Setting a bit

Use the bitwise OR operator (|) to set a bit.

number |= 1UL << n;

That will set the nth bit of number. n should be zero, if you want to set the 1st bit and so on upto n-1, if you want to set the nth bit.

Use 1ULL if number is wider than unsigned long; promotion of 1UL << n doesn't happen until after evaluating 1UL << n where it's undefined behaviour to shift by more than the width of a long. The same applies to all the rest of the examples.

Clearing a bit

Use the bitwise AND operator (&) to clear a bit.

number &= ~(1UL << n);

That will clear the nth bit of number. You must invert the bit string with the bitwise NOT operator (~), then AND it.

Toggling a bit

The XOR operator (^) can be used to toggle a bit.

number ^= 1UL << n;

That will toggle the nth bit of number.

Checking a bit

You didn't ask for this, but I might as well add it.

To check a bit, shift the number n to the right, then bitwise AND it:

bit = (number >> n) & 1U;

That will put the value of the nth bit of number into the variable bit.

Changing the nth bit to x

Setting the nth bit to either 1 or 0 can be achieved with the following on a 2's complement C++ implementation:

number ^= (-x ^ number) & (1UL << n);

Bit n will be set if x is 1, and cleared if x is 0. If x has some other value, you get garbage. x = !!x will booleanize it to 0 or 1.

To make this independent of 2's complement negation behaviour (where -1 has all bits set, unlike on a 1's complement or sign/magnitude C++ implementation), use unsigned negation.

number ^= (-(unsigned long)x ^ number) & (1UL << n);

or

unsigned long newbit = !!x;    // Also booleanize to force 0 or 1
number ^= (-newbit ^ number) & (1UL << n);

It's generally a good idea to use unsigned types for portable bit manipulation.

or

number = (number & ~(1UL << n)) | (x << n);

(number & ~(1UL << n)) will clear the nth bit and (x << n) will set the nth bit to x.

It's also generally a good idea to not to copy/paste code in general and so many people use preprocessor macros (like the community wiki answer further down) or some sort of encapsulation.

I see you're using unsigned integers. By definition, in C (I don't know about C++), unsigned arithmetic does not overflow ... so, at least for C, your point is moot :)

With signed integers, once there has been overflow, undefined behaviour (UB) has occurred and your program can do anything (for example: render tests inconclusive). 

#include <limits.h>

int a = <something>;
int x = <something>;
a += x;              /* UB */
if (a < 0) {         /* Unreliable test */
  /* ... */
}

To create a conforming program, you need to test for overflow before generating said overflow. The method can be used with unsigned integers too:

// For addition
#include <limits.h>

int a = <something>;
int x = <something>;
if ((x > 0) && (a > INT_MAX - x)) /* `a + x` would overflow */;
if ((x < 0) && (a < INT_MIN - x)) /* `a + x` would underflow */;

// For subtraction
#include <limits.h>
int a = <something>;
int x = <something>;
if ((x < 0) && (a > INT_MAX + x)) /* `a - x` would overflow */;
if ((x > 0) && (a < INT_MIN + x)) /* `a - x` would underflow */;

// For multiplication
#include <limits.h>

int a = <something>;
int x = <something>;
// There may be a need to check for -1 for two's complement machines.
// If one number is -1 and another is INT_MIN, multiplying them we get abs(INT_MIN) which is 1 higher than INT_MAX
if ((a == -1) && (x == INT_MIN)) /* `a * x` can overflow */
if ((x == -1) && (a == INT_MIN)) /* `a * x` (or `a / x`) can overflow */
// general case
if (a > INT_MAX / x) /* `a * x` would overflow */;
if ((a < INT_MIN / x)) /* `a * x` would underflow */;

For division (except for the INT_MIN and -1 special case), there isn't any possibility of going over INT_MIN or INT_MAX.