Social Security COLA Update

Social Security COLA Update as New Prediction Announced
In legislative developments, Representative Thomas Massie, a Kentucky Republican, reintroduced a bill last week aimed at completely eliminating income taxes on Social Security benefits—a move first suggested in 2023 and inspired by a proposal from President Donald Trump while on the campaign trail.
A payment increase in Social Security benefits is prepared thanks to the COLA
As February unfolds, eligible American households are set to receive the final Social Security payments of the month. With a recent increase due to the COLA adjustment, beneficiaries can expect higher payments than in 2024.
COLA, Social Security benefit increases take effect
Starting in January, Social Security recipients saw a 2.5% increase in their monthly payments as the annual cost of living adjustment (COLA) took effect. Benefits for February were sent out Wednesday. Social Security payments are sent on the second, third and fourth Wednesday of the month, depending on the recipient's birth date.
Social Security COLA could fall in 2026, forecasts say
The nonpartisan Senior Citizens League expects the COLA to be 2.3% for 2026, based on a forecast that inflation will drop throughout the coming year. Another forecast by independent Social Security and Medicare analyst Mary Johnson puts the expected COLA increase at 2.
Bad news for Social Security recipients in latest 2026 COLA projection
The actual cost-of-living-adjustment won't be announced until October, but early predictions say the increase will be a smaller percentage than the 2025 increase.
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