Tax Season Is Here: How to Protect Yourself and Get the Most from Your Return

Tax season can be stressful enough without worrying about scams, identity theft, or costly mistakes. Unfortunately, fraudsters know this and they often target people during tax time. As your trusted financial institution, we want to help you stay informed, protected, and confident while filing your taxes.

Below are some key tax season tips and common scams to watch out for, so you can focus on what really matters.

Watch Out for These Common Tax Scams

Scammers often pretend to be legitimate organizations to trick people into sharing personal or financial information. Be especially cautious of:

1. Fake IRS Messages
The IRS will never contact you via text, email, or social media asking for personal information or payment. If you receive a message claiming to be from the IRS, it’s likely a scam.

2. “Urgent” Payment Requests
Scammers may threaten arrest, lawsuits, or wage garnishment if you don’t pay immediately. These pressure tactics are a major red flag.

3. Tax Preparer Fraud
Be cautious of preparers who:

  • Promise unusually large refunds
  • Charge fees based on refund size
  • Refuse to sign your return

Always choose a reputable, credentialed tax professional or use trusted tax software.

4. Identity Theft Refund Fraud
If someone files a tax return using your stolen Social Security number, they may receive your refund before you do. Filing early can help reduce this risk.

Helpful Tips for a Safer, Smoother Tax Season

✔ File Early – Filing as soon as you have your documents helps protect against identity theft.
✔ Use Strong Passwords – Especially for tax software, email, and financial accounts.
✔ Double-Check Links & Senders – Don’t click links or download attachments from unknown or suspicious sources.
✔ Keep Your Documents Secure – Store tax records and personal information in a safe place, both physically and digitally.
✔ Monitor Your Accounts – Regularly review your bank and credit card statements for unusual activity.

What to Do If You Think You’ve Been Targeted

If you believe you’ve received a scam message, or your information may be compromised:

  • Do not respond or click any links
  • Report the scam to the IRS and appropriate authorities
  • Contact your credit union immediately so we can help protect your accounts

We’re Here to Help

At High Point FCU, your financial well-being is our priority, especially during high-risk times like tax season. If you have questions, notice suspicious activity, or want tips on managing your refund wisely, our team is always here for you.

Have questions? Reach out or stop by any of our branches, we’re happy to help.

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