As a result of the new cost-of-living adjustment, Social Security recipients will receive higher benefits this year than in previous years (COLA).
Beneficiaries get their payments on the basis of their birthdays, with payments being sent three times a month on the third Wednesday of the month.
Example: If your birth date falls between the first and tenth of each month, you can expect your payment to be placed on the second Wednesday of each month.
If your birthday falls between the 11th and 20th of the month, your money will be deposited on the third Wednesday of each month.
Finally, if your birthday falls between the dates of January 21st and December 31st, your money will be deposited on the fourth Wednesday of each month.
Those receiving Social Security Disability Insurance (SSDI) normally adhere to the same timetable as everyone else.
Several people who live in the following states, on the other hand, will not be taxed when they get their Social Security benefits.
Retirees in the states of Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, Alabama, Arizona, Arkansas, California, Delaware, Georgia, Hawaii, Idaho, Illinois,
Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, and Virginia are eligible for this program.
In complete, the states of Wisconsin and Washington, DC will receive their payments.
In the unfortunate event that you are a retired worker living in one of the following states: Utah; New Mexico; Colorado; Connecticut; Kansas; Minnesota; Missouri; Montana; Nebraska; North Dakota; Rhode Island; Vermont; or West Virginia, you will be eligible for a tax deduction on your Social Security payments.