{"id":40595,"date":"2025-07-27T07:28:14","date_gmt":"2025-07-27T07:28:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/40595\/"},"modified":"2025-07-27T07:28:14","modified_gmt":"2025-07-27T07:28:14","slug":"social-security-benefits-may-be-slashed-in-august-for-overpayments","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/40595\/","title":{"rendered":"Social Security benefits may be slashed in August for overpayments"},"content":{"rendered":"

\"play\"<\/p>\n

What to do if Social Security benefits were overpaid<\/p>\n

Beneficiaries that have been overpaid will have 90 days to submit a waiver or repayment plan or get a cut in benefits.<\/p>\n

The Social Security Administration (SSA) increased the overpayment recoupment rate from 10% to 50% of monthly benefits starting in late July.This change means some beneficiaries could see their checks reduced by half until the overpayment is repaid.Overpayments often occur due to incorrect benefit calculations or beneficiaries failing to update their information with the SSA.<\/p>\n

Your Social Security check<\/a> next month might be smaller. By a lot.<\/p>\n

That’s because on July 24 at the earliest, the Social Security Administration (SSA)<\/a> will start taking more money back from people who have gotten too much money from them in the past.<\/p>\n

So, if you got your check on July 23 this week you shouldn’t have seen a difference yet, but the change will be in effect for the Supplemental Security Income (SSI) payment scheduled for Aug. 1 and Social Security checks issued after that.<\/p>\n

Previously, if the SSA, which pays monthly benefits to nearly 69 million retired workers, survivors of deceased workers and\u00a0workers with disabilities<\/a>, overpaid a beneficiary for some reason \u2014 usually because benefits were calculated incorrectly or because a beneficiary failed to update a change in marital status, income, or disability status \u2014 the agency would start withholding 10% of their checks moving forward to put toward repaying that debt.<\/p>\n

Starting in late July, that percentage went up to 50%, meaning if you have received an overpayment your checks could be cut in half until the money is repaid.<\/p>\n

There’s no public figure on how many recipients have been overpaid, but the SSA tried to reclaim overpayments from about 2 million people in the fiscal year that ended September 2023, according to\u00a0KFF and Cox Media Group<\/a>, based on data acquired in a\u00a0Freedom of Information Act request<\/a>. According to\u00a0AARP<\/a>, most of the overpayments were to beneficiaries of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).<\/p>\n

Some people may have seen their benefits go up. That’s because the\u00a0Social Security Fairness Act<\/a>\u00a0started for public sector workers such as firefighters, police officers, teachers, and other critical public servants whose benefits were reduced in the past. As of July 7,\u00a0the SSA<\/a>\u00a0said it has processed more than 3.1 million payments, totaling over $17 billion, to those entitled to the retroactive payment adjustments.<\/p>\n

Here’s what to know.<\/p>\n

Social Security in Florida: How dependent is Florida on Social Security? Study ranks state, how much people make<\/a><\/p>\n

August Social Security payment schedule<\/p>\n

The Social Security Administration\u2019s yearly distribution schedules for\u00a02025<\/a>\u00a0and\u00a02026<\/a>\u00a0are available online so that you can check the calendar for budgeting purposes.<\/p>\n

Social Security typically pays benefits on Wednesdays, with the first wave of payments going out the second Wednesday of the month and the rest of the payments on the subsequent Wednesdays, depending on your birthdate.<\/p>\n

Social Security recipients who began getting benefits before May 1997 are paid on the 3rd of the month. The same goes for recipients who also get\u00a0SSI payments.<\/a><\/p>\n

Regular Social Security retirement benefits for the month of July will be sent out on the SSA\u2019s usual schedule:<\/p>\n

Wednesday, Aug, 13:\u00a0Birth dates between the first and 10th of the month.Wednesday, Aug, 20:\u00a0Birth dates between the 11th and 20th of the month.Wednesday, Aug, 27:\u00a0Birth dates between the 21st and 31st of the month.<\/p>\n

Worried about Social Security cuts? 3 things to do now if you’re already retired<\/a><\/p>\n

