In 2024, the maximum monthly benefit is $3,822 for someone who files at full retirement age (FRA), which is age 66. The maximum benefit for those who qualify and delay claiming until age 70 is $4,873.2 The Social Security Administration's cost of living benefit increase for 2025 ...
including those that determine benefit amount and claiming age, are set by federal law. However, some states do tax Social Security benefits, so where you liveaffect tax levels on your retirement income. But again, the age at which you claim benefits won't affect your tax rate -- your inc...