July's second round of payments will soon be headed out to recipients. Here's the monthly payout schedule and how your payment date is determined.

The highest benefit possible—$5,108—is available for those who delay claiming until age 70. Those who retire at age 62 can receive up to $2,831 per month, while waiting until 67—the full retirement age—increases the maximum benefit to $4,018.

August’s Supplemental Security Income payment, worth up to $967, will go out to recipients in 25 days. SSI payments are usually distributed at the start of every month to beneficiaries who have limited income and are either blind,