IRS: Don't Trust All Social Media Tax Tips
Following certain social media tax advice can get you into legal trouble.


Social media tax advice can be misleading and lead to fraud. That’s the crux of a new IRS tax warning about the dangers of following certain financial advice on social media. This latest warning is part of the agency’s “Dirty Dozen” tax scams campaign, and comes as recent data show that 80% of young adults, including Gen Z, get most of their financial advice from platforms like YouTube, Reddit, and TikTok.
New IRS Commissioner Danny Werfel acknowledged in a statement that there are a lot of ways to get good tax information, but added, “people should be incredibly wary about following advice being shared on social media.”
Tax Advice on Social Media
Accounts promising things like "secret" ways to fill out a form to get a larger tax refund for example, can be found using hashtags that are popular during tax filing season like #taxes and #taxtips. Commissioner Werfel says that many of these social media tax claims are inaccurate and sometimes fraudulent, which can get honest taxpayers into trouble with the IRS.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Some recent examples of bad tax advice circulating on social media involve hardship waiver forms and W-2 fraud. Kiplinger has reported on the W-2 tax scam on social media, which encourages people to fill out Form W-2 with false information. The idea is that you include fake information, including a large amount of withholding and income, to eventually file a fake W-2 to try and get a big tax refund from the IRS.
The IRS says that it is actively watching for false W-2s, as are many states and some tax industry partners.
What is Form 8944?
Other social media accounts tell people to fill out IRS Form 8944, which is an e-file request for a hardship waiver. Some people on social media say that you can use this form to get a tax refund from the IRS even if you aren't due a refund. Unfortunately, that claim is false.
Form 8944 is actually used by some tax preparers so that they can file certain tax returns electronically rather than on paper. Ordinary taxpayers cannot use Form 8944 as a secret way to get a larger refund or a refund that they aren’t entitled to. The IRS warns that using Form 8944 in a fraudulent way can lead to civil and/or criminal penalties.
Gen Z and Young Adults: Social Media Financial Advice
Not all financial or tax advice on social media is misleading or fraudulent, which can be challenging for the millions of young adults who get most of their financial information from social media platforms.
According to a recent study, nearly 80% of people surveyed who consider themselves to be Gen Z or millennial, get financial advice from social media. Some key findings of the study were that:
- 62% of respondents were empowered by social media access to finance-related information,
- YouTube and Reddit were among the most trusted platforms for social media financial advice,
- TikTok was also a popular source of finance advice and information, and
- only 31% of respondents said that they check the qualifications of the people who are posting the social media advice.
There are social media accounts that provide accurate information about how to legitimately use the tax code to your advantage. But the IRS says that if something seems too good to be true with social media tax advice, it probably is. If you're unsure, you can verify tax information that is circulating on social media platforms by checking the IRS’ social media accounts.
And, if you’re looking for good ways to reduce your taxable income and lower your tax burden, check out some often overlooked tax deductions, credits and exemptions.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.
-
Two Don'ts and Four Dos During Trump's Trade War
The financial rules have changed now that tariffs have disrupted the markets and created economic uncertainty. What can you do? (And what shouldn't you do?)
By Maggie Kulyk, CRPC®, CSRIC™
-
I'm Single, With No Kids: Why Do I Need an Estate Plan?
Unless you have a plan in place, guess who might be making all the decisions about your prized possessions, or even your health care: a court.
By Cynthia Pruemm, Investment Adviser Representative
-
Which Generation Pays the Most Tax in the US?
Tax Burden Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?
By Kelley R. Taylor
-
Tax Day 2025: Don’t Miss These Freebies, Food Deals and Discounts
Tax Day You can score some sweet deals on April 15 in some select restaurants like Burger King, Shake Shack, and more.
By Gabriella Cruz-Martínez
-
Tax Time: Does Your Kid Influencer Owe Taxes?
State Tax Some minors are making big money on social media. Here’s how to know if they need to file taxes.
By Gabriella Cruz-Martínez
-
Trump Plans to Terminate IRS Direct File program
Tax Filing The IRS Direct File program was piloted last year in 12 states and has since expanded to 25. But will it last under the Trump administration?
By Gabriella Cruz-Martínez
-
How Caregivers for Adults Can Save on Taxes in 2025
Tax Breaks Caring for your parent or spouse can be stressful, but the IRS offers tax breaks for qualifying taxpayers. Here they are.
By Kate Schubel
-
U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security
Treasury President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall.
By Gabriella Cruz-Martínez
-
IRS Layoffs Spark Delays, Doubt This Tax Season
Tax Season Tax experts say Trump’s downsizing of the IRS is already causing problems.
By Gabriella Cruz-Martínez
-
States with the Highest Income Tax Rates for Retirees
State Tax You may reconsider living and retiring in one of these states due to high taxes.
By Kate Schubel