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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.
Why your Social Security check for July might be smaller
Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, July 9: Birth dates between the first and 10th of the month. Wednesday, July 16: Birth dates between the 11th and 20th of the month.
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13hon MSN
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