Retirees and those nearing retirement should keep a close eye on changes in Social Security rules and tax laws. Here's a look at a few key Social Security updates and tax changes reported by USA Today that could immensely impact retirement planning.
5 key changes in US Social Security rules that could hit your wallet in 2026
Summary
Retirees should monitor changes in Social Security and tax laws affecting their benefits. In 2026, a 2.8% COLA increase will raise monthly payments, while Medicare premiums rise 9.7%. Additionally, a new tax deduction for seniors may help offset state taxes on Social Security benefits.
Source
Mint
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