The IRS pushed deadlines to February 4 in 40 Alabama counties and February 8 in 27 Florida counties, including October's extension deadline. Balances due in April did not move.
Individuals and businesses in the parts of Alabama and Florida hit by Hurricane Isaias have more time for many federal tax deadlines, the IRS announced October 14. In Alabama, deadlines falling on or after October 7, 2026, are postponed to February 4, 2027, in 40 counties. In Florida, deadlines falling on or after October 9 are postponed to February 8, 2027, in 27 counties.
The taxable maximum rises from $184,500. The earnings limits for working beneficiaries rise too.
The maximum amount of earnings subject to Social Security tax will rise to $192,300 in 2027, from $184,500 in 2026, the Social Security Administration announced alongside the 3.6 percent cost-of-living adjustment.
The largest cost-of-living adjustment since 2023 reaches checks in January. Medicare's 2027 Part B premium, which comes out of many of those checks, has not been announced yet.
Monthly Social Security benefits and Supplemental Security Income payments will rise 3.6 percent in 2027, the Social Security Administration announced October 14. The increase reaches nearly 72 million Social Security beneficiaries starting with January 2027 benefits, and about 7.3 million SSI recipients starting with payments on December 31, 2026.
October 15 is the last day to file without a late-filing penalty if you requested an extension. IRS Free File stays open through today.
Taxpayers who requested an extension in April have until today, October 15, to file their 2025 federal income tax returns. For most people with a valid extension, it is the last day to file without a late-filing penalty.
The window to switch drug plans or move between Original Medicare and Medicare Advantage opens today.
Medicare's Open Enrollment period for 2027 coverage runs from October 15 through December 7. During it, people with Medicare can switch from Original Medicare to a Medicare Advantage plan or back, change Medicare Advantage plans, and join, switch or drop a Part D drug plan. Changes take effect January 1.
IRS, Medicare, HealthCare.gov, Federal Student Aid and the Federal Register.
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