Do or Don't
Do or Don't:
Your debit card PIN number is 1234. You're thinking about changing it to something more difficult to guess.
Do
When setting your PIN, avoid obvious numbers like your birthdate, house or apartment number, zip code, graduation year, or anything related to your email address or Twitter handle. A thief could easily guess those.
Required payments of money to governments, which use the funds to provide public goods and services for the benefit of the community as a whole.
Taxes
Do or Don't:
Your friend asks to borrow your debit card so they can run to the ATM and get some cash.
Don’t - Your friend could withdraw all your money! It is also not a good idea to share your PIN with anyone else.
Money owed to taxpayers when their total tax payments are greater than the total tax. It is received from the government.
Tax Refund
Do or Don't:
You receive a call from someone who claims to be with your bank and says they need to verify your account information. They ask for your account information and the numbers on your debit card.
Don’t - A bank employee will never call a customer to ask for these details. Never provide this type of information to someone over the phone unless you initiated the call. It’s likely the caller wanted your information for fraud purposes.
An amount (often a personal or business expense) that reduces income subject to tax
Tax Reduction
Do or Don't:
You’re using a computer at the library to order some clothes online. The website asks you if you want to “save your credit card account information.” You click “Yes” since you’re going to place another order later
Don’t - If you forget to clear your browsing history on the computer you are using, someone else could use your card number to place an order. It’s never safe to save personal information on a public computer.
Taxes taken from your paycheck, including Social Security and Medicare taxes.
Payroll Tax
Do or Don't:
Your sister asks if she can borrow your debit card for her vacation this weekend. Even though you’ve heard that tourists are often targeted for theft, you trust your sister to keep your card safe. So you decide to let her borrow it.
Don't:
Don’t - It’s never a good idea to lend someone, even a trusted family member, your debit card. And when traveling, tourists are encouraged to be extra careful with these cards (check your purse or wallet before you leave a bus or taxi; double-check that you have your card after paying for a meal, etc.).
A dollar-for-dollar reduction in a tax. It can be deducted directly from taxes owed. Tax credits can reduce the amount of tax you owe or increase your tax refund, and some credits may result in a refund even if you don’t owe any tax.
Tax Credit