Ask Larry

Why Did I Get An Extra Deposit This Month?

Got extra deposit from ss this month in addition to reg amount

Hi,

You are the second person today that's mentioned receiving an extra payment. I have no idea why you may have been paid extra this month, but this is roughly the time of year that Social Security processes automated earnings recomputations. So, if you had earnings last year that were high enough to increase your benefit rate, that may explain the extra payment.

Whatever the cause, you should receive a notice from Social Security within 2 weeks that should explain the payment. Otherwise, you'll need to ask Social Security for an explanation since only they have access to your records.

Best, Jerry

Category: 
Posted: 
Aug 13 2020 - 5:13pm
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