The Social Security Administration (SSA) has updated the maximum civil monetary penalties to account for inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments are effective from January 15, 2025, through January 14, 2026. For example, the penalty for fraud facilitators in positions of trust will increase from $9,704 to $9,956, and for violative broadcasts, the penalty will rise from $63,991 to $65,653. The SSA uses the October Consumer Price Index and guidance from the Office of Management and Budget to calculate these annual updates.
Simple Explanation
The Social Security Administration is updating some money fines to keep up with rising prices, so it's like when toys cost more each year. From 2025 to 2026, the fine for some bad rules, like lying, goes up by a bit to help stop trouble.