Summary
Starting January 2026, there will be important changes to Social Security. These changes include adjustments to monthly benefits, payroll taxes, and earnings limits for people who work while receiving benefits.
Key Facts
- Social Security and Supplemental Security Income benefits will increase by 2.8% starting January 2026.
- The average monthly retirement benefit will go up from $2,015 to $2,071.
- The maximum earnings subject to Social Security payroll taxes will increase from $176,100 in 2025 to $184,500 in 2026.
- People under full retirement age can earn up to $24,480 in 2026 before their benefits are reduced.
- The highest possible monthly Social Security benefit will rise to $5,251 in 2026.
- To qualify for the maximum benefit, a person must have a long work history with high earnings and delay claiming benefits until age 70.
