Social Security Overpayments Fairness Act of 2014 - Reinstates the 10-year statute of limitations period applicable to the collection of amounts paid to Social Security beneficiaries by administrative offset. (This former statute of limitations was repealed effective May 22, 2008.)

Amends title II (Old Age, Survivors and Disabillity Insurance) (OASDI) of the Social Security Act (SSA), with respect to overpayments under OASDI or SSA title XVI (Supplementary Security Income for the Aged, Blind, and Disabled) (SSI), to prevent the recovery of any such overpayments made to or on behalf of individuals under age 18 by shielding such individuals from liability for the repayment of such amounts.