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Home Market Research Markets

The 2026 Social Security Bump Will Cost Some Retirees. Are Your Benefits at Risk of Taxation?

by TheAdviserMagazine
3 months ago
in Markets
Reading Time: 1 min read
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The 2026 Social Security Bump Will Cost Some Retirees. Are Your Benefits at Risk of Taxation?
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Andrii Iemelianenko / Shutterstock.com

Retirees will see their Social Security payments increase by 2.8% in 2026 to account for inflation. Yet, this latest annual COLA could end up costing some retirees. For those who do not currently pay federal income taxes on their Social Security benefits, the increase in Social Security income could cause their benefits to become taxable. For retirees who already pay taxes on their benefits…



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