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lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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My social security payments hyave been $1873.00. Today, the

Customer Question

My social security payments hyave been $1873.00. Today, the SS deposit was for $1592.095. Can you advise whyt the sudden drop in payment amount?
James
Submitted: 9 months ago.
Category: Social Security
Expert:  lev-tax replied 9 months ago.

If you want to know for sure - you would need to contact the Social security Administration directly.

Please let me know if you need contact information.

Possible reduction might be because of Medicare premiums which are based on your income

Expert:  lev-tax replied 9 months ago.

See page 8 in following publication and verify what was your income

https://www.ssa.gov/pubs/EN-05-10536.pdf

In additional - there might increase for such premiums for 2016

https://www.medicare.gov/your-medicare-costs/part-b-costs/part-b-costs.html

But again - that is possible - but we may not know for sure why there was an increase in your specific situation. but you might want to verify.

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