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Federal Government Military Money & Taxes

IRS offers help to military members and veterans with their unique tax needs

Members of the U.S. Armed Forces, veterans and their families often qualify for special tax benefits. An IRS news release describes some of the most common deductions and exclusions and tells where to get more information.

Social Security and Supplemental Security Income (SSI) benefits to increase 5.9 percent in 2022

The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022.

NPS seels comments on proposed deer management program for parks in Washington, D.C. and Maryland

To protect and restore native plants and promote healthy and diverse forests, the National Park Service (NPS) proposes to reduce overabundant deer populations in several national parks in DC and Maryland.

US Senate passes 9/11 National Memorial Trail legislation; now goes to the President for signature

The U.S. Senate has passed H.R. 2278, bipartisan legislation to designate the “September 11th National Memorial Trail”, a trail route linking the National September 11th Memorial and Museum in New York City, the Pentagon Memorial in Arlington, Virginia, and the Flight 93 National Memorial in Somerset County, Pennsylvania.

LIFT Act proposes 20-year financing for first-time home buyers to help grow their wealth faster

Sen. Mark Warner said, “The LIFT Act will help close the racial wealth gap by allowing qualified home buyers to build equity – and wealth – at twice the rate of a conventional 30-year mortgage.”

PWC’s Mary G. Porter Traditional School gets “Blue Ribbon” honors from US Dept. of Education

Mary G. Porter Traditional School in Prince William County. is one just seven Virginia public schools among the 325 schools nationwide that U.S. Department of Education has named a 2021 National Blue Ribbon School.The Blue Ribbon Schools Program honors high performing schools and schools making exemplary progress toward closing achievement gaps.

Congressional Medal of Honor for 13 servicemembers who died during terrorist attack on Kabul Aug. 26

U.S. Senator Mark R. Warner and Senator Tim Kaine are cosponsoring a bipartisan bill to award a posthumous Congressional Gold Medal to the 13 American servicemembers who lost their lives during the terrorist attack in Kabul, Afghanistan on August 26th .

Annual tribute to fallen law enforcement officers on Oct. 6

This annual event – which is free and open to the public and is sponsored by the Prince William County Citizen Police Academy Alumni Association – will honor the lives and service of 18 men and women who lived, or served, in Prince William County and died in the line of duty.

Social Security asset reserves projected to be depleted in 2034

The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2034, one year earlier than projected last year.

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