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Tax refunds are often a financial boost for Americans, but they’ve increasingly become the target of scammers who can use your identity to recover whatever money is owed by Uncle Sam.
Roughly 1.2 million taxpayers faced incredibly long waits last year for their tax refund cash after getting hit by tax-related ID theft, report says. ... IDs and get tax refunds. More: TurboTax ...
“Scam artists constantly prey on people’s hopes and try to use the complexity of the tax system to convince people there are secret ways to get a big refund.
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Tax refund checks do get stolen in the mail, and opting for direct deposit can avoid that risk. The IRS data indicates that nearly 10 million paper refund checks went out in 2024 — or 9.4% of ...
The same goes for phone calls. "Phone calls demanding money are another common tech-enabled tax scam," Ramzan told Yahoo Finance. "Scammers use bots and robocallers to send thousands of calls at ...
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Chase Bank and U.S. Bank don’t allow you to cancel domestic same-day wires, but give until 11:59 p.m. on the day before the wire is scheduled to go through on future-dated wires.