Social Security Administration will stop seizing tax refunds for old benefit overpayments

04/17/2014 | Accounting Today · Financial Advisor

Responding to a call by Sens. Barbara Boxer, D-Calif., and Barbara Mikulski, D-Md., the Social Security Administration will stop seizing taxpayer refunds for decades-old benefit overpayments. "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," Acting Social Security Administration Commissioner Carolyn Colvin said in a statement.

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Accounting Today · Financial Advisor

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