Millions of Americans rely on forms of government assistance, including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI), to help them cover their monthly costs. These federal programs serve as much-needed assistance for vulnerable individuals and families whose disabilities, ages, or low-incomes make it difficult to earn a steady income or livable wage. If you rely on these benefits, it’s important to stay informed about any changes to SSI or SSDI benefits so that you are prepared for any shifts that may occur. At the end of 2024, the Social Security Administration (SSA) announced a cost-of-living adjustment (COLA) that will affect SSI and SSDI payments beginning in either December of 2024 or January of 2025. Let’s take a closer look at how these changes may affect SSDI and SSI for Washington residents in the upcoming months. If you have specific questions about your SSI or SSDI eligibility, enlisting the guidance of a highly qualified and caring Spokane SSDI and SSI attorney is highly recommended to ensure that you can make informed decisions with greater certainty and confidence.
The Impact of the 2024 COLA Increase
Near the end of 2024, the SSA released its COLA information for 2025. According to the press release, “The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.” The release went on to clarify that some individuals receive both SSDI and SSI benefits. Additionally, it’s important to note that “the monthly maximum federal amounts for 2025 are $957 for an eligible individual, $1,450 for an eligible individual with an eligible spouse, and $484 for an essential person.” If you need more information about how these changes could affect your SSI or SSDI benefit eligibility or the amount you receive each month, please contact a trusted SSDI and SSI lawyer to discuss your specific concerns.
Social Security Updates in Washington State
So, how could the 2024 SSI updates in Washington or the SSDI benefit changes in 2024 affect residents who rely on these benefits? While these changes are taking place at the federal level, they carry implications for Washington state residents as well. According to the Seattle Times, “This year’s cost-of-living adjustment is lower than last year’s 3.2 percent increase.” As you plan for your financial future, it’s important to understand how this adjustment affects your monthly income. Moreover, it’s helpful to recognize that “the maximum earnings will increase to $176,100, meaning more of a worker’s income will be subject to the tax” in 2025. Whether you are already receiving SSDI or SSI benefits or you are considering applying for these benefits, you can work with a trusted and caring Spokane SSDI and SSI lawyer to ensure that the application process goes smoothly and that you are able to access the benefits you need.
Learn More About Social Security Updates in Washington State
If you have questions about your SSI or SSDI eligibility, or if you are having trouble accessing the benefits you deserve, the dedicated legal team at Schott Law is here to provide you with the personalized guidance you need. Please contact our Spokane, Washington office today at (509) 328-5789 to get started.
