A proposal in the Pentagon’s fiscal year 2027 budget request could raise the special combat pay from $225 to $450.

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Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. In a push by Senate Armed Services Committee Chairman Jack Reed, plans ...

The Pentagon is considering doubling the rates troops are paid while serving in certain dangerous areas, officials said this week. The proposal would raise the current monthly caps on imminent danger ...

A soldier assigned to the 10th Mountain Division surveys the back of a CH-47 Chinook during flight over Kabul, Afghanistan, March 2020. (Spc. Jeffery J. Harris/Army Reserve) New directives for ...

The Pentagon has designated over a dozen new areas where troops now qualify to receive special pay for serving in dangerous or hostile fire conditions, including on or around the Indian Ocean island ...

Many members of the U.S. armed forces qualify for special tax breaks that aren't available to other Americans. Some of the key benefits include state residency flexibility, tax-exempt allowances, ...

Let's take a look at how military pay works, the built-in advantages it offers and how you can use it to pay down debt, save for the future and build a rock-solid financial foundation. In terms of ...

A car goes through the new car wash after the grand-opening ceremony at Royal Air Force Mildenhall, England, March 1, 2024. (Airman 1st Class Cody Mott/U.S. Air Force photo) Editor's note: This is the ...