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If you don’t report changes, or if you give false information or withhold information, you can get a penalty or sanction.
If you’re penalized, it means that you didn’t report a change to SSA on time.
With a penalty, you can lose additional money from your check. This amount is from $25 up to $100.
If you’re sanctioned, that means you gave false information or withheld important information.
If SSA discovers that you gave false information or withheld information on purpose, they can stop your payments from six to 24 months.
You should report a change even if you’re late. Being late is not as harshly dealt with as not reporting at at all.