About 75 million Americans will see a 2.8% cost-of-living adjustment to their Social Security and Supplemental Security Income benefits in 2026.

The increase is expected to add $56 per month on average to Social Security retirement benefits, according to the Social Security Administration.

But other changes — particularly a new tax deduction for seniors and rates for Medicare Part B premiums — will affect the final amount retirees see in their monthly checks starting in January.

The Social Security Administration will send beneficiaries a one-page statement starting in early December with "exact dates and dollar amounts" of new monthly benefits for 2026, as well as any deductions, according to the agency.

The cost-of-living adjustment notice was available online for benefici

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