The Economic Times News

Social Security changes coming in 2026: Could you qualify for the new $6,000 senior tax deduction and save on federal taxes?

Social Security changes coming in 2026: A new $6,000 senior tax deduction could wipe out federal taxes for many Americans aged 65 and older. Payment schedules shift. Benefits rise under new laws. But higher income may also make more Social Security benefits taxable. Millions should review their income limits and tax forms before filing.