overpayment

Social Security Halts Refund Grab to Recover Old Debts

Posted on 04/11/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsUpdate: The Social Security Administration says it will immediately stop collecting old debts by grabbing taxpayers’ refunds. In a statement, Carolyn W. Colvin, the acting commissioner of the agency, says: “I have directed an immediate halt to further referrals under the Treasury Offset Program to recover debts owed to the agency that are 10 years old and older pending a thorough review of our responsibility and discretion under the current law to refer debt to the Treasury Department. “If any Social Security …