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Some Americans could see a 50% reduction their Social Security checks
In July, 50% of a person’s check will be withheld by the Social Security Administration if it issued an overpayment to them in the past. This effort is made through the Treasury Offset Program (TOP) which withholds the money until repayments are made.
Social Security checks for some Americans to be reduced by 50%
Starting in July, the federal agency will start withholding 50% of a person’s check if they’ve received an overpayment of their benefits. The withholding, officially part of what’s known as the Treasury Offset Program, will remain until the extra benefits are repaid.
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