Latest from Michelle Singletary

Another urgent item for Biden’s to-do list: The looming Social Security funding crisis

The reserves of the trust fund that pays retirement and survivor benefits will be unable to pay full benefits in 2034.
  • Jan 22, 2021

Tax season kicks off Feb. 12. Here’s what to expect.

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

Don’t file a paper 2020 federal tax return if you don’t have to, IRS watchdog warns

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

You can use FSA and HSA funds to buy an eye mask, but not masks to protect against coronavirus

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 could get ugly. File early and electronically.

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

Here’s how college students could collect $1,800 in stimulus payments

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

Investing in 2020 was a scary, bumpy ride. Here’s what to expect in 2021.

Lessons that retirement investors had to re-learn in 2020.
  • Dec 29, 2020

Your next stimulus check may not be in the mail until Jan. 15

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

I’m a Black woman writing about money and race. Here’s what I see.

Here's what I learned when I wrote about systemic racism in America in 2020.
  • Dec 18, 2020