If you're receiving Social Security payments and owe money to the IRS, it's crucial to understand how your benefits might be affected.

Social Security beneficiaries are set to encounter significant changes in 2025, as the Social Security Administration (SSA) prepares to enforce stricter regulations that could lead to the suspension of benefits for those who fail to comply with the updated requirements.

Many retirees might be surprised to learn that a significant portion of their Social Security benefits could be subject to federal income tax. Understanding the 'combined income' metric and associated thresholds is crucial to avoid unexpected tax liabilities.