Friday’s need-to-know money news

Today’s top story: The IRS’ new tax-filing deadline is July 15th. Also in the news: Tax traps that side hustlers should avoid, what not to do when spring cleaning your finances, and what you need to know about the Families First Coronavirus Response Act.

The IRS’ New Tax-Filing Deadline Is July 15. Here’s What to Know Now
You have an extra three months.

Tax Traps That Side Hustlers Should Avoid
Don’t get caught with a big tax bill.

What Not to Do When Spring Cleaning Your Finances
Don’t be too drastic.

What You Need to Know About the Families First Coronavirus Response Act
Find out how you benefit.

Tax traps that side hustlers should avoid

Millions of Americans earn extra money outside their regular jobs — as ride-hailing drivers, Airbnb hosts, eBay sellers and freelancers of all kinds. Their side hustle income may help make ends meet, but it also can create tax traps.

Side gigs usually count as self-employment, which triggers different rules, additional tax forms and plenty of confusion for people accustomed to filing as employees, tax experts say.

In my latest for the Associated Press, find out how to avoid surprises when it comes to tax time.

Tuesday’s need-to-know money news


Today’s top story: The one form that could be the root of all your tax woes. Also in the news: Income-driven student loan repayments, 4 credit score horror stories that could happen to anyone, and understanding the difference between a hobby and a side hustle.

This One Form Could Be the Root of All Your Tax Woes
The innocent looking W-4.

Income-Driven Repayment: Is It Right for You?
What to do when you can’t afford your student loan payments.

4 credit score horror stories that could happen to anyone
Tiny mistakes that could trash your credit.

Before You Do Your Taxes, Understand the Difference Between a Hobby and a Side Hustle
When your hobby becomes a job.