For those looking to get out of credit card debt, see if a balance transfer is right for you. It’s just a myth that it will boost your credit score. Even though it lowered my perfect 850 credit score and my column about it sparked some serious debate with readers, it was one of the best financial decisions I’ve made.Ĭredit card debt: If you’re in the habit of carrying credit card debt, stop. My mortgage payoff story: My husband and I paid off the house in the spring of 2023 thanks to making extra payments and taking advantage of a mortgage recast. If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-85). The best of Michelle Singletary on personal finance To find out if you qualify for the later date, go to irs.gov and search for “Tax Relief in Disaster Situations.”ī.O.M. Some Tennessee, Mississippi, New York, and Arkansas residents have extended filing deadlines too, due to severe weather. 16 to file their individual and business tax returns and pay what they owe. Victims of severe storms in most of California, and parts of Alabama and Georgia, have until Oct. If you live in an area hit hard by storms last year, you’ll have more time to file and pay. If an amended return shows you owe, pay the IRS by April 18 to avoid interest or a penalty. Previously, taxpayers had to wait for a paper check for any refund. If you are due a refund, beginning this year, direct deposit can be requested for electronically filed amended returns for tax years 20.“If refunds were claimed on both, that could mean a substantial delay for both refunds.” “That’s because having both an original return and an amended return in the system for the same year at the same time will usually delay the processing of both returns,” Smith said. If you catch your own error, wait until after the original return is processed to file the amended return.
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