5 reasons to report your fantasy football and gig income to the IRS
In the long run, it can benefit you to report gig and gambling income to the IRS. And it’s not just about avoiding an audit or jail time.By Michelle Singletary
Here’s what to do if a payment app reports your cash gifts to the IRS
Year-end tax tip: Keep good records if you're using payment platforms. Some payments may be incorrectly reported to the IRS as taxable income.By Michelle Singletary
The scammers are coming for you. Here’s how to protect yourself.
Here are some tips that will help you stay safe while online shopping.By Michelle Singletary
How to manage gift-giving expectations while in debt
Tips on dealing with the pressure of buying gifts when you're deep in credit card debt.By Michelle Singletary
Musk, FTX founder Bankman-Fried lead 2022 flock of business turkeys
The new boss of Twitter and the former boss of FTX stand out as examples of what not to do as corporate leaders.By Allan Sloan
Yesterday’s big market winners turn into today’s big losers
Seven formerly high-flying stocks have become such dogs that you can almost hear them howling.By Allan Sloan
Here’s how midterm elections impact your stock portfolio
Control of Congress may be in limbo, but don’t let post-election panic drive your investing decisions.By Michelle Singletary
A quarter of children being raised by grandparents face hunger
A report by Generations United finds 25 percent of grandparents raising grandchildren experienced food insecurity between 2019 and 2020, twice the national rate.By Michelle Singletary
Inflation-proof I bond rate sank to 6.89%, but so what? It’s still a deal.
There’s been unprecedented demand for the Series I savings bond, which just had its rate reset from 9.62 percent.By Michelle Singletary
Rush on I bonds paying 9.62% is crashing TreasuryDirect website
Savers are scrambling to snap up the inflation-protected bonds ahead of Friday’s deadline,By Michelle Singletary
Most Americans believe the American Dream’s out of reach for their kids
A new Gallup poll finds Americans are pessimistic the next generation will have a better standard of living than their parents.By Michelle Singletary
You can contribute much more to your 401(k) next year. Thank inflation.
A surge in inflation is helping retirement savers. In 2023, the amount individuals can contribute to their 401(k) plan is getting bumped up to $22,500.By Michelle Singletary
Car buying? Beware of hidden loan markups, especially if Black or Latino.
A $3.38 million FTC settlement exposes a business practice of marking up auto loans that, when applied unevenly, can be discriminatory.By Michelle Singletary
Yes, that letter from the IRS is real. You could be owed $1,400.
The IRS is sending letters to more than 9 million households that may be eligible to claim the last stimulus payment, up to $1,400.By Michelle Singletary
Get inflation-proof bonds paying 9.62 percent while there is still time
Series I savings bonds are a safe bet if a recession hits but time is running out on this rate.By Michelle Singletary
With rising rates and rising debt, the taxpayer bill is finally coming due
The U.S. government’s interest payments on its debt could near $570 billion this year, a 45% jump.By Allan Sloan
A deadline is looming for Public Service Loan Forgiveness waiver
The waiver is to receive credit for payments that did not qualify for the program before.By Michelle Singletary
Kim Kardashian’s $1.26 million SEC fine is pocket change for the star
The SEC charged Kim Kardashian with failing to disclose that she was paid $250,000 to promote a cryptocurrency. But the punishment wasn't harsh enough.By Michelle Singletary