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Money in the News / Government & Policy

Government & Policy

Legislation, executive orders, regulatory changes, and government actions that directly impact personal finances, taxes, benefits, or the economy.

Latest in Government & Policy

Government & Policy

A bipartisan bill would let thousands of combat-injured veterans collect both their military retirement and full VA disability pay

More than 50,000 combat-injured military retirees stand to receive thousands of additional dollars each year if Congress passes the Major Richard Star Act, a bipartisan...

Government & Policy

Most states waive property taxes entirely for veterans rated 100% disabled

Veterans with a 100 percent service-connected disability rating from the U.S. Department of Veterans Affairs can eliminate their entire property-tax bill in a growing number...

Government & Policy

The same veterans bill would raise survivor payments and restore benefits to spouses who remarried

Surviving spouses of veterans who depend on Dependency and Indemnity Compensation would see their monthly payments rise under companion bills introduced in the Senate and...

Government & Policy

New Medicaid work rules now reach adults up to age 64, but people 65 and older stay exempt

Millions of adults on Medicaid who are between 19 and 64 years old now face a federal requirement to log 80 hours per month of...

Government & Policy

New York now lets towns cut up to 65% off a senior’s home value for property taxes, if you apply

Homeowners aged 65 and older across New York State can now qualify for a property-tax exemption that shaves as much as 65 percent off their...

Government & Policy

Texas homeowners 65 and older can now shield $200,000 of their home’s value and freeze their school taxes for life

Texas homeowners who are 65 or older now qualify for a combined $200,000 school-district homestead exemption, effectively removing that portion of their home’s assessed value...

Government & Policy

Amazon Prime members have until July 27 to claim up to $51 from a $2.5 billion federal settlement

Millions of Amazon Prime subscribers who were enrolled without clear consent or blocked from canceling now face a hard deadline: July 27 is the last...

Government & Policy

Eighteen states can now block soda and candy from food-stamp purchases

Millions of Americans who rely on federal food assistance can no longer use those benefits to buy soda or candy in a growing number of...

Government & Policy

Most states waive property taxes entirely for veterans rated 100% disabled

Veterans with a 100 percent service-connected disability rating from the U.S. Department of Veterans Affairs can eliminate their annual property tax bill entirely in a...

Government & Policy

A Senate bill would raise disability pay for millions of veterans starting this December, and now Congress must pass it

Millions of veterans who depend on monthly disability checks from the Department of Veterans Affairs could see their payments rise in December, but only if...

Government & Policy

Buyers of new U.S.-built cars can deduct up to $10,000 in auto-loan interest through 2028

Households financing a new American-made car now have a direct path to cut their federal tax bill by thousands of dollars each year through 2028....

Government & Policy

A House bill would raise survivors’ benefits for veterans’ widows and add a new monthly payment for severely disabled vets

Surviving spouses of veterans who depend on Dependency and Indemnity Compensation would receive annual payment increases above the standard cost-of-living adjustment, and the most severely...

Government & Policy

New SNAP work rules now reach adults up to 64, and more than a million older Americans could lose food benefits

Non-disabled adults as old as 64 now face federal time limits on food assistance, a shift that could push more than a million older Americans...

Government & Policy

Indiana suspended most of its state gas tax this summer, a rare break at the pump for its drivers

Indiana drivers are paying less at the pump this summer after the state suspended collection of two gasoline taxes that normally flow through every gallon...

Government & Policy

Anyone on Medicaid or SNAP can cut $9.25 a month off a phone or internet bill through the federal Lifeline program

Households enrolled in Medicaid or the Supplemental Nutrition Assistance Program qualify for a $9.25 monthly discount on phone or internet service through the federal Lifeline...

Government & Policy

Michigan raised its Medicaid asset limit to $9,950 for a single senior, loosening a cap that stood for decades

Older adults in Michigan who have been denied Medicaid because they held a few thousand dollars in savings now face a different calculation. The state...

Government & Policy

Adults 60 and older stay exempt from SNAP’s new work rules and can deduct medical costs to raise benefits

Adults 60 and older who rely on SNAP benefits will not face the tighter work requirements that Congress imposed on younger participants through the One...

Government & Policy

SNAP rolls have shrunk by more than 4 million people since tougher work rules took effect last year

More than 4 million people have dropped off the Supplemental Nutrition Assistance Program since the Fiscal Responsibility Act’s tougher work rules went into effect, a...

Government & Policy

Many states bar utilities from cutting seniors’ power during extreme heat

Seniors living on fixed incomes in Arizona, Missouri, Maryland, New York, and Washington now have explicit legal protection against losing electricity during dangerous heat waves....

Government & Policy

A House bill would finally let combat-injured military retirees collect both their pension and their disability pay

Thousands of combat-injured military retirees forced out of service for medical reasons stand to gain full access to both their Defense Department pension and their...

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