United States citizens receiving Social Security, like all other Americans, are subject to certain tax obligations. As a result, tax payment is an important part of our economy, and those who do not pay on time may face a variety of issues.
We’re not just talking about fines and penalties for failing to send your tax return to the IRS on time, but also about other types of penalties like losing your Social Security check.
This is significant because many Americans have no other source of income besides their retirement check.
Therefore, it is vitally important to know all the details surrounding the possible loss of Social Security benefits. Payments could be withheld or even canceled, depending on the situation. This is undoubtedly a tragedy in many American households.
How can I lose my Social Security payment in 2025?
The truth is that the primary reason we may lose our Social Security payments in February 2025 is that we owe taxes to the United States government. If you owe federal taxes, the Internal Revenue Service (IRS) may withhold your retirement benefits.
If this is your situation, it is best to pay off all of these debts as soon as possible, as you may face not only a penalty, but also the withholding or complete cancellation of your monthly Social Security check. After all, this type of tax payment is required for all Americans.
All of this is aimed at recovering back taxes from Americans. As a result, if you receive a Social Security benefit and have this type of debt, your check may be held until the debt is paid.
Even so, the Federal Payment Diversion Program cannot deduct more than 15% of your monthly Social Security benefit. This would be repeated month after month until your debt is completely paid off.