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Author: Susan Tompor, Detroit Free Press

Money

Coronavirus’ ‘social distancing’ is a scammer’s dream. Here’s how to not be a victim

March 31, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus’ ‘social distancing’ is a scammer’s dream. Here’s how to not be a victim

During ‘stay home’ orders across the country, scammers will be able to take advantage of consumers who are in isolation and could be more vulnerable.

Money

Tax questions answered: Here’s how to navigate coronavirus confusion after the April 15 filing deadline is extended to July 15

March 30, 2020March 30, 2020Susan Tompor, Detroit Free PressComments Off on Tax questions answered: Here’s how to navigate coronavirus confusion after the April 15 filing deadline is extended to July 15

Taxpayers still have a slew of questions after the federal income tax deadline shifted to July 15 from April 15 during the coronavirus pandemic.

Money

Coronavirus stimulus check scams are out to swindle you out of $1,200: What you need to know

March 28, 2020March 29, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus stimulus check scams are out to swindle you out of $1,200: What you need to know

FBI, states warn Americans that phone calls, texts or emails asking for personal or financial information to get $1,200 federal payment are not legit.

Money

Personal finance tips: How to pay the bills during the coronavirus pandemic

March 23, 2020Susan Tompor, Detroit Free PressComments Off on Personal finance tips: How to pay the bills during the coronavirus pandemic

You may be able to get a break paying your mortgage and student loans during the coronavirus pandemic. Check out these tips.

Money

Why you shouldn’t check your 401(k) during the coronavirus pandemic

March 22, 2020Susan Tompor, Detroit Free PressComments Off on Why you shouldn’t check your 401(k) during the coronavirus pandemic

Everyday investors could have lost 30% or more during the cornavirus crash depending on how they’ve invested. It’s hard to look at the numbers.

Money

As coronavirus outbreak spreads, banks and credit unions could cut breaks on payments

March 11, 2020Susan Tompor, Detroit Free PressComments Off on As coronavirus outbreak spreads, banks and credit unions could cut breaks on payments

Regulators encourage banks to work with borrowers who may be hit by coronavirus or virus-related job losses. PNC, Citi sent alerts.

Money

How scammers could use coronavirus scare to steal your money

February 28, 2020February 28, 2020Susan Tompor, Detroit Free PressComments Off on How scammers could use coronavirus scare to steal your money

Consumers are warned that they could soon be inundated with fake products, phony stock deals, fabricated emails and more that are designed to steal.

Money

You might have to prove your identity to get Michigan tax refund

February 17, 2020Susan Tompor, Detroit Free PressComments Off on You might have to prove your identity to get Michigan tax refund

Tax filers can expect to answer quizzes or prove their identity as the IRS and state governments try to crack down on ID theft-related tax fraud.

Money

Free File tax program goes unused by millions of Americans: Here’s how to know if you qualify

February 10, 2020Susan Tompor, Detroit Free PressComments Off on Free File tax program goes unused by millions of Americans: Here’s how to know if you qualify

A new audit blames ‘complexity, confusion and lack of taxpayer awareness’ for poor participation in free file tax program.

Money

Nervous about the size of your tax refund? You’re not alone

February 6, 2020February 6, 2020Susan Tompor, Detroit Free PressComments Off on Nervous about the size of your tax refund? You’re not alone

Big tax refunds give many consumers a way to feel flush when they don’t typically have a lot of slack in their budgets.

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