Social Security Eliminates Overpayment Burden for Social Security Beneficiaries

May 13, 2024

Doug Nguyen

By: Doug Nguyen   The Social Security Administration announced it will decrease the default overpayment withholding rate for Social Security beneficiaries to ten percent (or $10, whichever is greater) from 100 percent, significantly reducing financial hardship on people with overpayments. “Social Security is taking a critically important step towards our goal of ensuring our overpayment policies […]