On November 2, 2015, the Bipartisan Budget Act of 2015 was signed by President Obama.
While the primary purpose of this legislation was to authorize an increase in the federal debt limit, the inclusion of Section 831, entitled “Closure of Unintended Loopholes” had a major effect on the popular claiming strategies of “File and Suspend” and “Restricted Application” used by many Social Security recipients.
These strategies were allowed through provisions added in 2000 by the Senior Citizens Freedom to Work Act through a concept referred to as “voluntary suspension of benefits.”
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