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The Guardian - US
The Guardian - US
Business
Alaina Demopoulos

Four big tax myths flying around on TikTok: ‘Anyone who follows this is in for a world of hurt’

woman holds forehead while looking at papers and tablet computer
‘The US tax code has been called one of the most complicated tax codes in the world.’ Photograph: Rockaa/Getty Images

You can find anything on TikTok from book reviews to sex education classes. So it’s unsurprising that some people hit up the app for tax advice. Just try not to be one of those people yourself.

The Washington Post reported this week that “bad tax advice is multiplying on TikTok”, with accountants-slash-influencers (or sketchy “financial experts” who boast absolutely no credentials) supposedly revealing the one per cent’s secret money-saving schemes.

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