Susan Tompor, Detroit Free Press

Susan Tompor

Detroit Free Press

Detroit, MI, United States

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Recent articles by Susan:

Government grant scam looks like text from a friend — and victims are losing thousands

Is there a government grant to fix financial woes relating to COVID-19? Or student loans? Scammers impersonate friends, family to tell you about one. → Read More

Why high inflation will make I Bonds even more popular

Savers are likely to keep loving I Bonds through the rest of this year, given high inflation earlier. The best bet may be to buy before late October. → Read More

Fed hikes interest rates again — but high prices, inflation not likely to budge

Consumers who have been borrowing on credit cards to cover higher prices will face more of a squeeze after the Fed's fourth rate hike in five months. → Read More

Scammer told Michigan woman to send $4,800 to claim fake Publishers Clearing House prize

Publishers Clearing House surprises winners with a big check. But scammers hide behind the big name and ask for cash upfront to cover fees or taxes. → Read More

Gas prices fall to $4 range, but drivers see sharp differences

The next few weeks are expected to be critical for gas prices, as recession fears weigh on crude oil prices. Gas is below $5 a gallon in Michigan. → Read More

The 'best deal' for many is to buy your car when the lease ends

High used car prices create incredible opportunities for consumers with cars or trucks that are coming off lease in 2022. Many will use buyout option. → Read More

Amazon scams heat up along with shopping for Prime Day deals

Scammers often impersonate Amazon by promoting fake customer service phone numbers. Sometimes they pretend to help fix a problem with a TV or order. → Read More

Experts see signs of recession: What it could mean for Michigan

Whether the U.S. will fall into a recession is a tough call, even if some economists say there's a 50% shot it will happen sometime this year or next. → Read More

Michigan property tax bills are about to go up: Why homeowners will pay more

Michigan homeowners are seeing a hike in property taxes, based on inflation, this year. But a bigger hike appears to be in the cards for 2023, too. → Read More

Utility shut-off scam stole cash via Zelle, triggering bank's odd response

Nearly 18 million people have been hit by "widespread fraud" on money transfer apps. One woman's bank gave an odd response when she asked for help. → Read More

Automated IRS tax letter could be error: What to know if you got CP14 notice by mistake

Many taxpayers owe money when they receive a CP14 Notice because they underpaid. But the IRS backlog means some notices are being sent in error, too. → Read More

Donating 'portion of the proceeds' to a charity? Take a step back, expert says

University of Michigan study spots inconsistent practices as companies engage in "cause marketing." Telling how much good you're doing isn't easy. → Read More

Tax refunds delayed by 6 months or more for some paper filers: Here's why

The IRS had a backlog of 21.3 million unprocessed paper tax returns by the end of May, an increase of 1.3 million over the same time last year. → Read More

Kellogg's 3-part spinoff is part of Wall Street trend to 'unlock' fast growth brands

The plan to split the company into 3 — snacks, cereal and plant-based foods — would move one company's corporate headquarters from Battle Creek. → Read More

Detroit tax preparer's 'false return scheme' offers insight for taxpayers

A Detroit preparer admitted to causing a tax loss to the IRS of more than $815,000. What taxpayers need to know about bad preparers. → Read More

Fed issues steepest interest rate hike since 1994 in effort to battle inflation

Consumers will be dealing with higher borrowing costs and higher prices, as the Fed tries to combat persistent inflation by raising interest rates. → Read More

High inflation anxiety drives stocks into bear market territory

The Dow Jones Industrial Average tumbled by 876.05 points Monday, as fears of persistent inflation and recession risks rose. → Read More

IRS pushes standard mileage rate to 62.5 cents per mile for 6 months as gas prices soar

IRS takes an unusual step, one not taken in 10 years, to address higher gas prices. Will you see a boost in the mileage reimbursement? → Read More

Summer will be 'most expensive' ever as gas keeps climbing above $5 a gallon

A gallon of gas this summer is looking almost as pricey now as a tall mocha cookie crumble Frappuccino at Starbucks in metro Detroit. → Read More

What you need to know about confusing IRS notices and stimulus money

Many taxpayers wonder why the IRS is sending them letters relating to their tax refunds and the recovery rebate credit. Here's what you need to know. → Read More