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Author: Susan Tompor, Detroit Free Press

Money

I Bond rates can be an inflation hedge: What are they and why should you buy some now?

October 27, 2021Susan Tompor, Detroit Free PressComments Off on I Bond rates can be an inflation hedge: What are they and why should you buy some now?

You’re going to hear more about I Bonds in November when some startling new rates are set to be announced. What are they and how do they work?

Money

When can you expect your October child tax credit payment?

October 8, 2021October 9, 2021Susan Tompor, Detroit Free PressComments Off on When can you expect your October child tax credit payment?

October can scare up several reasons to think about taxes, including wondering when the next child tax credit payment will arrive.

Money

Child tax credit money arrives, but some parents say IRS shorted them and ‘it makes no sense why’

September 25, 2021Susan Tompor, Detroit Free PressComments Off on Child tax credit money arrives, but some parents say IRS shorted them and ‘it makes no sense why’

The IRS didn’t deliver the Sept. 15 payments in a timely fashion to many families. Some still wait; others received partial payments on Friday.

News

Gig workers to get hit with big tax surprise next year

September 23, 2021Susan Tompor, Detroit Free PressComments Off on Gig workers to get hit with big tax surprise next year

The pandemic should have taught gig workers to keep good records for expenses and income. Now they’ll need to understand new rules that hit in 2022.

Money

Some frustrated parents left waiting for September child tax credit payments

September 18, 2021Susan Tompor, Detroit Free PressComments Off on Some frustrated parents left waiting for September child tax credit payments

The Internal Revenue Service did not detail what went wrong or state how many people still did not receive their September payment as expected.

Money

Don’t fall for this scam as IRS child tax credit payouts hit bank accounts

September 15, 2021September 15, 2021Susan Tompor, Detroit Free PressComments Off on Don’t fall for this scam as IRS child tax credit payouts hit bank accounts

Watch your bank account for Sept. 15 child tax credit payouts, and watch your phone for texts from scammers who want your ID.

Money

Watch that email carefully: Scammers pushing stimulus stories to steal bank account numbers, more

September 5, 2021Susan Tompor, Detroit Free PressComments Off on Watch that email carefully: Scammers pushing stimulus stories to steal bank account numbers, more

IRS warns of record uptick in scammers using badly worded texts and emails about Economic Impact Payments and how to get that money.

Money

Social Security retirement benefits could see big hike in 2022: What to know

September 2, 2021September 2, 2021Susan Tompor, Detroit Free PressComments Off on Social Security retirement benefits could see big hike in 2022: What to know

An eye-catching jump in Social Security retirement benefits will be announced in October. How will those on the fence about retiring react?

Money

‘Vroom to Doom in 60 Seconds’: Customers never want to deal with online car seller Vroom again

August 22, 2021Susan Tompor, Detroit Free PressComments Off on ‘Vroom to Doom in 60 Seconds’: Customers never want to deal with online car seller Vroom again

Complaints about buying a used car online through Vroom skyrocketed, as the country faces a tight supply of used cars, according to the BBB.

Tech

Con artists are after your info: Why you can’t ignore data breaches like the one at T-Mobile

August 19, 2021Susan Tompor, Detroit Free PressComments Off on Con artists are after your info: Why you can’t ignore data breaches like the one at T-Mobile

So what if millions of T-Mobile phone numbers weren’t compromised, as the company said. Hackers have plenty with stolen Social Security numbers.

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