Some are opting out of receiving monthly payments of the child tax credit to avoid tax headaches next year. Not everyone needs to worry. But many need to understand the risks, too.
Author: Susan Tompor, Detroit Free Press
Robocalls may start to fade thanks to new FCC requirement to identify and block scammers
Major U.S. carriers must now authenticate that incoming call to verify the phone number is actually local or belongs to the IRS, Amazon or your bank.
How to recognize money app scams and protect yourself when using Venmo, Paypal, Cash App
The frequency of money app scams are way up and victims often can’t get their money back as they would with credit card fraud. Know the warning signs.
IRS sends out letters now about the new Child Tax Credit
The IRS is sending two batches of letters to families who may be eligible for the advanced Child Tax Credit, which would roll out July 15.
Extra tax refund money for unemployed isn’t arriving soon enough for some
Millions of early tax filers wait for a special refund that could involve a few thousand dollars, as the IRS corrects returns to reflect a new waiver.
How crypto coin scams use celebrity imposters, other tricks to steal cash
A Michigan woman was targeted by scammers who pretended to be from a crypto coin website and attempted to drain $50,000 from her bank account.
Unemployment $10,200 tax break: Single taxpayers who lost work in 2020 could see extra refund money soonest
The IRS detailed on how it will handle a mixup involving a tax break for jobless benefits that became law a month after many already filed returns.
Some people are waiting longer for tax refunds: Why they’re delayed
Tax refund delays are hitting millions of people, as the IRS deals with staff shortages, equipment issues and other problems.
Tax return deadline is May 17: Why filing is vital for parents
Many people, including those who normally aren’t required to file, will want to file a tax return by May 17. Child Tax Credit to offer cash in July.
Don’t pay student loans with your stimulus check. Cash it toward credit card debt: Here’s why.
How can you invest stimulus money wisely? Think twice if you’re planning to use a big chunk of stimulus cash to pay off college debt.