Dear Treasury Dept. and overpaid check recipients,
Something like this happened while I worked for Social Security. It took a long time for the Government to straighten things out. I’ll tell you what they ended up recommending so the current administration has a jumping off point.
This is a heads up to people who received an extra check. Do not send it back yet. I’ve been waiting for the government to come up with an answer to the overpayment debacle, but they haven’t, so here goes. This post should give you a jumping-off point. People who sent the check back with no explanation had the most problems. If you haven’t gotten a letter explaining anything, or if you are on the receiving end of this problem, you are welcome to use this as a guide.
The News can tell people to just sit tight for now.
The recommendation was to be ready to return the amount of the overpayment, not the check: but, wait until you get a letter with a return slip.
The Treasury will take a personal check; in fact, they couldn’t take the old check back. My recommendation is to deposit the overpayment into a separate account, one that accrues interest. The Government won’t ask for interest since it was their mistake. This was back in the horse-and-buggy days when banks paid interest, which they should start doing again😊 or put it in your own account, or under your couch, or somewhere you can remember, since you’ll make the same interest as a bank) but don’t forget the money’s NOT yours. Then wait – probably about nine months – long enough to have a baby, then you will get a letter, probably with an envelope. Fill out what they sent you and make the return.
Things may have changed since the olden days, but almost a year’s how long it took to straighten things out. For people without a checking account, perhaps the Post Office can give out money orders that cover the fee free-of-charge.
Get this News out soon because people get very upset when it comes to money owed to the Government. They can’t take too many extra stressors now.
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