You Could Owe Social Security Benefit Taxes in 2026, and a Looming Change Makes This Even More Likely in 2027

With 2027 just a couple months away, you might be watching your budget a bit more closely than usual. The holidays often bring increased spending, and your marginal tax bracket for the year may not be locked in yet. It depends on your taxable income over the last few months. Seniors on Social Security also have to worry about where their provisional income might wind up, as this determines whether they'll owe taxes on their Social Security benefits. Even if you manage to avoid these this year, you may have to brace yourself for them in 2027. Image source: Getty Images.

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