<ul data-eligibleForWebStory="false"><li>Starting in August, the Social Security Administration (SSA) will be clawing back overpayments, potentially reducing recipients' checks by up to 50%.</li><li>Overpayments can occur due to various reasons such as changes in income, living situation, or inaccurate information, leading to benefit miscalculations.</li><li>The SSA plans to recoup $72 billion in improper payments made from fiscal year 2015 through 2022, with a significant increase in the withholding rate to 50% starting in April 2025.</li><li>Over 2 million people had their Social Security payments clawed back in 2023, and the program is crucial for millions of Americans, particularly older women and people of color, to stay above the poverty line.</li></ul>

Your Social Security Payments Could Be Cut in Half—Here’s Why

Discover more