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Don’t Risk Losing Any of Your Social Security Benefits - Grada3.com
Keep your information up-to-date with Social Security. Errors in reporting your income, change of address, or your marital status can affect your eligibility. You don’t want to find yourself dependent on your Social Security for income, to be notified that you have had your benefits reduced or suspended.
It is important that you understand how certain situations can affect your benefits. One of the most common reasons people find their Social Security benefits reduced or suspended is as a result of taking their benefits before their full retirement age (FRA) and continuing to work. It’s not that you can’t work, but you must stay aware of the earnings limit you are subject to until you reach your FRA. The earnings limit is $23,400 for 2025. If you go over that limit, Social Security will withhold $1 for every $2 you go over.
Social Security benefits are protected from creditors, but you can still have your benefits garnished by certain government agencies. The IRS can withhold up to 15% of your benefits to cover any unpaid taxes. Courts can order Social Security to withhold child support or alimony up to 65% of your payment. Overdue federal student loans can result in your benefit being garnished for up to 15%. There is a rule that you must be left $750 per month to live on, but that only applies to federal debt, not to child support and alimony. If you find yourself subject to garnishment, Social Security cannot help you. You must contact the agency that garnished your Social Security benefits to try and get it removed.
There are other conditions that could lead to a reduction or stoppage of your benefits. If you are getting benefits based on someone else’s record, such as spousal or survivor benefits, your benefits may be affected by changes in your marital status. Returning to work in a foreign country or moving to another country, you could find your benefits reduced or stopped as a result of certain rules or restrictions.
If you have any debts with any of the above-listed agencies, try to make a payment arrangement before you file for your benefits to avoid having them garnished. Check the rules and regulations for Social Security when moving to another country. If you collect your Social Security benefits before your FRA and continue to work, pay attention to the earnings limit. You don’t want to find yourself in a position where your benefits have been reduced or suspended, and you have no other income. Read an article by Jordan Blake for more information here …
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