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Let’s take a look at Social Security overpayment rule changes.

When a person has been overpaid by Social Security the law requires the agency to seek repayment. Social Security had a 100% withholding rate for an overpayment being made to a recipient, this policy has been changed to reduce the financial burden it would place on someone, at times leaving them homeless or unable to pay their bills.

The new default overpayment rate has been reduced to 10% or $10 whichever is greater. This reduces the financial burden on someone receiving an overpayment. You still have the right to appeal an overpayment or to request a payment plan. You used to have to pay the overpayment back in no more than 36 months, you can now request as long as 60 months

Details are provided in this article by Katie Teague for CNET on April 13, 2024.

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