§ 416.724 - Amounts of penalty deductions.

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Amounts deducted. If we find that we must impose a penalty deduction, you will lose from your SSI benefits a total amount of—

$25 for a report overdue in the first penalty period;

$50 for a report overdue in the second penalty period; and

$100 for a report overdue in the third (or any following) penalty period.

Limit on number of penalties. Even though more than one required report is overdue from you at the end of a penalty period, we will limit the number of penalty deductions imposed to one penalty deduction for any one penalty period.