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8 Things That Affect Your Social Security Income

October 4, 2019 · Saving & Spending

Owing taxes or child support

Your Social Security is used by the government as a source to pay for a lot of taxes and services, including back taxes and child support.

In the case of taxes, garnishments are limited to 15% of the monthly benefits while in the case of child support, your monthly benefits could take a serious hit. You might have to pay as much as 65% for this type of obligation.

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