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This info is for regular Social Security (not SSI)
If your social security benefit is less than $750/month, then it cannot be garnished for ANYTHING.
If you make more than $750/month, a garnishment can take 15% or the amount over $750, whichever is less.
SS benefits are generally protected against garnishments. SS, along w/just about every other gov. benefit is "exempt" from collection. That means nobody can get at it to pay a debt. Nobody, except Uncle Sam. Since 1996 garnishments of SS benefits have happened. BUT...ONLY "non-tax" Federal debts can be collected this way. Such debts are unpaid student loans, defaulted HUD, FmHA, FHA mortgages, etc.
SSI
SUPPLEMENTAL SOCIAL SECURITY (SSI) will NEVER be garnished for ANYTHING except SSI overpayments, which can be recovered by a 10% reduction of benefits.
Good Luck!
What else can I help you with?
Does a family income affect a student's eligibility for a pell grant?
no.
Does your wife's income affect your social security?
Absolutely. It affects her Social Security only.
Does 401K income affect social security benefits?
yes
Does stock sale affect Social Security Disability Income?
possibly
Does ex wife husbands income lower child support in ca?
husbands income does not count and is irrelevant
My husband draws disability from social security when i retire how much will i get from his?
ZERO your husbands disability income has to do with his inability to work and has nothing to do with you in life or death.
Does a union retirement fun affect Social Security Disability pay?
It is possible that some of the social security benefits could become taxable income on your income tax return.
Does Social Security payments affect Oklahoma unemployment?
No, it's considered an exempt income.
Does non earned income affect Social Security compensation?
Unearned income would NOT count as part of the income for the earnings test amount on your social security benefits amount. Unearned income could cause some of your SSB to become taxable income on your 1040 federal income tax return.
Do you have to include your husbands income on student loan applications?
If you both own the real estate- yes. If you are the owner the bank may want your husband to co-sign.
Does owning a home affect social security disability payments?
No. Social Security Disability payments are not based on assets, but on income. Owning a house may affect SSI (Supplemental Security Income) payments, especially if the house is particularly large, valuable, or the individual owns more than one house.
If a defaulted student loan is consolidated with repayment at 0 does this affect credit rating for non-payment?
No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.
