This year marked a big change for Social Security benefits. Payments from the Social Security Administration hit a milestone they never have before -- and it's both good news and bad news for seniors.

You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the trouble of having to do the math to figure out how much you might owe. If it withholds too much from your checks, you'd get the extra back as a refund when you file your tax return.

Trump said he will fulfill his campaign promise to end taxes on Social Security benefit income. A new report found that will benefit high earners.