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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.
Due to the size and complexity of the Social Security system, recipients sometimes receive the wrong benefit amount. Unfortunately, this can lead to a hefty surprise bill. On Oct. 4, the Social...
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.
It also estimated that $4.6 billion, or 8%, of the $57.6 billion it paid in Supplemental Security Income to low-income senior citizens and people with disabilities that year were overpayments. The ...
Here are three ways the agency aims to simplify overpayments and help Social Security recipients save money: Lower repayment. As of March 25, the SSA will collect the greater of $10 or 10% of the ...
Here are three ways the agency aims to simplify overpayments and help Social Security recipients save money: Lower repayment. As of March 25, the SSA will collect the greater of $10 or 10% of the ...
For the 2023 tax year, your employer has to stop taking out Social Security taxes when your income surpasses $160,200. You're still obligated to pay the taxes on all income less than that amount.
As of November 2023, the Social Security Administration had distributed more than $23 billion in overpayments, and the agency has been busy contacting recipients to pay it back. The situation ...
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related to: irs overpayment rules for social security recipients file taxes deadline