SPECIAL REPORT: 2025 Social Security — Your Questions Answered and More

Three Changes Coming for Social Security in 2025 | Social Security and Your Taxes: Five Things to Know | Can Both Spouses Collect Social Security Benefits? Created for {EMAIL} | [Web Version]( September 6, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Three Changes Coming for Social Security in 2025]( [Three Changes Coming for Social Security in 2025]( (Getty Images) It’s not too early to start making plans for 2025. While the Social Security Administration hasn’t made certain final announcements yet, there are key changes we already know we can expect coming for Social Security next year. [These three important Social Security adjustments]( will matter whether you’re already taking Social Security checks or thinking about when to start. [] Taxes [] [Social Security and Your Taxes: Five Things to Know]( [Social Security and Your Taxes: Five Things to Know]( (Getty Images) Tax rules apply to retirement, survivor, and disability benefits, but not Supplemental Security Income (SSI). Options to manage tax liabilities include withholding federal taxes from monthly payments or making quarterly estimated tax payments. Cost-of-living adjustments (COLA) can push recipients into higher tax brackets. While most states do not tax Social Security benefits, [eight still do](. [Get Your Personalized Financial Plan Here]( No matter your level of experience, our team of advisors will give you personalized advice to help you invest confidently. Schedule your complimentary financial planning session today with J.P. Morgan Personal Advisors. [REQUEST DETAILS]( INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Kiplinger may receive compensation from JPMC ADVERTISEMENT [] Retirement [] [Can Both Spouses Collect Social Security Benefits?]( [Can Both Spouses Collect Social Security Benefits?]( (Getty Images) Married couples can collect Social Security benefits, with each spouse's payment based on their earnings record. They can also claim spousal benefits, which may be advantageous if one spouse has a significantly lower earnings record, [but there are certain requirements](. [] The Election [] [Do You Prefer Trump or Harris on Social Security? Here's What One Survey Shows]( [Do You Prefer Trump or Harris on Social Security? Here's What One Survey Shows]( (Getty Images) Both candidates have addressed Social Security in their platforms, with Harris supporting no cuts to benefits and raising taxes on high earners, while Trump promises no taxes on Social Security and no changes to the retirement age. So who do Americans think will do a better job protecting Social Security? [Find out here](. [] Financial Planning [] [Should You Delay Social Security if You're Wealthy?]( Financial planner Evan T. Beach poses three scenarios in which you might want to consider claiming Social Security benefits later if you have saved a significant chunk of change. [Read More]( [Get An Expert-Built Portfolio]( Target your goals with help from J.P. Morgan Personal Advisors. Get matched to an expert-built portfolio with automated tax-smart technology, and receive ongoing advice and annual check-ins to ensure your plan is on track. [REQUEST DETAILS]( INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Kiplinger may receive compensation from JPMC ADVERTISEMENT [] Social Security Basics [] [How to Apply for a Social Security Replacement Card]( Applying for a Social Security replacement card can be straightforward if you have the right documentation. But there's a new login. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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