MORE than 91million Americans have filed with tax day down to the wire.
As the IRS continues to process refunds, it has busted seven common tax myths circulating among taxpayers on social media.
The myths come to life every tax season and could lead last-minute filers astray.
That would be a shame.
Tax filers are pocketing $3,226 on average this tax season.
This is roughly $300 more than the average reported last year.
The following myths are appearing across Facebook, Youtube, and Twitter.
Here is why the IRS says these ideas are wrong, as well as what experts say you can do about it.
1. Calling or visiting the IRS office will speed up a refund
Many people believe talking with an IRS employee can speed up their refund.
This is wrong.
Folks at IRS Taxpayer Assistance Centers are there to answer common questions.
They are not involved in processing refunds.
The IRS says the number one way to track your refund is through the Where’s My Refund? tool at IRS.gov.
2. Taxpayers need to wait for their 2020 return to be processed before filing their 2021 return
The reality is taxpayers do not need to wait.
But there is one tip for avoiding delays.
Erin Collins, a national taxpayer advocate, told the House Ways and Means Oversight Subcommittee: “If last year’s return is unprocessed, you’ll need to enter $0 for your 2020 AGI when filing online.”
