Major Changes to Social Security in July: Garnishments, Tax Relief, and Benefit Reductions
TL;DR Summary
Starting July 24, over 1 million Social Security beneficiaries will face garnishments, including a 15% rate for those with delinquent student loans, amid recent policy changes under President Trump aimed at reducing fraud and administrative costs. Beneficiaries can explore options to reduce or waive repayment of overpayments.
- Social Security Garnishment Begins on July 24 for More Than 1,000,000 Beneficiaries -- Here's How You Can Legally Avoid It Yahoo Finance
- Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors Social Security Administration (.gov)
- Some Social Security Recipients Will See Wage Garnishment in Just Weeks Newsweek
- Social Security change coming in July: Agency begins taking back 50% of overpayments USA Today
- Some Americans could see a 50% reduction in their Social Security checks MassLive
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