Final January 2025 Social Security Payments: Up to $5,108

Beneficiaries may receive their next payment within hours. Here’s what you need to know to plan your budget.

Key Details on January’s Last Social Security Payments

This week, on January 22, 2025, Social Security beneficiaries with disabilities or retirement benefits will receive the final round of payments for January. Eligible recipients could receive as much as $4,018, the maximum benefit approved by the Social Security Administration (SSA), which includes the 2.5% cost-of-living adjustment (COLA) applied for 2025.

Social Security Payment Schedule

Retirement payments are distributed based on beneficiaries’ birthdates:

1. 1st–10th of the Month: Payment on the second Wednesday.
2. 11th–20th of the Month: Payment on the third Wednesday.
3. 21st–31st of the Month: Payment on the fourth Wednesday.

For January:

• January 8: First group received payments.
• January 15: Second group received payments.
• January 22: Third and final group will receive payments.

How Benefit Amounts Are Determined

The amount each beneficiary receives depends on:

• Retirement Age: Retiring at age 62 yields up to $2,831 monthly, while waiting until age 70 increases benefits to a maximum of $5,108.
• Work History: Applicants must have contributed to Social Security for at least 40 quarters (10 years).
• Income During Career: Higher lifetime earnings lead to larger benefits.

Eligibility for Maximum Benefits

To qualify for the highest benefit amount of $5,108 in 2025, you must:

• Retire at full retirement age (67 for those born in 1960 or later).
• Meet the minimum work and contribution requirements.
  Retiring early results in reduced monthly payments.

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February 2025 Payment Dates

Payments for February 2025 will follow the same schedule:

• February 12: Beneficiaries born between the 1st and 10th.
• February 19: Beneficiaries born between the 11th and 20th.
• February 26: Beneficiaries born between the 21st and 31st.

This structured schedule ensures timely and efficient distribution of payments.