Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits.

In a couple of cases, states have revamped taxes on Social Security benefits. These changes, effective as of January 1, could put more money in the pockets of older adults and other beneficiaries at a time when the debate over federal taxes on Social Security income is also heating up.

One of the most important aspects of Social Security is that recipients are eligible for a cost-of-living adjustment (COLA) every year. These annual increases are designed to help seniors and those receiving Social Security benefits keep up with inflation.

Social Security benefits generally increase every year, and that's thanks to the program's annual cost of living adjustment (COLA). The COLA is meant to help retiree benefits keep pace with inflation,

The retirement age refers to when seniors are able to receive monthly benefits for the full amount of money they are entitled to.

Newsday talked with financial advisers for advice on when you should sign up to start receiving benefits, and an expert on the politics of Social Security explains why there are proposals to raise the retirement age beyond 67 — and why that hasn’t happened.

The average Social Security benefit will reach $1,976 per month in January 2025. It could crack $2,000 per month for the first time as the year continues. While these larger check

Social Security faces a potential funding shortfall by 2033-2035, with one key factor being the $168,000 payroll tax cap that hasn't kept pace with rising high-end incomes. Removing this cap could address 70% of the projected deficit,