A law passed in 2015 will essentially end the “file and suspend” strategy for claiming Social Security benefits. Under this strategy, seniors can begin Social Security at full retirement age (now 66) but then suspend payments until age 70, allowing the payment amount to increase. During the suspension period, a spouse or eligible child can receive benefits based on that senior’s work history. After April 30, 2016, the file and suspend option will no longer be available for the benefit of a spouse or child. However, taxpayers that have reached full retirement age before May 1, 2016, can still take advantage of the strategy if they submit a request to file and suspend by that date.