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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.
Beneficiaries can report these changes using their online “my Social Security” account, by calling toll free at 1-800-772-1213 or by visiting their local social security office.
Those who request to repay in smaller monthly payments are advised to fill out the Request for Change in Overpayment Recovery Rate (Form SSA-634) and fax or mail the form to your local Social ...
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It might be a long time before the Social Security Administration gets out from under the cloud of an overpayment crisis that has plagued the agency for a couple of years now. The SSA has angered...
In fact, about 40% of people who get Social Security have to pay federal income taxes on their benefits. If that check is your only retirement income, you likely won’t have a tax bill.
Additionally, Sen. Sherrod Brown (D-Ohio), who chairs a Senate panel that oversees Social Security, noted that “the government’s got to fix this.” Also: 5 Actions You Must Take If Your ...
What you might not know is that the earnings test could lead to Social Security overpayments you might one day have to pay back. Learn: This Is the Minimum You Need Saved for Retirement in Every State