If you receive Social Security retirement benefits, your next payment could be just days away. The Social Security Administration (SSA) has released the official schedule for July 2025, and we’ve broken it down for you. Whether you’re a new retiree or have been receiving payments for years, it’s important to know your payment date and what amount to expect.
When Will You Get Your Social Security Payment in July 2025?
Social Security payments are sent out on a fixed schedule depending on your birth date or when you first started receiving benefits. Here is the July 2025 payment schedule:
July 3 (Thursday): Payment for SSI beneficiaries, people who live outside the U.S., those whose Medicare is paid by the state, and anyone who began receiving benefits before May 1997.
July 9 (Wednesday): If your birthday falls between the 1st and 10th of the month.
July 16 (Wednesday): For those born between the 11th and 20th.
July 23 (Wednesday): If you were born between the 21st and 31st.
Payments are made on the second, third, or fourth Wednesday based on your birthday. This structure remains unchanged for July.
How Much Will You Get? Average and Maximum Benefits
According to the latest SSA data for January 2025, the average Social Security retirement benefit for an individual is $1,976 per month. This reflects a 2.5% cost-of-living adjustment (COLA) made earlier in the year.
For couples who both receive benefits, the average monthly amount is $3,089. However, these are just averages. The amount you receive depends on your earnings history and the age at which you retire.
Maximum Benefit Amounts in 2025
If you retire early at age 62, your maximum monthly benefit is $2,831.
If you retire at full retirement age (67 for most), the maximum is $4,018.
If you delay retirement until age 70, you can receive the highest possible benefit—$5,108 per month.
To qualify for this top amount, you must have worked at least 35 years with consistently high earnings, earning over the Social Security taxable maximum each year. In 2025, that cap is $176,100. Delaying your claim until age 70 is also required.
Choosing When to Retire Affects Your Benefits
Every year you delay retirement beyond full retirement age, your benefit increases by roughly 8%. This is a personal decision—some choose to retire early for immediate income, while others wait longer for a higher monthly payout.
Trump’s OBBBA Tax Law: What Retirees Need to Know
The One Big Beautiful Bill Act (OBBBA), signed by Donald Trump, doesn’t change your monthly Social Security benefit or how it’s calculated. But it does affect the taxes on your benefits.
Starting in 2025, OBBBA introduces a new tax deduction for retirees over age 65. It allows:
$6,000 extra deduction for single filers
$12,000 extra deduction for couples
This reduces or removes taxes on Social Security for around 88% of recipients. However, the deduction is not permanent. It applies from 2025 to 2028 and is income-based.
Single filers earning more than $75,000 and joint filers earning over $150,000 will start to lose the deduction. It disappears entirely for incomes above $175,000 (single) and $250,000 (joint).
July 2025 brings key Social Security payments on July 3, 9, 16, and 23. Average monthly benefits are now $1,976, but some can receive over $5,000 if they delay retirement and meet all earning conditions. Also, new tax deductions from OBBBA mean many retirees will pay less in taxes from 2025 to 2028. Stay informed and plan your finances carefully—every detail counts when it comes to retirement.
