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The Economic Times

Global Business / The Economic Times

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3 tax myths that may cost you money, and reduce your refund this year

Many people follow common tax myths during tax season without checking the facts. Some believe they should not file taxes if they owe nothing, while others think a big refund means they did everything right. Experts warn these beliefs can reduce refunds or increase taxes. Knowing the real tax rules can help taxpayers avoid mistakes and keep more money.

10 Mar 2026 7:01 pm