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Social Security benefits will increase by 0.3 percent beginning with the December 2016 benefits, which are payable in January 2017. Federal SSI payment levels will also increase by 0.3 percent effective for payments made for January 2017.
The deduction amount depends on the type of benefit: For Social Security benefits, the full overpayment is taken until the balance is repaid. Withholding begins within 30 days of the overpayment notice date. For Social Security Supplemental Income benefits, 10 percent is withheld.