Social Security benefit taxes
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You Could Still Owe Social Security Benefit Taxes in 2026. Here's How to Plan for Them.
The Motley Fool· 2026-01-19 00:00
Sorting this out before you file your tax return will save you a big headache.There's been a lot of confusing information going around about Social Security benefit taxes over the last year. The White House claimed that President Trump's "big, beautiful bill" eliminated it, fulfilling a key campaign promise to seniors. But diving deeper into the law reveals no major changes to benefit taxes.This doesn't mean you're guaranteed to owe them in 2026, but there's certainly a possibility. Understanding how much y ...
Considering Going Back to Work? Watch Out for These 2 Things if You're on Social Security.
The Motley Fool· 2025-11-15 23:00
These two rules could have a big effect on your household income and taxes.You'd hoped for a big Social Security cost-of-living adjustment (COLA) for 2026 to help you combat rising costs. But then the Social Security Administration announced a 2.8% increase, which will only add about $56 per month to the average check. It's not much, and it could leave you wondering whether you ought to return to the workforce to supplement your benefits.This is absolutely an option, but there are a couple of lesser-known S ...