Latest News
Claiming Social Security in 2026? Here’s how to prepare. - Yahoo! Finance
Are you planning to take your Social Security benefits in 2026? Then it is important to be aware of several changes which can permanently affect your monthly benefit amount, and how you pay income tax on your benefits. Your benefit amount is determined by your exact age (in the month you claim benefits to start) relative to your Social Security full retirement age (FRA) – somewhere between age 66 and 67 depending on the year you were born. And the new “Senior Deduction” which was an element of the so-called “one big, beautiful bill” will likely affect the income tax you must pay on the Social Security benefits you receive. All of this is explained in this Yahoo! Finance article by Kerra Bolton.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…