Millions of retirees will see an increase in Social Security benefits after President Joe Biden signed a bill. Here's how benefits will change.

The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for their marital status.

The age you file for Social Security is perhaps the most important decision affecting your benefit amount. You can begin taking benefits as early as 62, but waiting up to age 70 will earn you larger payments each month.

Understanding how continued employment can impact your Social Security benefits is crucial, especially if you plan to claim them before reaching full retirement age. Learn how income limits work, how they affect your benefits,

Levine emphasized a crucial point: if Social Security is the sole income source and it's limited to $26,000 or $27,000 annually, the recipient will likely owe $0 in income tax. Co

You can maximize your benefits if you wait to claim Social Security until your full retirement age or older. However, claiming earlier could shrink your monthly check by as much as 30 percent. Workers can start to get Social Security retirement benefits as early as 62 years of age.