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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.
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...
The Social Security Administration has taken a lot of heat for its handling of overpayments to Social Security beneficiaries, and now the agency wants to make things easier on seniors. Among other...
If you’ve ever gotten a paycheck, you probably noticed that some of it went toward Social Security taxes. Currently, 6.2% of your pay is deducted for Social Security taxes on yearly earnings up ...
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 ...
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.
Social Security recipients will now have to pay back much less if they were inadvertently overpaid.