Tax Season and Identity Theft: How to Keep Your Information Safe

Tax season is a busy time, but it’s also a prime opportunity for identity thieves to steal personal information. Scammers use tactics like phishing emails, fake IRS calls, and data breaches to commit fraud. Protecting yourself is essential, especially if you own a home and manage sensitive financial documents.

Common Tax Season Scams

• Phishing Emails & Calls: Scammers pose as the IRS or tax preparation companies, asking for Social Security numbers or banking details.
• Fake Tax Preparers: Some fraudsters pose as legitimate tax professionals but steal your refund or personal data.
• Stolen Tax Refunds: Identity thieves file a fraudulent tax return in your name, stealing your refund before you even file.

How to Protect Your Information

1. File Early: The sooner you file, the less time criminals have to file a return using your identity.
2. Use Secure Networks: Avoid using public Wi-Fi when accessing tax documents or filing your return.
3. Check Your Credit Report: Monitor your credit report for any suspicious activity that could indicate identity theft.
4. Shred Sensitive Documents: Dispose of tax-related paperwork properly to prevent dumpster-diving thieves from accessing your information.
5. Enable Two-Factor Authentication (2FA): If your tax preparation service offers 2FA, use it for added security.

Protecting Your Home and Financial Security

While identity theft can affect your tax return, it can also lead to financial fraud that puts your assets at risk. Consider getting a quote on identity theft coverage to help safeguard yourself against potential losses. And if you’re also looking for home insurance coverage, getting a Homeowners Insurance Quote in Albuquerque NM can help ensure your home and assets are well-protected.

Stay Vigilant This Tax Season

Being proactive about identity theft prevention can save you time, money, and stress. Keep your information secure, and if you suspect fraud, report it to the IRS immediately.

Need to secure your home and financial future? Contact ABQ Insurance today for a Homeowners Insurance Quote in Albuquerque NM and get the coverage you need.