An I bond is now at 4.28 percent. Are they still a good deal?
The new fixed rate is 1.30 percent, the highest level since 2007.
By Michelle SingletaryUse these 6 points to say no to a college you and your kid can’t afford
Any smart decision starts with leaving emotion out of it, especially when finances are involved.
By Michelle SingletaryHow this new rule protects retirement savers from costly advice
The Labor Department has moved to ensure more financial professionals are obligated to act in the best interest of clients.
By Michelle SingletaryBorrowers, don’t miss this important student loan forgiveness deadline
Some people carrying education debt may qualify for credit or forgiveness of their loan through a Department of Education initiative. Here’s what you need to know.
By Michelle SingletaryKeep these 10 financial documents forever. Scan and shred the rest.
Always hold onto birth certificates and Social Security cards, but it’s okay to cast off those old bank statements.
By Michelle SingletarySpring-clean your financial life with these 7 tips
It’s a great time to purge paper and passwords, close old accounts, and rethink your hefty tax refunds.
By Michelle SingletaryIRS Commissioner Werfel talks about Direct File, audits and IRS budget
The agency’s leader says it has identified the problems with its algorithm that have led to a racial disparity in audits of Black taxpayers.
By Michelle SingletaryAre you ready to buy a house? Take our quiz and find out.
Owning a house is how many Americans accumulate wealth, but affording one is a growing challenge. Should you buy a home right now? Take this quiz.
By Rachel Lerman, Michelle Singletary and Allison MannEven if you owe taxes and can’t pay, file a tax return. Or you’ll owe more.
In fiscal 2022, the IRS assessed nearly $23.8 billion in additional taxes for returns not filed on time. Even if you cannot pay all of what you owe, at least file your return.
By Michelle SingletaryA ghostbuster, toys, and other weird tax deductions people try to claim
Sometimes beer is a write-off, though the treats you keep for your personal pet at the office are not.
By Michelle SingletaryTax time is prime time for scammers and scheming tax preparers
To thwart government imposters, the IRS is working on a system that would allow taxpayers to check if the agency is trying to contact them.
By Michelle SingletaryNobel laureate Daniel Kahneman taught us that money isn’t always about math
A pioneer of behavioral economics, he upended the idea that financial decisions are governed by logic. Here are six ways his insights can lead to better choices.
By Michelle SingletaryWhether it’s Mama’s money, Powerball or Mega Millions, here’s how to manage a windfall
Massive jackpots this week for Powerball and Mega Millions sent people rushing to buy a ticket for a chance at a lifetime of financial security.
By Michelle SingletaryIRS has $1 billion in 2020 tax refunds. Time is running out to collect.
The window to claim a refund owed you for the 2020 tax year closes on May 17.
By Michelle SingletaryHow to take the home office deduction without triggering an audit
With less than a month before the IRS tax filing deadline, readers pose their questions about credits, deductions and more.
By Michelle SingletaryYes, your March Madness winnings are taxable
Americans will legally wager an estimated $2.72 billion on the men’s and women’s NCAA basketball tournaments; if you profit off your bracket, the IRS wants its cut.
By Michelle SingletaryMore car owners are underwater on loans because of lower trade-in values
1 in 5 trade-ins had negative equity. Many buyers have to roll the outstanding loan balance from their old ride into their new vehicle, new data show.
By Michelle SingletaryFriends don’t charge friends for dinner parties
Some etiquette rules never change. So, yes, it's rude to charge guests for their supper.
By Michelle SingletaryTax chat: How do I know if my spouse and I should file joint returns?
The tax filing deadline is April 15. Michelle Singletary and and a Betterment tax expert answered your questions on Monday, Mar. 11, at 2 p.m. eastern.
By Michelle SingletaryFive ways to trigger an IRS audit or notice
Though most tax returns are accepted as filed, bad math and certain patterns can prompt a deeper look.
By Michelle Singletary