In 2026, Social Security beneficiaries will receive their monthly payments on Wednesdays, with the schedule based on their birth dates, similar to 2025. The year will also see a cost-of-living adjustment, Medicare increases, and potential tax relief, supporting around 74 million Americans relying on these benefits.
Social Security payments for January 2026 are scheduled based on beneficiaries' start date and birth date, with specific dates for SSA and SSI recipients, and guidance provided for reporting missing payments.
The announcement of the 2024 Social Security cost-of-living adjustment (COLA) has been delayed due to the ongoing government shutdown, which also affects the timing of benefit increases and highlights concerns about rising costs and the calculation method for COLA, with proposals to change the index used to better reflect older Americans' expenses.
The government shutdown has delayed the announcement of the 2024 Social Security COLA, now expected on October 24, affecting millions of beneficiaries and highlighting concerns about the adequacy of the increase amid rising costs and proposed legislative changes to better reflect older Americans' expenses.
The announcement of the 2026 Social Security COLA may be delayed due to a government shutdown, with projections suggesting a 2.6% increase if the government reopens by mid-October; otherwise, the delay could impact the timing of the announcement, though beneficiaries will still receive payments.
The Social Security COLA for 2026, expected to be announced in October 2025, will adjust benefits based on inflation data from 2025, helping beneficiaries maintain their purchasing power amid rising living costs. The adjustment depends on factors like inflation trends, energy, healthcare, and housing prices, and will take effect in January 2026. Beneficiaries are advised to stay informed and plan accordingly.
The U.S. Treasury Department will stop issuing paper checks for federal payments, including Social Security, by September 30, shifting to electronic payments to improve efficiency and reduce fraud, though concerns remain about the impact on vulnerable populations who rely on paper checks.
The SSA will stop issuing paper checks for Social Security benefits starting September 30, 2025, transitioning to digital payments via direct deposit or a prepaid debit card, a move aimed at cost savings with minimal impact on beneficiaries.
President Trump signed an executive order requiring the end of paper Social Security checks by September 30, 2023, transitioning beneficiaries to digital payments to reduce costs, increase safety, and improve efficiency, affecting over 500,000 recipients still receiving paper checks.
The Trump administration clarified that a proposed change to the Social Security Administration's phone policy, which would have made routine account updates more burdensome, is now optional, alleviating concerns about increased obstacles for seniors and disabled individuals. The change would have required visits to field offices and online PIN authentication, but beneficiaries can now choose not to use the PIN and avoid office visits.
The Social Security Administration sent a misleading email claiming that the recent tax law eliminates taxes on Social Security benefits for most recipients, which is false; the law does not change the taxation of Social Security benefits, and the email has been criticized as politically motivated and inaccurate.
Starting July 24, over 1 million Social Security beneficiaries who were overpaid will face garnishments of up to 50% of their benefits, but there are legal ways to reduce or avoid these garnishments, such as requesting a waiver or appealing the overpayment.
Starting July 24, over 1 million Social Security beneficiaries will face garnishments, including a 15% rate for those with delinquent student loans, amid recent policy changes under President Trump aimed at reducing fraud and administrative costs. Beneficiaries can explore options to reduce or waive repayment of overpayments.
The Social Security Administration has announced the payment schedule for June 2025, with benefits for those who started before May 1997 paid on specific Wednesdays based on birth date, and SSI payments issued on June 1st, with instructions for reporting missing payments.
In June 2025, there will be no Social Security or SSI payments due to scheduling adjustments, with an early payment made on May 30 for SSI beneficiaries. Future months will see double payments in August, October, and December when the first of the month falls on a weekend or holiday. Beneficiaries should plan ahead and stay informed about the SSA's payment schedule.