SSA Implements Identity Verification Changes, Direct Deposit Updates Starting May 2025

Starting in May 2025, the Social Security Administration (SSA) will require in-person identity verification for applicants unable to use the online platform, aiming to curb identity theft and benefit fraud. This policy update also includes faster direct deposit processing, reducing wait times for payment changes to one business day. The SSA has adjusted its May 2025 payment schedule, causing some beneficiaries to experience delayed disbursements, highlighting the importance of checking payment dates to avoid budgeting issues. Meanwhile, the newly appointed SSA commissioner has proposed reforms to sustain Social Security through 2100, including raising the wage cap for taxes, potentially increasing the full retirement age, and revising cost-of-living adjustment calculations to better reflect seniors' expenses. Additionally, the SSA is modernizing its services by introducing digital Social Security cards, which will become prioritized over physical cards, marking a significant change for beneficiaries. These combined efforts reflect the SSA's push to enhance security, efficiency, sustainability, and user experience for current and future Social Security recipients.