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flag Starting July 24, the SSA will halve monthly checks for 2 million Americans to recover $72 billion in overpayments.

flag Starting July 24, the Social Security Administration (SSA) will cut monthly benefit checks in half for about 2 million Americans who have received overpayments, aiming to recover $72 billion paid out since 2015. flag Overpayments occur due to income changes not being reported or calculation errors. flag Recipients can repay over time, contest the decision, or seek a waiver. flag This change increases the withholding rate from 10% to 50% to expedite recovery.

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