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Recovery of Social Security Overpayments: What You Need to Know About the New 50% Rate

The Trump administration has introduced a significant change in the Social Security overpayment recovery rate, increasing it to 50% of monthly benefits. This adjustment, effective from July 24, aims ...
Action News Jax

Social Security Administration to take back 50% of benefits for overpayments starting in July

The Social Security Administration will be taking back overpayments. The overpayments can happen when a person does not update their income, living situation, marital status, or the SSA makes a ...
Fast Company

Social Security July update: Here’s why checks could be smaller for millions of Americans

Up to two million Americans could see their Social Security payments reduced by 50% in late July. The reduced payments are being implemented so that the Social Security Administration (SSA) can claw ...
The Motley Fool

Losing Half Your Social Security Checks to Garnishment? Here's What to Do

Earlier this year, the Social Security overpayment recovery rate rose to 50%. You can request a lower rate if 50% is too much for you. You can also request that the Social Security Administration ...
The Motley Fool

Social Security Benefits Will Be Cut 50% for Some Retirees in Late July. Here's What You Need to Know.

The Social Security Administration under President Trump has raised the overpayment recovery rate to 50%, and the first wave of notices were mailed out in late April. Affected individuals have 90 days ...