The Social Security Administration, which overpays billions in benefits annually, is beginning to withhold some benefits sent ...

The Social Security Administration, which overpays billions in benefits annually, is beginning to withhold some benefits sent to overpaid recipients.

Starting this summer, Social Security will withhold 50% of benefits from overpaid recipients, up from the previous 10% rate.

Also, if changing direct deposit information, you either need to do so online through your “my Social Security” account or you need to do so in person at a Social Security office.

The Social Security Administration, which overpays billions in benefits annually, will start withholding some benefits sent to overpaid recipients.