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Social Security Changes and COLA Outlook for 2026

Originally Published 4 months ago — by The Motley Fool

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Source: The Motley Fool

President Trump has made a permanent change to eliminate paper checks for Social Security benefits by September 30, 2025, aiming to reduce scams and save costs. Additionally, several changes are expected in 2026, including a potential 2.7% COLA increase, higher maximum benefits for high earners, increased taxable earnings caps, and adjusted income thresholds for early filers and disability benefits.