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SSA resumes debt collections via Treasury Offset Program, risking tax refunds or pensions for overpayment recipients.
For the first time in five years, Trump is resuming collections for defaulted student-loan borrowers on May 5.
If you collect Social Security in retirement, some of your payments are subject to the same garnishment rules that ... benefits to collect overdue federal tax debts. The Treasury Department ...
About 195,000 borrowers who haven't paid their student loan bills for at least nine months received a 30-day official notice ...
The government can seize a borrower's entire federal tax refund, and in some states their state refund, to collect on a ...
As of May 5, 2025, the U.S. Department of Education will resume collection efforts on defaulted federal student loans, ending a pause that began in March 2020 due to the COVID-19 p ...
Borrowers who are roughly a year behind on their loans could face harsh consequences such as having their Social Security ...
tax refunds, or other federal payments. For Social Security, the withheld amount cannot reduce monthly payments below $750 to ensure a minimum level of support. Wage garnishment: In addition to ...
allowing it to seize tax refunds and reduce Social Security benefits for those who owe defaulted student debt. Perhaps most alarmingly for workers, wage garnishment will also kick back in later ...
Federal tax refunds can be garnished by the U.S. Department of Education to offset delinquent loan payments. Income-driven repayment plans, refinancing and consolidation offer paths to avoid ...
If you collect Social Security ... garnished due to unpaid federal taxes, your best course of action is to work out a resolution with the IRS, either on your own or with the help of a tax debt ...