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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

Homeowners 65 and older can cut hundreds off property taxes with a circuit-breaker rebate.

Seniors who own homes in Massachusetts or Maryland could recover hundreds of dollars on their annual tax bills, but only if they file for a...

Government & Policy

New Mexico is sending $500 rebate checks, plus $500 per spouse or dependent.

New Mexico residents who file state income tax returns could receive $500 each, plus an additional $500 for a spouse and $500 per dependent, under...

Government & Policy

Illinois raised its Senior Freeze income limit to $75,000, letting more retirees lock in their property-tax bill.

Illinois seniors who earn up to $75,000 a year can now freeze the assessed value of their homes for property-tax purposes, a $10,000 jump from...

Government & Policy

New York raised its senior homeowners’ exemption to 65%, trimming property-tax bills for people over 65.

Older homeowners across New York State stand to save hundreds of dollars a year on property taxes after Governor Kathy Hochul signed legislation raising the...

Government & Policy

$6,500 is what New Jersey’s new Stay NJ program can cut from a senior’s property-tax bill.

New Jersey seniors who earn $100,000 or less a year stand to receive up to $6,500 off their property-tax bills under the state’s Stay NJ...

Government & Policy

$1 trillion in Medicaid cuts lands late this year, and seniors’ home-care aid is first on the chopping block.

Seniors who depend on home-care aides to bathe, eat, and stay out of nursing homes face the most immediate risk from nearly $1 trillion in...

Government & Policy

SNAP food benefits will now change only once a year, stripping the mid-year raises that cushioned grocery-price spikes

Tens of millions of Americans who rely on the Supplemental Nutrition Assistance Program lost a key financial buffer when Public Law 119-21 took effect on...

Government & Policy

A Senate bill would raise base disability pay for millions of veterans and survivors later this year

Sens. Jerry Moran and Richard Blumenthal introduced bipartisan legislation in May that would raise base disability compensation for veterans and increase Dependency and Indemnity Compensation...

Government & Policy

The House passed a benefits increase for catastrophically disabled veterans and Gold Star families

Surviving spouses of service members killed in action and veterans with catastrophic disabilities stand to receive larger monthly payments under a bill the House passed...

Government & Policy

A new bill would let homeowners 65 and older shield up to $1 million in home-sale profit, as the $500,000 limit frozen since 1997 traps longtime owners

Longtime homeowners aged 65 and older who have watched their home values climb for decades face a tax trap that Congress set nearly three decades...

Government & Policy

A bill in Congress would end all federal taxes on Social Security benefits and pay for it by taxing wages above $250,000

Sen. Ruben Gallego, Democrat of Arizona, has introduced a bill that would wipe out federal income taxes on Social Security benefits for every retiree in...

Government & Policy

New Medicaid work rules hit 40 states in January 2027, but people 65 and older stay exempt

Millions of working-age adults on Medicaid will need to log 80 hours per month of work, job training, or other approved activities to keep their...

Government & Policy

A new FTC rule makes hotels, airlines and ticket sellers show the full price up front, ending checkout surprises

Travelers booking hotel rooms and concert tickets now face a different checkout experience than they did a year ago. The Federal Trade Commission’s rule banning...

Government & Policy

Hyundai and Kia are recalling electric SUVs over battery cells that can catch fire, and dealers make the repair free

Owners of certain Kia EV6 and EV9 electric SUVs face an immediate fire risk tied to defective battery cells, and federal regulators are telling them...

Government & Policy

Costco is being sued by shoppers who say it raised prices for tariffs, then moved to keep the government’s refund for itself

Costco Wholesale is facing a consumer lawsuit alleging that the retailer raised shelf prices to cover tariffs imposed under the International Emergency Economic Powers Act,...

Government & Policy

A bipartisan House bill would add a new $833-a-month payment for survivors of veterans who died from service-connected illness, starting in December

Surviving spouses and dependents of veterans who died from service-connected illness could receive an additional $833 per month under H.R. 6047, a bipartisan House bill...

Government & Policy

New Jersey’s ANCHOR program is paying homeowners and renters up to $1,750 this year, with seniors in line for the largest checks

New Jersey residents 65 and older who own homes and earn $150,000 or less stand to collect up to $1,750 in property tax relief this...

Government & Policy

SNAP has lost more than 4 million people since new work rules took hold, and veterans and some caregivers lost their exemptions

More than 4 million people have dropped off the Supplemental Nutrition Assistance Program since the One Big Beautiful Bill Act took effect after being signed...

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...

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