Tag: underpayments
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SSA Audit Uncovers $291 Million in Unpaid SSI Underpayments
An SSA OIG audit found the agency failed to pay an estimated $291 million in SSI underpayments to 1.1 million recipients. The report highlights policy failures and recommends corrective actions, which SSA has agreed to implement.
Politics and GovernmentBusinessFederal GovernmentEconomySocial IssuesLegal Social Security AdministrationSupplemental Security IncomeUnderpaymentsAudit ReportFinancial HardshipGovernmentPolicy Failure
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IRS Keeps Interest Rates Steady for Fourth Quarter 2026
The IRS announced interest rates for tax overpayments and underpayments will remain unchanged for the fourth quarter of 2026. Individuals face 7%, while corporate rates vary, based on the federal short-term rate.
BusinessPolitics and GovernmentEconomyFederal GovernmentLegalFinancial Markets IRSInterest RatesTaxationOverpaymentsUnderpaymentsCorporationsIndividuals
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IRS Interest Rates Unchanged for Fourth Quarter 2026
The IRS announced interest rates for Q4 2026 will remain constant. Individuals face 7% for overpayments and underpayments, while corporate rates vary from 4.5% to 9% depending on the type and amount.
Politics and GovernmentBusinessFederal GovernmentEconomyLegal IRSInterest RatesTaxesOverpaymentsUnderpaymentsCorporationsIndividuals