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If Social Security decides to waive the overpayment, this means that you do not have to repay the money to Social Security. Social Security should also refund any part of the overpayment that they already collected from you.
If you agree that you have been overpaid, but you feel you should not have to pay it back because you did not cause the overpayment and you cannot afford to repay it, you should file Form SSA-632, Request for Waiver of Overpayment Recovery.
To refrain from engaging in, sometimes temporarily; cancel or postpone. Lets waive our discussion of that problem.
1a : to relinquish (something, such as a legal right) voluntarily waive a jury trial. b : to refrain from pressing or enforcing (something, such as a claim or rule) : forgo waive the fee. 2 : to put off from immediate consideration : postpone.
To request an exemption from Social Security taxes, get Form 4029Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits from the Internal Revenue Service (IRS). Then, file the form with the Social Security Administration (address is on the form).
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to not demand something you have a right to, or not cause a rule to be obeyed: The bank manager waived the charge (= said we didnt have to pay), as we were old and valued customers.
verb (used with object), waived, waiving. to refrain from claiming or insisting on; give up; forgo: to waive ones right;to waive ones rank;to waive honors. Law. to relinquish (a known right, interest, etc.) intentionally. to put aside for the time; defer; dispense with: to waive formalities.
To refrain from engaging in, sometimes temporarily; cancel or postpone. Lets waive our discussion of that problem.
/ˈweɪ.vɚ/ an agreement that you do not have to pay or obey something: We had to sign a waiver, giving up any rights to the land in the future. Official documents.
An overpayment waiver is a request to have your PUA, FPUC, or PEUC overpayment waived, meaning you do not have to pay the overpayment. The Department of Labor may accept your request if you demonstrate that repaying the money would cause a financial hardship on you.

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