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In 2024, the SSA changed its policies on overpayments and moved away from withholding 100% of a recipient’s monthly benefits. Instead, they now collect the greater of 10% or $10. Instead, they ...
Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
Social Security overpayments occur when a beneficiary receives more money than they are owed, according to the SSA. The overpayment owed is the difference between the amount received and the ...
As previously reported by GOBankingRates, the SSA’s latest Agency Financial Report revealed that the agency made about $11.1 billion worth of new overpayments to Social Security beneficiaries ...
Social Security recipients will now have to pay back much less if they were inadvertently overpaid. Social Security slashes amount of overpayments beneficiaries must pay back Skip to main content
He said that he aims to institute a statute of limitations, impose a 10% limit on clawbacks for some beneficiaries and put the burden on the agency to show proof of overpayment.
As previously reported by GOBankingRates, the SSA’s latest “Agency Financial Report” revealed that it made about $11.1 billion worth of new overpayments to Social Security beneficiaries ...