Social Security Under New “Big Beautiful” Tax Provision
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Last week, on August 14, 2025, the Social Security Act celebrated its 90th anniversary — a milestone for one of the United States’ most important so-called safety nets. The program has lifted millions of older adults out of poverty, steadied some households through economic shocks, and provided dignity for many in retirement.
Social Security changes in 2026 include a COLA increase, higher retirement age, and tax changes tied to Trump’s new law.