4 Tax Hacks That Won't Pay Off

While there are some cases where viral money hacks can be helpful to consumers, hacking your way through your tax return is generally not recommended. Avoid these popular tax hacks when filing your return.

Personal Expenses Count as Write-Offs

Personal items that are not deemed ordinary and necessary should not be counted among those write-offs.

Claiming False Dependents

Don't claim children who don't live with you or aren't your dependents.

A Car Weighing Over 6,000 Pounds May Be a Write-Off in the 1st Year of Ownership

This is somewhat true, but there are specific limits from the IRS that you will want to learn more about.

Not Claiming Some of Your Income

If you did contract work and didn't receive a 1099, you still have to claim the income.