Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Repay SS Overpayment
Old 11-28-2019, 09:09 PM   #1
gone traveling
 
Join Date: Oct 2019
Posts: 195
Repay SS Overpayment

If I received a overpayment from Social Security how do I pay back what is owed to Social Security.

My first Social Security monies will be in my bank account on December 1st. Never reduced my working hours in November. So I am sure I will receive more than I should.
OneMarcilV is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-28-2019, 09:24 PM   #2
Thinks s/he gets paid by the post
MissMolly's Avatar
 
Join Date: Jun 2010
Posts: 2,134
Never fear. If SS thinks they have overpaid you, they have no problems with going right back into your account and taking it back.
__________________
And whatever your labors and aspirations in the noisy confusion of life, keep peace in your soul. With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be cheerful. Strive to be happy.- Desiderata by Max Ehrmann
MissMolly is offline   Reply With Quote
Repay SS Overpayment
Old 11-28-2019, 09:30 PM   #3
gone traveling
 
Join Date: Oct 2019
Posts: 195
Repay SS Overpayment

Mean from my bank account? That is why i will not spend any of the monies.

The reason I asked is because I read this from 2 years ago. One receives a notice of the overpayment. Also after that ''You can tell SSA that you want to repay it in small amounts each month that you can afford. SSA can withhold all of your Social Security benefits to repay the overpayment. However, unless there is fraud involved, they will usually let you pay it back in smaller amounts. You will have to pay back at least $10.00 a month. SSA tries to get the money back within 3 years. If you want to ask SSA to withhold smaller amounts, you have to fill out the same form you would fill out for requesting waiver.''
OneMarcilV is offline   Reply With Quote
Old 11-28-2019, 09:32 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,328
Yea, don't worry. SS claimed that had overpaid my mom in 1971 and they took it out of my Federal income tax refund in 2014.
travelover is offline   Reply With Quote
Old 11-28-2019, 09:34 PM   #5
gone traveling
 
Join Date: Oct 2019
Posts: 195
Quote:
Originally Posted by travelover View Post
Yea, don't worry. SS claimed that had overpaid my mom in 1971 and they took it out of my Federal income tax refund in 2014.


Yes that is another option that I read.
OneMarcilV is offline   Reply With Quote
Old 11-28-2019, 09:45 PM   #6
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,645
Call them and set up a payment plan. People do this for income tax they can't afford to pay.
__________________
*********Go Astros!*********
aja8888 is offline   Reply With Quote
Old 11-28-2019, 09:48 PM   #7
gone traveling
 
Join Date: Oct 2019
Posts: 195
Quote:
Originally Posted by aja8888 View Post
Call them and set up a payment plan. People do this for income tax they can't afford to pay.


That is wht I could do. But if this s a small amount I will pay all at once. No need to spend my of the monies now anyway.
OneMarcilV is offline   Reply With Quote
Old 11-29-2019, 10:04 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
Quote:
Originally Posted by travelover View Post
Yea, don't worry. SS claimed that had overpaid my mom in 1971 and they took it out of my Federal income tax refund in 2014.
I'm surprised that is legal... you and your mom are separate entities.

I assume that you were her heir, but what if you were estranged and never received any money from her?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 11-29-2019, 11:07 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Mar 2013
Location: Coronado
Posts: 3,672
Quote:
Originally Posted by pb4uski View Post
I'm surprised that is legal... you and your mom are separate entities.

I assume that you were her heir, but what if you were estranged and never received any money from her?
I don't know travelover's specific situation, but usually this happens when a widow and minor child received benefits from the deceased spouse's/parent's account. If SSA later determines that the then minor child's benefit was overpaid, they come after the now adult child, even though the benefit was actually paid to the surviving parent and the child never had control over the funds. There was a lot of controversy over this a few years ago but I never heard how the court cases were resolved.
cathy63 is offline   Reply With Quote
Old 11-29-2019, 11:37 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,328
Quote:
Originally Posted by pb4uski View Post
I'm surprised that is legal... you and your mom are separate entities.

I assume that you were her heir, but what if you were estranged and never received any money from her?
I was a minor at the time and getting benefits because my dad was over 65 when he died. The dispute was over the last few payments after she died, which were cashed by a brother.


Long story short, I got the money back.
travelover is offline   Reply With Quote
Old 11-29-2019, 01:42 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 13,202
Quote:
Originally Posted by travelover View Post
I was a minor at the time and getting benefits because my dad was over 65 when he died. The dispute was over the last few payments after she died, which were cashed by a brother.


Long story short, I got the money back.
From your brother? Or from the government?
RunningBum is offline   Reply With Quote
Old 11-29-2019, 03:37 PM   #12
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 3,594
After my Dad's death he received a couple of SS payments. I went into a local SS office to return the excess via a check. Unfortunately, another part of SS later decided to debit Dad's checking account - which was in addition to my check payment. It took me about 6 months and a claim form to get the matter back to a $0 balance via a SS refund.

-gauss
gauss is offline   Reply With Quote
Old 11-29-2019, 03:55 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,328
Quote:
Originally Posted by RunningBum View Post
From your brother? Or from the government?
From Social Security.
travelover is offline   Reply With Quote
Old 12-06-2019, 06:59 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
Quote:
Originally Posted by travelover View Post
I was a minor at the time and getting benefits because my dad was over 65 when he died. The dispute was over the last few payments after she died, which were cashed by a brother.


Long story short, I got the money back.


This is exactly what happened to me but a few years after they confiscated my refund they called and said a court had ruled that it was ILLEGAL for them to collect the alleged overpayment in this fashion so they sent me the money. It was not an overpayment but I couldn’t prove it and all my appeals went nowhere. They asked how I wanted to repay so I explained and asked them to waive it and they said OK.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Overpayment on EFTPS - question omni550 FIRE and Money 11 03-22-2018 11:12 AM
Recoupment of Pension Overpayment Cruise42 Hi, I am... 45 12-14-2016 04:39 PM
Repay ACA credits - Penalty? Blueskies123 Health and Early Retirement 12 06-10-2016 03:51 PM
Jerome Kerviel: convicted, has to repay MichaelB FIRE and Money 6 10-05-2010 05:43 PM
Homebuyer tax credit: 950,000 must repay dex FIRE and Money 9 09-12-2010 09:49 AM

» Quick Links

 
All times are GMT -6. The time now is 01:54 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.