Retirees Be Warned: Don't Ignore These Social Security Rules In 2026
As of 2026, retirees should be aware of significant changes to Social Security rules that may impact their finances. Key changes include an increase in the work credit value, a reduction in modified adjusted gross income (MAGI) for taxpayers aged 65 and older, and an increase in the retirement earnings-test limit. The work credit threshold will rise to $1,890 per credit, requiring $7,560 for four credits. Additionally, seniors can deduct up to $6,000 from their MAGI, enhancing financial flexibility but potentially affecting Social Security's trust fund solvency.
Yahoo Finance·