
Tax pros warn against following terrible tax tips circulating on TikTok
CBSN
As tax day approaches, TikTok creators are dolling out filing tips, including suggestions about what kinds of purchases to write off. But financial professionals caution against following advice proliferating on the social media platform that might be unsound.
Among the most visible, but flawed pieces of advice are claims that taxpayers can write off their pets as business expenses, or hire one's own kids for a tax refund.
The Internal Revenue Service has also cautioned taxpayers against interpreting dubious social media advice as legitimate, saying that following wrong advice could potentially lead to fines.

Veterans Affairs Department plans to cut thousands more jobs as part of Trump's cost-cutting efforts
Washington — The Department of Veterans Affairs plans to slash thousands of employees in the coming months as part of President Trump's initiative to scale back the size of the federal government, according to a memo from the agency's chief of staff.

During his Tuesday night address to Congress, President Trump acknowledged his barrage of tariffs might cause "a little disturbance." But with the stock market tumbling this week in reaction to his import duties, workers with 401(k) plans may wonder about how much that disturbance could affect their retirement savings.

During his Tuesday night address to Congress, President Trump acknowledged his barrage of tariffs might cause "a little disturbance." But with the stock market tumbling this week in reaction to his import duties, workers with 401(k) plans may wonder about how much that disturbance could affect their retirement savings.