A Credit Karma survey found that somewhere around 37% of tax-paying Americans rely on their refund to get by. Among millennials, that number rises to 50%. A few thousand dollars can make a significant difference for most Americans, especially when a large number of us can’t even afford a $500 emergency. That said, scammers take advantage of the fact that there are so many people waiting for their refunds. A “refund trick” has started circulating where scammers claim they can get you a bigger refund by using a “hack.” What happens is they steal all of your information, and potentially your original refund amount too. Here’s what you need to know about this IRS scam alert and what you can do to protect yourself.
