Social Security Benefits Rise in 2026 Amid Taxation and Claiming Considerations

In 2026, Social Security benefits in the U.S. will increase by 2.8%, raising the average monthly payment to about $2,071 and the maximum to $5,251 for high earners with 35 years at the taxable cap. Benefits vary significantly by state, with higher payments in wealthier areas. However, many retirees may face increased taxation on benefits due to outdated federal thresholds. Experts advise delaying claims until full retirement age or later to maximize monthly payments, especially for those still working or with limited savings.