Latest from Michelle Singletary
A late start, stimulus payments that still need to be issued, 2019 returns not yet processed. These are just a few of the issues that could make for a stressful 2021 tax season.
  • Jan 19, 2021
Tax Season 2021 starts Feb. 12. The backlog for paper returns is large and likely to grow, so anyone. The IRS received roughly 16 million paper individual returns last year and as of Dec. 25 had a backlog of 6.9 million unprocessed individual returns.
  • Jan 15, 2021
Although the CDC advises people to wear masks, they generally aren’t eligible for purchase with FSA or HSA funds.
  • Jan 12, 2021
The 2021 tax season is shaping up to be a confusing one, with an overwhelmed IRS trying to handle 2020 federal returns and stimulus payments.
  • Jan 8, 2021
Many college students have lost jobs because of the pandemic. Disappointment abounded when they realized that, because their parents claimed them as dependents, they couldn't get much-needed stimulus funds. Well, that could change with the new tax season.
  • Jan 6, 2021
Lessons that retirement investors had to re-learn in 2020.
  • Dec 29, 2020
A massive relief bill includes a second stimulus payment of up to $600 for individuals and $1,200 for couples filing jointly. Payments should be issued soon, but many people may not see any money until the middle of January or after filing their 2020 tax return next year.
  • Dec 22, 2020
Here's what I learned when I wrote about systemic racism in America in 2020.
  • Dec 18, 2020
The FTC and state agencies are cracking down on employment, multilevel marketing, work-at-home and investment scams costing consumers at least $150 million.
  • Dec 15, 2020