Social Security has been providing financial protections for beneficiaries for 90 years. Starting July 24, overpaid recipients may have their checks garnished by up to 50% to repay debts, but there are legal options to reduce or avoid repayment. Changes under the Trump administration include a shift to direct deposits and adjustments to the garnishment rate for overpayments. Nearly 2 million beneficiaries owe $23 billion in overpayments, with garnishment starting as early as July 24 for some. Beneficiaries have legal options to reduce or avoid repayment, including waivers, appeals, and adjusting the garnishment rate.
Read more at Nasdaq: A Social Security Garnishment of Up to 50% Is Affecting More Than 1,000,000 Beneficiaries — Here’s How You Can Legally Avoid It
