Tax Myths

Tax Myth: Children are Automatically Dependent
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Children are Automatically Dependents --FALSEHaving dependents on your tax return is one of the best...
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Tax Myth: If you don’t work, you don’t have to file tax returns
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If you don’t work, you don’t have to file --FALSE Failing to file your taxes...
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students taxes
Tax Myth: Students don’t have to pay taxes
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Students don't have to pay taxes-- FALSECompleting college isn’t an easy feat. It’s expensive, stressful...
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Tax Myth: Retirement is Tax-Free
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Retirement is Tax-Free -- FLASEShort answer: retirement is not tax-free. Long answer: retirement can be...
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low income
Tax Myth: Low-income filers can’t be audited
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Low-income filers can’t be audited-- FALSEBeing in the low-income bracket is hard enough, so it...
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married couples
Tax Myth: Married Couples Must File Jointly
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Married Couples Must File Jointly - False!There is no law in place that prohibits married...
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tax extension
Tax Myth: A Tax Extension Delays Payments
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Tax Extensions Delay Payments -- False! Tax extensions are a handy tool that helps taxpayers...
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social security
Tax Myth: Social Security is Tax-Free
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SS is Tax-Free - FALSESocial Security is a hot button issue that is sure to...
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tax lien
Tax Myth: Tax Liens Affect Your Credit
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Tax Liens Affect Your Credit -- FALSEA common misconception is that a tax lien negatively...
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