd falls on a weekend, you’ll receive your payment on the preceding Friday.

The Complete 2021 Social Security Payment Schedule

If you would like to look ahead and see when payments will be made for the coming months in 2021, see the complete 2021 Social Security Payment Dates here.

For a breakdown of the payment calendar by month, see our Month by Month 2021 Social Security Calendar, 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.

2021 SSI SS & SSDI (Birthdate 1st – 10th) SS & SSDI (Birthdate 11th- 20th) SS & SSDI (Birthdate 21st – 31st) Both SS & SSI
January 31-Dec-2020 13th 20th 27th 31-Dec-2020
February 1 10th 17th 24th 3
March 1 10th 17th 24th 3
April 1 14th 21st 28th 2
May 30-Apr-2021 12th 19th 26th 3
June 1 9th 16th 23rd 3
July 1 14th 21st 28th 2
August 30-Jul-2021 11th 18th 25th 3
September 1 8th 15th 22nd 3
October 1 13th 20th 27th 1
November 1 10th 17th 24th 3
December 1 8th 15th 22nd 3

Social Security Payments Questions

Here are the most frequently asked questions about Social Security Payments:

What To Do If You Don’t Receive 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.

Are Social Security services affected by Coronavirus (COVID-19)?

The Social Security Administration is still able to provide critical services.

However, all local Social Security offices are closed for walk-in service, though an in-person appointment may be possible.

You may however call your local Social Security office with questions.

Local office employees are answering calls to their office.

In addition, you can call the Social Security Administration’s National 800 Number.

How Much will SSI and SSDI Recipients get in 2021?

Social Security recipients, including disability benefits, will see a 1.3 percent Cost of Living Adjustment (COLA) increase.

This will go into effect in January. For the average disability benefits recipients, that means an increase of their monthly benefits by $16 to $1,277 from $1,261.

The maximum Social Security check for an individual retiring at full retirement age will rise to $3,148 a month in 2021 from $3,011 — an increase of $137.

Average Monthly Benefits in 2021 (+ difference from 2020)

SSDI Benefits for Individuals: $1,277 (+$16)

SSDI Benefits for Individuals w/ spouse, kids: $2,224 (+$29)

SSI Benefits for individuals: $794 (+$11)

SSI Benefits for couples: $1,191 (+$16)

How Much can I earn in Income without Losing my Disability Benefits?

If you work while receiving disability benefits, you have to be careful not to fall under the substantial gainful activity (SGA) threshold.

When you collect disability and work, depending on the nature of your disability, your income may be considered as engaging in SGA if you reach a certain limit.

If you exceed the limit, you may lose your benefits.

In 2021, non-blind disabled recipients will be able to earn up to $1,310 a month without having their SSDI or SSI benefits terminated.

Compared to the 2020 amount, the SGA threshold is increasing by $50 a month or an extra $600 annually.

Furthermore, blind disabled recipients could earn up to $2,190 a month without losing their SSDI benefits (SGA does not apply to blind SSI recipients).

Similarly, compared to the 2020 amount, the SGA threshold is increasing $80 a month or an extra $960 annually.

Can I split my Social Security direct deposit between two bank accounts?

Currently, the Social Security Administration only allows a direct deposit to a single account (e.g. checking account, savings account, or prepaid card account like Direct Express).

One way to split your payment is to make an arrangement with your financial institution to transfer funds into your other bank accounts.

What are Social Security benefits for wounded warriors and how can I apply?

Social Security pays disability benefits through two programs:

  • The Social Security disability insurance program (SSDI) or
  • The Supplemental Security Income (SSI)

If you are a member of the military or a veteran and you meet the eligibility criteria for either of the program, then you are eligible.

Essentially, you have to meet Social Security’s definition of disability in order to qualify for SSI or SSDI.

However, if a military member or veteran sustained an illness, injury, or wound while on active duty status on or after October 1, 2001, they will receive expedited processing of their Social Security disability claim, regardless of how or where the disability occurred.

Will my disability benefits be cut if I get workers’ compensation or other disability benefits?

If you get either workers’ compensation or public disability benefit payments, your disability benefits from Social Security may be cut.

This also applies to your family.

Workers get workers’ compensation benefit payments because of job-related injuries or illnesses.

Federal or state workers’ compensation agencies, employers, or insurance companies pay workers’ compensation on behalf of employers.

Note that public disability benefit payments paid under a federal, state, or local government law may affect your Social Security benefit.

This includes civil service disability benefits, temporary state disability benefits, and state or local government retirement benefits based on disability.

However, disability payments from private sources, such as a private pension or insurance benefits, do not affect your Social Security disability benefits.

The Social Security Administration will cut the Social Security disability benefits you and your family based on the formula below:

If the combined total amount you receive, plus your workers’ compensation payment, plus any public disability payment you get, exceed 80 percent of your average earnings before you became injured or ill.

What is an ABLE account?

ABLE stands for Achieving a Better Life Experience.

ABLE bank accounts allow individuals who were disabled before age 26 to save money without losing eligibility for SSI disability or Medicaid.

The growth of the investments in the account is tax-free, and you can spend the money on disability-related expenses, like housing, transportation, or education.

However, there are limits on how much can be deposited into your ABLE account in a single calendar year.

Also, if the total amount in your account goes over $100,000, your SSI benefits stop until the balance falls below $100,000.

Do I have to file taxes when receiving disability benefits?

The answer depends on your situation. Here’s what you need to know:

Whether or not you actually have to file taxes when receiving Social Security Disability depends on how much in benefits you receive.

In addition, it also depends on whether or not your spouse receives an income.

If Social Security Disability benefits are your only source of income and you are single, you do not necessarily have to file taxes.

However, you may have to file taxes if you have received stimulus payments.

Generally, you will have to pay federal taxes on your Social Security Disability benefits if you file a federal tax return as an individual and your total income is more than $25,000.

Also, if you file a joint return, you will have to pay taxes if you and your spouse have a total combined income that exceeds $32,000.

May 2021 Social Security Payment Schedule Summary

Here’s the bottom line:

Social Security Retirement Benefits and SSDI payments for the month of May will be deposited on the following dates depending on your date of birth:

  • 12th of May
  • 19th of May, and
  • 26th of May

SSI Recipients

You will receive your benefits on Friday, April 30th, 2021.

Questions?

If you have any questions about the May 2021 Social Security Payment Schedule, please ask us in the comments section below.

If you found this article about the Social Security Payment Schedule helpful, please help us get the word out by sharing it using the “Share This” button below.

Be sure to check out our other popular articles, including:
June 2021 Social Security Payment Schedule
How to get Direct Express Emergency Cash Now
Direct Express account login
Does Amazon have a Discount on Prime Membership for Seniors?
2021 SSI Payments Calendar
2021 SSDI Payment Schedule

Comments

comments