Tax claims, checked against the law.
Things people say about taxes online, each given a verdict from a reviewed rule. General information only: your own facts decide whether a rule applies to you.
- “Tips are tax-free now.” · Half true
- “With no tax on tips, you don't have to report your tips anymore.” · Not VALID
- “Every tip counts for the tips deduction, in any job.” · Not VALID
- “The tips deduction is permanent.” · Not VALID
- “Overtime is tax-free now.” · Half true
- “All of your overtime pay can be deducted.” · Not VALID
- “The overtime deduction is permanent.” · Not VALID
- “People 65 and older get an extra deduction now.” · VALID
- “The senior deduction is the same no matter how much you make.” · Not VALID
- “Social Security benefits aren't taxed anymore.” · Not VALID
- “You can deduct the interest on any car loan now.” · Not VALID
- “Interest on a loan for a used car counts for the new car loan deduction.” · Not VALID
- “Leasing a car gets you the car loan interest deduction.” · Not VALID
- “Interest on a 2025 loan for a new, US-assembled car can be deductible.” · VALID
- “The limit on deducting state and local taxes went up in 2025.” · VALID
- “Everyone gets the higher state and local tax deduction.” · Not VALID
- “Put exempt on your W-4 and you won't owe any taxes.” · Not VALID
- “Claiming exempt stops Social Security and Medicare from coming out of your check.” · Not VALID
- “A tax refund is a bonus from the government.” · Not VALID
- “If tax came out of your pay, it comes back to you even if you don't file.” · Not VALID
- “Every tax credit can push you past zero tax.” · Not VALID
- “If you made very little, you never need to file a return.” · Half true
- “A tax extension gives you more time to pay.” · Not VALID
- “An extension gives you up to six more months to file.” · VALID
- “Individual tax returns are due April 15.” · VALID
- “If you can't pay, don't file. The penalty is the same either way.” · Not VALID
- “The IRS won't let you pay what you owe over time.” · Not VALID
- “Self-employed people only pay tax once a year, when they file.” · Not VALID
- “If you owe no income tax, you owe no self-employment tax either.” · Not VALID
Heard a different one? Paste it into Is that VALID?