Tax Credit Warning: The Truth About Self Employment Tax Credits


Learn about the IRS warning on the fake federal “Self Employment Tax Credit”, Form 7202, and how to avoid falling for tax scams. Discover the real credits available and tips to ensure accurate tax filing.

In today’s tax refund update, you’ll learn about the 2024 IRS’s warning on misleading claims regarding a non-existent “Self Employment Tax Credit” and the real tax credits available for self-employed individuals, such as Sick Leave and Family Leave credits. Discover how to avoid falling for tax scams, why consulting a trusted tax professional is crucial, and the importance of verifying tax information from reliable sources. The discussion also highlights other common tax scams and provides essential tips to ensure you are filing accurate tax claims. This is perfect for anyone looking to protect their finances and stay informed about current IRS updates and tax credits.

Tax Credit Warning: The Truth About Self Employment Tax Credits

Lesson Resource


Money Instructor does not provide tax, legal, or investment advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or investment advice. You should consult your own tax, legal, and investment advisors regarding your own financial situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing. Please note, the context of financial investments can be complex and dynamic, necessitating professional advice tailored to your unique circumstances.

Categories Taxes

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