Social Security beneficiaries may face taxes if they have additional income sources or due to the COLA increase. Here's how to determine if you're affected.

Here are three significant Social Security changes for 2025. One of the best things about Social Security is that it has a built-in inflation-protection feature, via nearly annual cost-of-living adjustments (COLAs). The increase for 2025, effective in December 2024, was just 2.5% -- not far from average, but well below some recent COLAs.

The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from

In return for America’s workers voluntarily delaying their earliest Social Security benefits from 62 to 72, the volunteers would get to delay taxes on 401 (k) withdrawals along with taxes on those withdrawals.

Nearly all retired Americans now, or will one day, receive Social Security benefits, and those monthly payments are often used to supplement their retirement income. Although Social Security has been threatened with insolvency for decades,

Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect Social Security benefits. Another 4.88 million receive Supplemental