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How Social Security COLA May Increase 2026 Benefits - AARP “ Social Security and Supplemental Security Income (SSI) benefits for 75 million Americans will be adjusted per the 2026 COLA, beginning January 1, 2026, without any delay due to the current government lapse in appropriation,” an SSA spokesperson said in an Oct 10 email
Are Social Security Benefits Taxable? - AARP About half of Social Security recipients paid federal income taxes on their benefits in 2021, the most recent information available, according to an August 2024 Congressional Budget Office report A new federal tax deduction, in effect through 2028, could determine whether you pay taxes on your Social Security benefits
Social Security Report Projects Shortfall by 2034 - AARP The trust funds Social Security uses to make sure recipients get their full benefits are projected to run out of money by 2034, according to the Social Security Board of Trustees That date is one year earlier than the trustees estimated in their report last year