Social Security Raise

Millions to Get a Social Security Raise—But Will It Cost You in Taxes?

The 2025 Social Security increase will raise benefits by 2.5%, helping retirees cope with inflation. However, this adjustment may increase tax liabilities, as Social Security benefits are taxable based on combined income. This article breaks down tax thresholds, strategies to minimize taxes, and state-specific tax rules. Understanding these details can help retirees plan smarter for their financial future.