Scams and plain bad advice have escalated on social media, including scams ranging from the Fuel Tax Credit to "pig-butchering" schemes that involve investments in fake crypto.
Crime drives some of the producers of misleading content on social media; others, believe it or not, merely want attention and clicks and don't care what happens to readers.
Widespread bunk also includes a "self-employment tax credit" supposedly worth up to $32,000 but simply preaches misuse of a Form 7202; filing a Schedule H based on phony sick and family medical leave wages; self-composed W-2s; and suggested deductions that equal the entire year's wages. Watch out for good advice in a disguise, and guard your savings as if it were a matter of life or death.
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