As the April tax-filing deadline approaches, the Internal Revenue Service understands that taxpayers are anxious to get details about their tax refunds. This has led to a number of common myths about refunds that often circulate on social media. Below are five common myths about tax refunds:
Myth 1: Calling the IRS or a tax professional will provide a better refund date
Myth 2: Ordering a tax transcript is a ‘secret way’ to get a refund date
Myth 3: ‘Where’s My Refund?’ must be wrong because there’s no deposit date yet
Myth 4: ‘Where’s My Refund?’ must be wrong because a refund amount Is less than expected
Myth 5: Getting a refund this year means there’s no need to adjust withholding for 2019
For an more in depth analysis of each myth, got to
https://www.irs.gov/newsroom/tax-deadline-approaches-irs-dispels-five-myths-about-tax-refunds
If you have questions, or need help in filling your tax return, please call us at (512)244-1516
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