The changes, set to be officially announced on October 14, include an estimated 3.8% cost-of-living adjustment (COLA) for all beneficiaries, which could add approximately $79 per month to the average retirement benefit. Additionally, the income required to earn a Social Security credit will increase from $1,890 in 2026, and the payroll tax cap will rise from the current $184,500. The earnings test limits, which can reduce benefits for those working below full retirement age, will also be adjusted upwards from the 2026 thresholds of $24,480 and $65,160.