Potential Social Security Payment Cuts and Garnishments: What Beneficiaries Need to Know

1 min read
Source: The Motley Fool
Potential Social Security Payment Cuts and Garnishments: What Beneficiaries Need to Know
Photo: The Motley Fool
TL;DR Summary

The Trump administration has begun garnishing Social Security benefits for over a million beneficiaries to recover approximately $23 billion in overpayments, with some checks being reduced by up to 50%. Beneficiaries can legally avoid or reduce garnishments by requesting waivers, reconsiderations, or hardship-based repayment adjustments through specific SSA forms, especially if the overpayment was not their fault or causes financial hardship.

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