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What to Expect for Social Security Changes in 2026
As is usually the case, 2026 will bring several program changes to Social Security. For example, there will likely be a cost-of-living increase in 2026. It is currently estimated at 2.5%. The full retirement age will be officially age 67 for anyone born in 1960 or later. You will pay more Social Security taxes on your benefit, up from the current $176,100 of taxable earnings.
Also, as a result of the One Big Beautiful Bill Act signed into law July 4, there will also be an increased tax deduction of $6,000 on your 2025 tax return for people 65 years old and older. Married couples will get $6,000 each, or $12,000 if both are 65 or older. This will help lower your tax liability regardless of whether or not you are receiving your Social Security benefits. It will begin to phase out for single filers with Modified Adjusted Gross Income (MAGI) of $75,000 and married filers with MAGI of $150,000. To read the full article by The Motley Fool’s Keith Speights on MSN.com click here …
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
Does not help anyone who does not work and get only 1000 to 1500 a month.