If You Were Born on This Date, You Could Receive Up to $5,108 in Social Security Benefits This March

In the coming days, the Social Security Administration (SSA) will start to pay out March benefits, which for retirees who waited until age 70 to retire can total up to $5,108 each month.

Beneficiaries born before the tenth of any given month will be paid on March 12, 2025; those born between the eleventh and the twentieth of any given month will be paid on March 19; and those born after the twentieth of any given month will be paid on March 26.

All Beneficiaries Born on This Date Could Receive $5,108 From the SSA

A retiree’s Social Security benefit is mostly determined by the age at which they choose to retire, the amount they have contributed over their working years, and the duration of their contributions to the system.

The Social Security Administration (SSA) reports that a worker who retires at age 62 may receive a monthly pension of up to $2,831, while those who decide to wait until age 70 may receive up to $5,108. SSA’s calculator allows beneficiaries to get a customized estimate of their monthly payment.

Social Security benefits are available to all U.S. residents who have turned sixty-two, although the amount they receive is determined by their retirement age. Payroll taxes paid by employers and employees fund the Social Security system.

Nonetheless, there have been concerns that if Congress does not act to stop this, Social Security benefits may be cut in the future. It is estimated that the system could stop issuing full payments to beneficiaries as of 2034 due to the increase in retirees and the reduction in the number of active workers.

When will SSA beneficiaries receive their benefits in March? 

Based on the Social Security payment schedule, millions of beneficiaries will receive their benefits on a staggered schedule this month. Here are all the confirmed payment dates for recipients of the Supplemental Security Income (SSI) and retirement, survivor, and disability insurance (RSDI) programs: 

• February 28th (Friday): SSI recipients received their March benefits in advance as the first of March fell on a weekend.
• March 3rd (Monday): RSDI beneficiaries received their benefits on this day if they claimed their benefits before May 1997.
• March 12th (Wednesday): RSDI beneficiaries will get their benefits if they were born between the 1st and the 10th.
• March 19th (Wednesday): RSDI beneficiaries will get their benefits if they were born between the 11th and the 20th.
• March 26th (Wednesday): RSDI beneficiaries will get their benefits if they were born between the 21st and the 31st.

Should beneficiaries pay taxes to the SSA? 

Social Security benefits are a vital component of the monthly income for millions of seniors, who use them to pay for anything from healthcare to necessities. For this reason, all beneficiaries need to learn about all their tax responsibilities with the Social Security Administration (SSA) to avoid potential issues in the future. One frequently asked concern, though, is if they have to report such benefits as taxes.

The response differs based on the overall income of each individual. If your main source of income is Social Security, you probably don’t have to submit a tax return. If your gross income is less than $16,550, for instance, and you are 65 years of age or older and single, you should not file taxes.  

Married couples over 65 who file jointly are subject to a $32,300 cap. However, you could have to file if you receive additional income from investments, part-time employment, pensions, or 401(k) dividends. In certain situations, your adjusted gross income plus non-taxable interest and half of your Social Security payments are included in your “combined income.”