Social Security Administration Resumes Treasury Offset Program Collections After COVID-19 Suspension
The Social Security Administration (SSA) today announced the immediate resumption of debt collection activities through the Treasury Offset Program (TOP) for debts accrued prior to March 2020. This decision comes after a suspension of collections due to the economic challenges posed by the COVID-19 pandemic.
The Treasury Offset Program, administered by the Department of the Treasury’s Bureau of Fiscal Service, is a centralized program designed to collect delinquent debts owed to federal and state agencies by intercepting Federal and state payments. Since 1992, SSA has referred delinquent Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) debts to TOP as mandated by law.
Prior to the suspension in March 2020, SSA had successfully collected almost $2 billion in previously unrecoverable delinquent debt through TOP. The program is essential for maintaining the integrity of the OASDI and SSI programs.
“Resuming collections through the Treasury Offset Program is a critical step in our commitment to being good stewards of taxpayer funds and ensuring the integrity of our programs,” said Lee Dudek, Acting Commissioner of Social Security. “We are dedicated to recovering overpayments while providing individuals with the necessary information and options to address their debts.”
The Department of Treasury has begun collecting debts SSA referred to Treasury before March 2020, impacting an estimated 280,000 individuals with a collective debt balance of $2.7 billion.
5 comments:
How many individuals will become homeless due to total offset of their benefits? When it rains it pours.
About time.
TRO offset is important, some terminated beneficiaries just stop paying their overpayment back. SSA at least can apply their tax refunds to reduce their debt. helping taxpayers and helping the trust fund.
So the IRS is ending all audits of the super wealthy, and SSA is turning the screws on the poorest Americans...and we are supposed to believe MAGA is for the working class.
Never had one in 30 years working overpayments.
This article is about IRS withholding tax refunds.
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