Social Security changes in 2026: Here are 5 of the biggest differences

(NewsNation) — With 2026 officially underway, several key changes have begun to take shape for Social Security in the new year.

Here are five of the most significant changes to watch out for, according to The Motley Fool:

Cost-of-living adjustment increase

Every year, Social Security benefits are eligible for a cost-of-living adjustment to keep up with inflation.

In October, the Social Security Administration announced a 2.8% COLA for 2026, increasing the average payout for retirees by $56 each month, or from $2,015 to $2,071.

For Medicare enrollees, however, benefits may not increase much because Medicare’s rules changed for 2026.

Medicare Part B premiums rose by about 10%, or $17.90, meaning many Medicare enrollees could see a large portion of their COLA absorbed by higher health care costs.

Earnings-test limits increase

“When you claim Social Security benefits before reaching full retirement age (FRA) and continue working and earning above a certain threshold, you are subject to the retirement earnings test,” according to the SSA.

In 2026, the general earnings test limit has increased from $23,400 to $24,480. Additionally, $1 in Social Security will be withheld for every $2 of earnings.

For people reaching full retirement age this year, the earnings test limit increased from $62,160 to $65,160. Additionally, $1 in Social Security will be withheld for every $3 of earnings.

Maximum monthly Social Security benefits increase

For people retiring at full retirement age in 2026, the maximum benefit has increased from $4,018 to $4,152.

However, “there is no simple maximum amount that covers everyone receiving retirement benefits,” according to the SSA.

You can delay Social Security beyond retirement age to receive higher monthly checks. For someone who delayed Social Security until age 70, the monthly benefit would be $5,251 in 2026.

Work credit value increase

To be eligible for Social Security, you must earn at least 40 work credits, which you earn “when you work and pay Social Security taxes,” according to the SSA. Since 1978, you can earn up to four credits per year.

In 2026, the value of one work credit is increasing from $1,810 to $1,890.