What is SSI?<\/p>\n

Supplemental Security Income is a benefit payment for those with limited income or resources aged 65 or older, who are blind, or have a qualifying disability. Children with a qualifying disability can also get SSI, according to the SSA’s\u00a0website.<\/a><\/p>\n

Adults who earn more than\u00a0$2,019 from work<\/a>\u00a0monthly typically do not qualify for SSI.<\/p>\n

There will be two SSI payments in August, one on Aug. 1 and another on Aug. 29, but none in September.<\/p>\n

SSI payment schedule for August, rest of 2025<\/p>\n

Here’s a look at the payment schedule for the rest of 2025:<\/p>\n

Friday, Aug. 1, 2025 (Check for August 2025)Friday, Aug. 30, 2025 (Check for September 2025)Wednesday, Oct. 1, 2025 (Check for October 2025)Friday, Oct. 31, 2025 (Check for November 2025)Monday, Dec. 1, 2025 (Check for December 2025)Wednesday, Dec. 31, 2025 (Check for January 2026)Why did the overpayment percentage change?<\/p>\n

The Biden administration reduced the previous overpayment recovery rate of 100% and capped it at 10% to allow recipients more time to pay back their debt without dropping below the income they needed to survive.<\/p>\n

Under President Donald Trump and his administration’s efforts to reduce waste, the overpayment clawback was initially restored to 100%<\/a>. The change applied to new overpayments only, the withholding rate for beneficiaries with overpayments before March 27 was not due to change.<\/p>\n

However, after a public outcry, in April the percentage was changed to 50%<\/a> for all overpayments, past and future, as a compromise.<\/p>\n

Social Security changes: Age for full Social Security benefits goes up this year. How old do you have to be?<\/a><\/p>\n

If you know you’ve been overpaid, paying back the extra money if you still have it will prevent your future checks from being affected.<\/p>\n

You can also contact the SSA to request a lower recovery rate or even to have it waived if losing half your payments would create financial hardships, especially if the mistake wasn’t your fault.<\/p>\n

Moving forward, keep an eye on your checks for anything unusual and be sure to promptly update your account with changes in your marital status, income, disability status or any other factors that could affect your eligibility.<\/p>\n

How many people in Florida receive Social Security benefits?<\/p>\n

Florida had more than 5 million people\u00a0claiming Social Security benefits<\/a>\u00a0as of December 2023, according to the AARP. That included more than 3.9 million retirees, over 478,000 disabled workers, more than 401,000 spouses or survivors and nearly 240,000 children.<\/p>\n

Nearly one in five Florida retirees, family members, veterans and others<\/a> receive Social Security benefits, according to the AARP.<\/p>\n","protected":false},"excerpt":{"rendered":"What to do if Social Security benefits were overpaid Beneficiaries that have been overpaid will have 90 days…\n","protected":false},"author":2,"featured_media":40596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[14803,182,414,28,13541,14804,12,13710,11501,939,2808,10719,3425,2994,3729,13555,13545,13558,1474,7617,15653,147,22751,2401,530,13544,1666,14816,7270,14809,5262,733,1552,14814,13546,13717,1596,826,13557,3479,13542,13696,13692,145,13689,14882,14884],"class_list":["post-40595","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-administration","tag-ai","tag-and","tag-business","tag-connect","tag-donald","tag-donald-trump","tag-enabled","tag-explainer","tag-finance","tag-florida","tag-highlights","tag-income","tag-investing","tag-local","tag-local-connect","tag-modular","tag-modular-story","tag-not","tag-pension","tag-personal","tag-personal-finance","tag-personal-finance-and-investing","tag-personal-income","tag-personalfinance","tag-point","tag-retirement","tag-retirement-u0026-pension","tag-security","tag-services","tag-social","tag-social-security","tag-social-security-administration","tag-social-services","tag-story","tag-story-highlights-ai-enabled","tag-the","tag-to","tag-to-the-point","tag-trump","tag-ttp","tag-ttp-explainer-not-visual","tag-u0026","tag-unemployment","tag-visual","tag-welfare","tag-welfare-u0026-unemployment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/40595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=40595"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/40595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/40596"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=40595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=40595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=40595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}