Roughly 2 million Americans owed money to the Social Security Administration due to overpayments in 2023, according to KFF and Cox Media group. Starting July 24, the higher wage garnishments will go into effect until the full overpayment has been resolved.

President Trump has overseen a flurry of Social Security changes in his first five months in office. In less than three weeks, a 50% clawback rate on Social Security overpayments -- up from just 10% during Joe Biden's presidency -- will officially kick in.

If you happened to have been overpaid by the Social Security Administration (SSA), your check may smaller this month.