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What Social Security recipients should know about changes in January
New York Post • • business
Key Points:
- Starting January, Social Security recipients will receive a 3.6% cost-of-living adjustment (COLA), increasing benefits by about $75 per month for nearly 72 million retirees, with Supplemental Security Income (SSI) recipients seeing increases beginning December 31, 2026.
- The maximum taxable income for Social Security taxes will rise from $184,500 to $192,300 in 2027, causing higher earners to potentially pay up to $483.60 more annually in Social Security taxes on the additional $7,800 in income.
- The Social Security Administration completed a major update to its Social Security Number database by adding 17 million dates of death and updating 25 million citizenship records, enhancing identity verification and fraud prevention.
- Recipients are advised to create an online "my Social Security" account and enroll in paperless notices by November 18 to access their COLA notice digitally, with paper notices mailed in early December.
- Social Security payments in November 2026 will include an early check on November 10 due to Veterans Day, followed by regular payments on November 18 and 25.
