Tax Day is coming and so are the scammers. They'll be calling, texting, emailing... so here are five common tax scams you should be on the lookout for:
1. Phone scams: The IRS will NEVER call or text you and ask for cash or bank and credit card info! So, if you're contacted, don't give out ANY information about yourself. Just cuss at them and hang up.
2. Email phishing: Emails trying to get you to click on a link and give up personal information like your name, Social Security number, or bank account numbers.
3. Fake charities. To verify whether they're a legit charity, ask for the group's Employer Identification Number and enter it into the IRS website. (Link below)
4. Identity theft. Scammers that get a hold of your Social Security number or Individual Taxpayer Identification Number can file a return in your name and claim your refund before you do!
5. Padding your deductions. Some tax preparers may encourage you to overstate your deductions, like how much you donated to charity, in order to reduce what you owe or get a larger refund. This one will get you audited quick.