India, Nov. 18 -- In January 2026, recipients of Social Security and Supplemental Security Income (SSI) will see significant changes and will see both highs and lows, according to the information released by the Social Security Administration (SSA)

According to Kiplinger, rising health-care costs, especially for Medicare Part B premiums, may eat up a substantial portion of the 2026 boost.

The maximum income subject to Social Security payroll tax will rise to $184,500 in 2026. It is currently $176,100.

To help pay for Social Security and Medicare, all employees are required to contribute 7.65% of their salaries.

For every employee, employers pay the same rate. Self-employed people pay 15.3% in FICA taxes, which are paid by both the emp...