The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will be distributed in six days.

Regular payments will continue on their standard schedule throughout July 2025. However, recipients who received overpayment notices beginning April 25, 2025, may see their payments reduced starting approximately July 24, 2025. The SSA provides a 90-day notice period between issuing overpayment notifications and beginning benefit withholding.

The Council on Economic Advisers says the One Big, Beautiful Bill includes the largest tax break in American history for seniors.