There’s good news if Social Security has told you that you were overpaid, and you need to repay Social Security benefits!
Social Security has increased the “administrative waiver” amount to $1000.
Administrative waivers of overpayments apply in cases where the cost of recovering the overpayment is greater than the amount of the overpayment itself.
Here’s is how it help you: if Social Security claims you are overpaid is $1000 or less, you may be able to have the amount waived because it would cost Social Security more than $1000 to recover the amount.
However, to qualify for an administrative waiver, you also need to show that you were not “at fault” for the overpayment.
The new amount applies to all cases were a waiver request is pending — even if the waiver request was filed before September 27, 2008.
This is the first change to the administrative waiver amount since 1993. Before the new waiver amount became effective on September 27, 2008, the administrative waiver amount was $500.