How Social Security Will Be Taxed Differently in 2026
Millions of retirees are asking whether Social Security will be taxed differently in 2026 — and the answer is yes. New deductions and a higher standard deduction may reduce taxable income, especially for low- and middle-income seniors.
However, benefit increases triggered by the Social Security Fairness Act could make some retirees owe more, particularly those receiving new lump-sum payments or restored benefits.
The key document to watch is the SSA-1099 arriving after December 26. This form determines how much of a retiree’s Social Security becomes taxable for 2026 returns.
Many of these changes align with broader shifts in state and federal money laws taking effect nationwide, as detailed in our 2026 money law overview.
