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Monday, 4 May 2026

A potential tax shock for widows and widowers

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Also: Want to work in retirement? Good luck. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon May 4 2026

 

Daniel de Visé Personal Finance Reporter

Good morning! It’s Daniel de Visé with your Daily Money.

Grieving a lost spouse is hard enough, Medora Lee reports. But you may feel another shock when tax time comes around.

Planning to work in retirement? Good luck with that.

Most Americans want to keep working in retirement. But few retirees actually work. 

That finding, from a new survey, illustrates a perennial gap between expectations and reality for American retirees.  

Rent now, pay later?

Want to split the rent?

As rental costs spiral, Andrea Riquier reports, a growing number of companies are offering services that allow the monthly charge to be split. But make sure you read the fine print.

📰 More stories you shouldn't miss 📰

3 dead in suspected virus outbreak on cruise ship
5 ports cruise passengers tend to skip
Here are some deals for Teacher Appreciation Week
BJ's Wholesale Club makes cheaper gas more accessible
How divorce affects Social Security benefits

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

Jane Smith Wolcott, widow of space shuttle Challenger pilot Michael Smith, places a flower iedyr during NASA’s Day of Remembrance at Kennedy Space Center Visitor Complex January 22, 2026. Today’s Craig Bailey/FLORIDA TODAY via USA TODAY NETWORK

Surviving spouses often face a 'widow's penalty' in taxes, leading to higher bills and lower deductions. Learn how to mitigate it.

Senior woman working in the flower nursery.
 

Is work part of your retirement plan? Good luck with that

Most Americans expect to keep working in retirement. Few retirees actually work.

How Esusu, a payments company, allows tenants to split their rent payments
 

Rent now, pay later: the least-bad option amid a housing crisis?

As rents and other housing costs surge and Americans' erratic paychecks can't keep up, some companies let tenants split the rent on credit.

This aerial picture shows a general view of the cruise ship MV Hondius stationary off the port of Praia, the capital of Cape Verde, on May 3, 2026.
 

3 dead after suspected hantavirus cases on cruise ship, WHO says

"Of the six affected individuals, three have died and one is currently in intensive care in South Africa," the World Health Organization said on X.

Royal Caribbean's Star of the Seas sailed into Port Canaveral.
 

Cruise ports frequent travelers skip, and why they stay onboard

Just because a cruise ship docks in a destination, doesn’t mean passengers have to get off there.

Julissa Garcia Milukhin, a lead Great Start Readiness Program teacher, leads children down a hallway during a class at the Early Impressions Vandercook Lake program inside Townsend Elementary School in Jackson, Michigan on April 21, 2026.
 

Teacher Appreciation Week 2026 deals, discounts for educators

During Teacher Appreciation Week, which is May 4-8, 2026, teachers can get food freebies and catering discounts.

BJ's Wholesale Club is now offering extended hours for all of its stores and gas station locations.
 

Drivers take note: BJ's makes it easier to get cheaper gas

A nationwide change at BJ’s Wholesale Club affects when shoppers can fill up and shop. The update could make late stops easier for members.

Two people with serious expressions sitting outside.
 

Divorce in retirement: Why Social Security could cut your check

Your marital status could have a major impact on your monthly payment.

Spirit Airlines planes are parked on the tarmac at the Fort Lauderdale-Hollywood International Airport on May 2, 2026 in Fort Lauderdale, Fla. Spirit Aviation Holdings Inc. announced today that it has canceled all upcoming flights and begun a wind-down of Spirit Airlines operations after failing to secure funding from the Trump administration.
 

Spirit Airlines ends operations, cancels all flights. See the scene at airports

Spirit Airlines announced on May 2 that it would shut down after years of hardships, leaving passengers to scramble as flights were cancelled.

USA TODAY
 

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