There are a lot of big changes coming to Social Security in 2023 after some of the highest levels of inflation in four decades hit last year. For the 66 million people receiving benefits from the program, it will be important to understand these changes as they begin to take effect.

The size of Social Security checks is changing, as are the Social Security taxes that many people will pay and the income thresholds for many people looking to claim certain benefits. Here are four big changes to Social Security in 2023.

Social Security benefits are rising by 8.7% this year thanks to the administration's annual cost-of-living-adjustment (COLA).

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Source Fool.com