If you are looking for the Schedule of Social Security Payments for May 2023, 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 Social Security monthly payment calendar works and provided you with the specific dates on which your May benefit payments will be deposited into your account.
Here’s a short video with the May 2023 Social Securit Payment Calendar:
This Post will Cover:
- How the Social Security Payment Schedule Works
- Schedule of Social Security Payments for May 2023
- What To Do If You Don’t Receive Your Benefits
- Social Security Payments Questions
See the June 2023 Social Security Payment Calendar.
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How the 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.
Schedule of Social Security Payments for May 2023
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 2023, 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 Benefits 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 10th.
- Also, if your birth date falls on the 11th – 20th day of the month, benefits are paid on May 17th.
- If your birth date falls on the 21st – 31st day of the month, benefits are paid on May 24th.
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, 2023, falls on a Monday, you will receive your SSI benefits on Monday, May 1st, 2023.
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 2023 Social Security Payment Schedule
If you would like to look ahead and see when payments will be made for the coming months in 2023, see the complete 2023 Social Security Payment Dates here.
For a breakdown of the payment calendar by month, see our Month by Month 2023 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.
|2023||SSI||SS & SSDI (Birthdate 1st – 10th)||SS & SSDI (Birthdate 11th- 20th)||SS & SSDI (Birthdate 21st – 31st)||Both SS & SSI|
Social Security Payments Questions
Here are the most frequently asked questions about Social Security Payments:
What is the 2023 COLA for Social Security?
The Social Security Administration announced the 2023 COLA increase in October 2022.
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.
2016: No increase.
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.
How Much Will Retirement Benefits, SSI, and SSDI Recipients Get in 2023?
Social Security recipients, including disability benefits, will see an 8.7 percent Cost of Living Adjustment (COLA) increase.
This will go into effect in January. In 2023, the average Social Security benefit has been calculated as $1,827 per month or $31,924 per year.
The maximum Social Security check for an individual retiring at full retirement age will rise to $3,345.
However, if you retire at age 62 in 2022, your maximum benefit would be $2,364.
SSDI Benefits for Individuals: $1,483
SSI Benefits for individuals: $914
SSI Benefits for couples: $1,371
Will I have to pay taxes on my Social Security Benefits?
The answer depends on if you have other substantial income in addition to your Social Security benefits (such as wages, self-employment, interest, dividends, and other taxable income that must be reported on your tax return).
You will pay tax on only 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules.
How Long Can I Receive Disability Benefits?
You can receive Social Security disability benefits as long as you continue to meet the Social Security Administration’s definition of disability.
The Social Security Administration periodically reviews claims, and if your condition improves, they may decide that you no longer meet the criteria for benefits.
If that happens, your disability payments could be suspended.
However, if you are receiving Social Security disability benefits and reach full retirement age, your benefits won’t stop.
Your benefits will simply switch from ‘disability benefits’ to ‘retirement benefits.
Furthermore, your benefit amount will remain the same – you will receive the same amount in retirement benefits as you were getting in disability benefits.
Can I receive benefits from Long-Term Disability Insurance and SSD?
If you are receiving Long-Term Disability payments from your employer and you are approved for SSD benefits, here’s what you need to know.
Once your disability benefits are approved, your Long-Term Disability payments may be reduced.
It is important to contact your Long-Term Disability insurance carrier for more information about your policy and how it will be impacted by your Social Security Disability benefits.
Can my spouse or child receive payments based on my SSDI benefits?
Yes, your spouse and/or children may be eligible for benefits based on your disability payments.
In general, a child who is under the age of 18, and unmarried is entitled to an average of 50% of his or her disabled parent’s SSDI payments.
Additionally, a spouse may receive SSDI payments as well if he or she either cares for minor children who are eligible for SSDI benefits, or is over the age of 62.
How Do I Apply For Medicare Benefits?
If you are already getting Social Security retirement or disability benefits or railroad retirement checks, here’s what you need to know:
The Social Security Administration will contact you a few months before you become eligible for Medicare and give you the information you need to register.
However, if you are not already getting Social Security checks, you should contact Social Security at 1-800-772-1213 about three months before your 65th Birthday to sign up for Medicare.
Social Security also has a TTY phone connection at 1-800-325-0778.
Does Medicare affect Social Security benefits?
It depends. Most people have their Medicare premiums taken from their monthly Social Security check.
Also, those with higher incomes at retirement may have to pay higher Medicare premiums.
Can I get both SSDI and Workers’ Compensation benefits?
Yes, if your injury qualifies for both.
However, you will not receive the same amount of benefits from each program as you would if you were just receiving one or the other.
Also, your SSDI payments will be reduced so that your total benefits do not equal more than 80% of your average earnings before you became disabled.
SNAP recipients will lose their Extra Benefits by March
Food Stamps (SNAP) recipients nationwide will stop getting the pandemic-era extra benefits in March, according to the USDA.
The emergency allotments provided an additional $95 or the maximum amount for their household size — whichever was greater.
The February 2023 extra benefits will be the last nationwide.
This will also affect some Social Security benefit recipients.
That is because nearly half of the households that use SNAP also receive Social Security, and Social Security is the most common source of income for SNAP households.
Benefits will return to their normal maximum SNAP levels in March, as shown by the chart below.
|Maximum SNAP Benefit Amount by Household Size for 48 States & D.C.|
|Effective October 1, 2022 – September 30, 2023|
|Household Size||Maximum SNAP Benefit Allotment|
|Each Additional Household Member: Add||$211|
Schedule of Social Security Payments for May 2023 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:
- 10th of May
- 17th of May, and
- 24th of May
You will receive your benefits on Monday, May 1st, 2023.
If you have any questions about the Schedule of Social Security Payments for May 2023, please ask us in the comments section below.
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