The recent budget agreement eliminates the practice of filing and then suspending one spouses SS benefit in order to increase that benefit with age.
Here’s more detail from Forbes.
The budget agreement would effectively eliminate file and suspend strategies by extending a concept called “deemed filing.” Currently, deemed filing does not continue past one’s full retirement age. The budget agreement will extend the deemed filing rule until the age of 70. Once a married person hits age 62, he or she is usually entitled to a retirement benefit under Social Security. Additionally, that spouse might be entitled to a spousal benefit based on his/her spouse’s retirement benefit.
From age 62 until full retirement age, if a person files for benefits it will be considered a deemed filing at which point he must collect both his spousal and retirement benefits with Social Security paying only the larger of the two benefits.
However, before the current budget agreement the deemed filing rule stopped immediately at one’s full retirement age, allowing him to choose between his retirement benefit or the spousal benefit. Many people would defer their worker’s benefit at full retirement age and collect the spousal benefit instead. Under the new rules, this choice will no longer be available
Categories: Social Security