You could also pay more in Social Security payroll taxes next year, even if you earn less than the taxable wage base. If you got a raise or a new job that pays more, you will owe taxes on this additional income. The good news is, since you're used to paying Social Security taxes on all your income already, you probably won't notice the difference.

Social Security changes take effect in early 2026, including a higher full retirement age, a new COLA, and increased wage caps. Here's what you need to know.

The Social Security retirement and Medicare Hospital Insurance (HI) trust funds are approaching insolvency, with both trust funds expected to be depleted in just seven years.

Social Security benefits are likely to get a historic cost-of-living adjustment (COLA) in 2026, but the program will undergo other important changes, as well.