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 on July 9. Here is all you need to know about July’s Social Security payments.

The Social Security Administration, which overpays billions in benefits annually, will start withholding some benefits sent to overpaid recipients.

Find out when your July Social Security check will arrive and learn about a major change impacting paper check recipients. Full payment calendar inside.