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Author: Susan Tompor, Detroit Free Press

Money

IRS issues deadline for direct deposit info for coronavirus stimulus payments

May 11, 2020Susan Tompor, Detroit Free PressComments Off on IRS issues deadline for direct deposit info for coronavirus stimulus payments

The IRS wants people to take action by noon Wednesday if they want a shot at receiving coronavirus stimulus cash more quickly via direct deposit.

Money

Stimulus money to come later than projected for millions of Americans

May 7, 2020May 8, 2020Susan Tompor, Detroit Free PressComments Off on Stimulus money to come later than projected for millions of Americans

What happened to my stimulus money? Many who receive government benefits and others continue to wonder in early May.

News

What’s to lose on a 0% car loan? Or 120 days of no payments? Plenty

May 6, 2020May 6, 2020Susan Tompor, Detroit Free PressComments Off on What’s to lose on a 0% car loan? Or 120 days of no payments? Plenty

Automakers know that financial incentives must outrun the nagging feeling in the customer’s mind that somehow something else could go wrong here.

Money

Where’s my stimulus payment? Here’s a look at why some checks haven’t arrived

May 4, 2020May 5, 2020Susan Tompor, Detroit Free PressComments Off on Where’s my stimulus payment? Here’s a look at why some checks haven’t arrived

Economic Impact Payments arrived for most taxpayers but millions wonder when their cash will arrive. Direct deposit and mailing of checks continues.

Money

How to break into your retirement piggy bank in the coronavirus crisis

April 26, 2020April 26, 2020Susan Tompor, Detroit Free PressComments Off on How to break into your retirement piggy bank in the coronavirus crisis

The coronavirus relief act gives workers of any age a way to dip into retirement savings for emergencies. And retirees can drag out their withdrawals.

Money

IRS ‘Get My Payment’ tool will get critical update

April 24, 2020April 26, 2020Susan Tompor, Detroit Free PressComments Off on IRS ‘Get My Payment’ tool will get critical update

The IRS will initiate “planned outages” Friday and Saturday for its “Get My Payment” tool at IRS.gov.

Money

People struggling to pay bills during coronavirus crisis could get hit again starting in June

April 24, 2020April 24, 2020Susan Tompor, Detroit Free PressComments Off on People struggling to pay bills during coronavirus crisis could get hit again starting in June

Job losses, pay cuts, extra bills to stockpile groceries all cut into a family’s ability to pay the rent, the car loan and juggle other bills.

Money

Here’s why you’re not able to track your stimulus money

April 21, 2020Susan Tompor, Detroit Free PressComments Off on Here’s why you’re not able to track your stimulus money

Economic Impact Payments hit millions of accounts on or before April 15. But others report headaches in trying to track their cash.

Money

Coronavirus cash payouts will go to some seniors and others this week

April 21, 2020April 22, 2020Susan Tompor, Detroit Free PressComments Off on Coronavirus cash payouts will go to some seniors and others this week

The coronavirus payout timeline has some seniors and others getting money the week of April 20 and later. Many who didn’t get cash yet continue to worry.

Money

Poor and homeless in Michigan at risk of missing out on stimulus

April 18, 2020Susan Tompor, Detroit Free PressComments Off on Poor and homeless in Michigan at risk of missing out on stimulus

Poor and homeless households may need more to take more steps to get stimulus cash, according to Poverty Solutions at the University of Michignan.

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