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4d ago

Social Security Unveils August Payment Schedule and Tax Planning Guidance

Beneficiaries can optimize payouts by combining the temporary $6,000 OBBB deduction with precise earnings verification through the SSA.gov estimator.

An older couple take a jog together on a park path.
Stock image/file photo: A Social Security card with U.S. Dollars.
Image
SSA to roll out August payments for beneficiaries soon: Check schedule, eligibility and more (REUTERS/Dado Ruvic/Illustration/File Photo)

Overview

  • Payments in August 2025 will be made on Aug. 1 for SSI and pre-1997 beneficiaries, on Aug. 13, 20 and 27 by birthdate wave, and on Aug. 29 for SSI delayed by Labor Day.
  • Benefits are calculated from a worker’s top 35 inflation-adjusted earnings years and the age of first claim, with early filing at 62 reducing lifetime monthly checks and delays up to age 70 boosting them by about 8% per year.
  • The SSA.gov online estimator enables personalized projections and access to earnings records, which the agency urges beneficiaries to review and correct to avoid payment shortfalls.
  • Advisers recommend tactics such as drawing down 401(k) funds to delay claims, filling zero-earnings years and claiming spousal benefits to enhance lifetime Social Security income.
  • Under the One Big Beautiful Bill, individuals 65 and older qualify for a temporary $6,000 deduction that can lower modified adjusted gross income and affect optimal claim timing.