Ss Payment Schedule 2022. Next year the maximum amount of earnings subject to the Social Security tax currently capped at 142800 will also be adjusted for inflation. Based on SSS Circulars No.
The Social Security payment schedule is based on your birthday except for SSI which is paid on the 1st of every month. By 2022 it will be age 67 for anyone born in 1960 or later. Schedule Of Social Security Benefit Payments - Calendar 2019.
Rumor has it that the COLA cost-of-living adjustment for 2022 Social Security payments could be as high at 47 percent based on calculations from the Bureau of Labor Statistics.
This may lead to a significant increase in 2022 VA disability rates and monthly compensation for veterans. Social Securitys 2022 Benefit Hike Is Looking Bigger and Bigger. In total the president is calling for 142 billion for the agency. What this means for Social Security recipients.