Social Security isn’t as simple as it seems—claiming early means smaller checks, but you’ve got one year to undo it by repaying everything. Taxes can bite too: benefits may be taxed based on your income, and a key senior tax break expires in 2028. Plus, working before full retirement age triggers an earnings test that cuts your benefits—though they’ll catch up once you hit your full retirement age. Stay informed to avoid costly surprises and make smarter moves with your hard-earned money.

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