Data says a majority of young people get financial and tax advice from social media, but experts warn that we can't trust all of it. MORE ⬇️
Tax season is here, and deadlines are quickly approaching, but experts have warned taxpayers to be careful with tax advice online.
The study also found that nearly 80% have found that the prevalence of financial advice on social media has made the topic easier to discuss. The IRS and other experts warn that while there is accurate information that can be found on social media, if it seems too good, beware. The attraction of social media for advice is that it's readily available and searchable from the devices that we use every day. Despite the allure of quick and seemingly trustworthy advice, the IRS said it has seen multiple examples this year of misleadinginformation about the U.S. tax code and how tax filers should submit tax forms.
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