Federal Tax

Tax Refund Myths

Year after year, the tax myths keep coming, causing the IRS to combat misinformation. Many tax myths relate to refunds. The most common myth is that receiving a refund on your 2020 return means you don’t need to adjust your 2021 withholding. That’s not always true. Fortunately, the IRS.gov website provides an easy-to-use estimating tool. Another popular myth suggests there are secret ways to find out when you’ll get your tax refund. The best way, according to the IRS, is to use the “Where’s My Refund?” tool. It’s updated daily. You can find these tools and more about tax myths here. For questions, contact the Cg Team. © 2021