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Garnishment of Social Security benefits, and how it occurs
For the past year or so, quite a bit has been written about the clawing back of overpaid Social Security benefits. Most recently, of course, there’s been the back-and-forth about the limit on how large a portion of a monthly benefit can be claimed for repayment, following an increase from 10% to 100%, then a settling in at 50%. Other much-publicized garnishments include delinquent federal student loans and, of course, unpaid federal taxes. These three garnishment reasons are fairly well known, but there are several others that often escape attention. The Motley Fool’s Sean Williams, in a post on their website, explains these in detail. Check out his post here…
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