The maximum amount of money you can receive from Social Security Disability Insurance (SSDI) in 2024 is $3,822 per month, an increase from the previous maximum of $3,627 in 2023. Although this is a significant amount, most individuals will not receive such high payments. The average amount of Social Security Disability Insurance compensation is approximately $1,537.
To determine your potential earnings, you need to calculate your primary insurance amount (PIA), which is based on the money you have contributed to Social Security through previous paycheck deductions. Let’s take calculations step by step.
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Social Security Disability Benefits Pay Chart 2024
An easy method to estimate your Social Security Disability Insurance (SSDI) payments without using a calculator is available.
By creating a free account with mySocialSecurity, the Social Security Administration will provide you with an accurate estimate of your expected monthly SSDI benefits. (Creating an account is necessary if you plan to apply for Social Security Disability Insurance.)
You’ll need to verify your identity by entering your personal information and using face recognition, which requires a camera. Setting up your account takes about fifteen minutes, but it is free, and your information is secure.
With an account, you can also view your past income, the number of work credits you have, and the status of your retirement benefits. Correcting any inaccuracies in your record can enhance your SSDI payout.
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| Ctc Monthly Payments Schedule |
| $300 Child Tax Credit |
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Overview of Social Security Disability Benefits Pay Chart 2024
| Name Of Post | SSDI Benefits Pay Chart 2024 |
|---|---|
| Name Of Government | US Government |
| Applicable In | United States Of America |
| Name Of Beneficiaries | US Citizens |
| Category | Financial News |
| Official Website | www.ssa.gov |
Breakdown of the Social Security Disability Compensation Scale
Social Security Disability Insurance (SSDI) gives better monthly payments than Supplemental Security Income (SSI). Here are the maximum and average monthly payments starting from 2024:
| Disability Program | Average Monthly Payment | Maximum Monthly Payment |
|---|---|---|
| Social Security Disability Insurance | $1,537 | $3,822 |
| Supplemental Security Income | $697.89 | $943 |
Formula for SSDI Calculation
The Social Security Administration (SSA) first determines your average indexed monthly earnings (AIME), which considers your earnings and the Social Security tax paid during your employment. The amount of your main insurance (PIA) is based on your AIME.
Calculate Your AIME
To compute your AIME, the SSA indexes your wages to reflect the changes in the cost of living over time. This ensures that your SSDI payment helps maintain your current standard of living.
The SSA considers up to 35 years of your salary, focusing on your highest-earning years. If you have worked for forty years, the SSA will use the thirty-five years with the highest earnings to determine your AIME.
Calculate Your PIA
Your PIA is calculated by dividing your AIME into three slices:
- The first $1,174 of your AIME.
- Earnings between $1,175 and $7,078.
- Earnings above $7,078.
Using the 2024 PIA calculation:
- 90% of the first slice (your initial $1,174 of AIME),
- 32% of the second slice (any AIME between $1,175 and $7,078),
- 20% of the third slice (any AIME above $7,078).
The SSA rounds down to the next-lowest multiple of $0.10. For example, if your PIA is $1,358.32, your benefit check will be rounded down to $1,358.30.
State-Specific Average Monthly Payments
The SSA’s calculations apply nationwide. However, average salaries and hourly pay differ by state. Here is the average monthly SSDI benefit by state:
| State | Average Monthly Payment |
|---|---|
| Alabama | $1,454.98 |
| Alaska | $1,473.09 |
| Arizona | $1,542.92 |
| Arkansas | $1,415.43 |
| California | $1,524.99 |
| Colorado | $1,497.71 |
| Connecticut | $1,549.41 |
| Delaware | $1,599.97 |
| District of Columbia | $1,321.04 |
| Florida | $1,521.74 |
| Georgia | $1,485.38 |
| Hawaii | $1,532.11 |
| Idaho | $1,456.79 |
| Illinois | $1,495.07 |
| Indiana | $1,480.12 |
| Iowa | $1,412.23 |
| Kansas | $1,439.17 |
| Kentucky | $1,446.53 |
| Louisiana | $1,421.25 |
| Maine | $1,395.33 |
| Maryland | $1,542.21 |
| Massachusetts | $1,493.30 |
| Michigan | $1,508.94 |
| Minnesota | $1,475.73 |
| Mississippi | $1,416.49 |
| Missouri | $1,441.07 |
| Montana | $1,407.08 |
| Nebraska | $1,391.82 |
| Nevada | $1,562.44 |
| New Hampshire | $1,528.42 |
| New Jersey | $1,648.06 |
| New Mexico | $1,398.19 |
| New York | $1,540.57 |
| North Carolina | $1,483.98 |
| North Dakota | $1,388.96 |
| Ohio | $1,422.89 |
| Oklahoma | $1,423.04 |
| Oregon | $1,459.64 |
| Pennsylvania | $1,493.44 |
| Rhode Island | $1,464.35 |
| South Carolina | $1,512.46 |
| South Dakota | $1,391.16 |
| Tennessee | $1,446.63 |
| Texas | $1,463.70 |
| Utah | $1,473.63 |
| Vermont | $1,398.34 |
| Virginia | $1,497.40 |
| Washington | $1,494.32 |
| West Virginia | $1,465.15 |
| Wisconsin | $1,460.01 |
| Wyoming | $1,485.89 |
Increasing Your SSDI Payment
To increase your SSDI payout, you need to raise your AIME by having higher earnings for at least a year. While this might not be feasible if you are applying for disability benefits, ensuring your earnings history is accurate can help maximize your benefits. Review your earnings history in your mySocialSecurity account and correct any inaccuracies to potentially increase your AIME and SSDI payout.
FAQs
How much will SSDI pay in 2024?
Starting in January 2024, the COLA will add $48 to the average monthly amount of SSDI benefits for disabled people. For 2023, the average monthly amount is $1,489, so SSDI recipients will start receiving $1,537.
What is the increase for 2024 Social Security?
More than 71 million Americans will get 3.2% more in Social Security and Supplemental Security Income (SSI) payouts in 2024. This is the annual cost-of-living adjustment (COLA).