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Author: Susan Tompor, Detroit Free Press

Money

Wait, it’s April 15: When are my income taxes due?

April 15, 2020Susan Tompor, Detroit Free PressComments Off on Wait, it’s April 15: When are my income taxes due?

Stay-home orders and job losses drove officials to push the April 15 income tax deadline into summer. What happens with estimated taxes? Old refunds?

Money

Your April 15 mortgage payment is officially late: Here’s what you can do

April 14, 2020Susan Tompor, Detroit Free PressComments Off on Your April 15 mortgage payment is officially late: Here’s what you can do

As coronavirus layoffs, furloughs strain borrowers, those seeking mortgage forbearance need to understand their options and repayment terms involved.

Money

It just got harder to get, refinance a mortgage: Who will face more difficulty

April 9, 2020Susan Tompor, Detroit Free PressComments Off on It just got harder to get, refinance a mortgage: Who will face more difficulty

A ‘refinancing bonanza’ continues as mortgage rates remain low but the economic shutdowns across most of the country mean some won’t qualify.

Money

Americans could start receiving stimulus checks starting on April 9

April 8, 2020Susan Tompor, Detroit Free PressComments Off on Americans could start receiving stimulus checks starting on April 9

Stimulus checks to arrive by April 15 for millions of taxpayers. A new portal where some can supply direct deposit information could be out next week.

Money

Coronavirus stimulus check scams are out to swindle you out of $1,200: What you need to know

March 28, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus stimulus check scams are out to swindle you out of $1,200: What you need to know

FBI, states warn Americans that phone calls, texts or emails asking for personal or financial information to get $1,200 federal payment are not legit.

Money

Coronavirus scare, lowered interest rates could be chance to refinance your home

March 7, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus scare, lowered interest rates could be chance to refinance your home

Mortgage rates fell dramatically on the ongoing coronavirus scare, giving homeowners more room to refinance their mortgages.

Money

Upset you owe too much in taxes? Here’s how to fix that

March 3, 2020Susan Tompor, Detroit Free PressComments Off on Upset you owe too much in taxes? Here’s how to fix that

The W-4 form enables employers to withhold the correct federal income tax from paychecks. A new form can reflect multiple jobs and other factors.

Money

You might have to prove your identity to get Michigan tax refund

February 17, 2020February 17, 2020Susan Tompor, Detroit Free PressComments Off on You might have to prove your identity to get Michigan tax refund

Tax filers can expect to answer quizzes or prove their identity as the IRS and state governments try to crack down on ID theft-related tax fraud.

Money

Nervous about the size of your tax refund? You’re not alone

February 6, 2020Susan Tompor, Detroit Free PressComments Off on Nervous about the size of your tax refund? You’re not alone

Big tax refunds give many consumers a way to feel flush when they don’t typically have a lot of slack in their budgets.

Money

Coronavirus, impeachment stoke Wall Street paranoia

January 28, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus, impeachment stoke Wall Street paranoia

Michigan is a battleground state for the Trump reelection bid — and automakers are watching the coronavirus, as uncertainty drags down stock prices.

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