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Big updates for Social Security, SSI, and SSDI beneficiaries in 2026 — and this one includes both good news and frustrating changes. In this video, we break down the 2.8% COLA increase, the 9.7% Medicare Part B premium hike announced by the Centers for Medicare and Medicaid Services, and the brand-new tax deduction for Americans 65 and older that could significantly reduce your taxable income. Here’s what we cover: • How the 2.8% COLA really impacts your monthly benefit • Why Medicare Part B premiums increased by 9.7% • What the higher premium means for your net Social Security payment • The new $6,000 age-based tax deduction for seniors • Updated 2026 standard deduction amounts • Income limits and qualification rules • How this could reduce taxes on Social Security benefits • The latest inflation projections and what they mean for 2027 COLA • How data from the Bureau of Labor Statistics affects future adjustments • Why inflation trends matter for retirees on fixed incomes While the headline COLA increase sounded strong, many beneficiaries are seeing smaller real gains after Medicare deductions. The good news? A potentially valuable new tax break could help offset some of that impact. We also discuss how cooling inflation — as highlighted by sources like Investopedia — may influence next year’s adjustment. If you rely on Social Security, SSI, or SSDI, this is information you need to understand to plan ahead. Let me know in the comments: Has the Medicare increase affected your monthly budget? Do you qualify for the new tax deduction? Stay informed. Stay prepared. And don’t miss the next update.#SocialSecurity #SSI #SSDI #COLA2026 #MedicarePartB #SeniorTaxBreak #RetirementUpdate #InflationNews #SocialSecurityUpdate #FixedIncome #BenefitsNews #SeniorFinances