Daily Money - A New Scam-Prevention Tool

Elizabeth O'Brien is a senior writer at Money

Imagine going to file your taxes and discovering that someone has beaten you to it. If fraudsters steal your Social Security number and file a tax return in your name, then the IRS will reject your legitimate return as a duplicate. The standard advice to avoid this type of crime is to file your return as early as possible. But what if that’s not feasible? Case in point: my husband and I always file late in the season, since his freelance paperwork is often delayed. Happily, for the first time the IRS is allowing all taxpayers to establish Identity Protection PINs, codes that can be used to verify your identity before you file. Previously, this extra protection had been available only to victims of identity theft. Learn more about the tool in today’s edition.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

A New IRS Tool Lets You Protect Your Tax Refund — and Your Identity — From Scammers

It’s like two-factor authentication for your taxes.

The Best Sewing Machines for Your Money

Whether you prefer a mechanical or computerized model, there's something for everyone.

Homebuyers Are Finally Learning How Much Realtors Make in Commissions

A lawsuit has led to new transparency.

RETIRE WITH MONEY COMMUNITY INSIGHTS

An eagle-eyed reader noticed a typo in an outside story featured in Friday’s newsletter. It said that the SECURE Act had raised the age for required minimum distributions to 72 ½ from 70 ½, when in fact the age was raised to 72. (The story had the correct age elsewhere in the piece.) I apologize for any confusion.

Stay tuned for another featured Reader of the Week in this Friday’s edition. And I’m still looking for volunteers, so please let me know if you’re interested in being featured (or want to learn more)!

RETIREMENT NEWS FROM AROUND THE WEB

IRS Announces Tax Relief for Texas Storm Victims

Individuals and households affected by severe winter storms that live or have a business in Texas have until June 15 to file their taxes, the IRS announced Monday. IRS

Homebound Patients Still Wait for Coronavirus Vaccine Despite Seniors’ Priority

If approved, newer vaccines will travel easier than the existing Moderna and Pfizer vaccines, an expert says. KAISER HEALTH NEWS

How to Make This Winter a Little Better

Psychologists share tactics to help stave off the blues. VOX

10 Steps Every Woman Should Take to Protect Her Heart

Heart disease often goes undetected in women. NEXT AVENUE

Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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Daily Money - A New Scam-Prevention Tool

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