Tax Stimulus Checks are Ripe for Scams

Last updated: April 2, 2020 at 4 p.m. ET

‘Tis the season…for scams! Everyone is talking about the coming stimulus checks, especially in these uncertain financial times. But whenever money is involved, there are people ready to scam. You need to protect yourself – and your money! 

Look out for:

  1. Anyone telling you that “in order to receive your stimulus payment via direct deposit, we need you to confirm the banking information.” People are getting phone calls, text messages, and emails directing you to click on a link that takes you to a website to enter your bank account information.
  2. Anyone offering you COVID-19 related grants in exchange for any personal information (social security numbers, bank account information, or credit card information), or that ask for an advance fee or charge of any kind, including gift cards.
  3. Potential identity theft – because tax returns are not due until July 15, that extends the time that someone could steal your identity and file a tax return using your information, and then deposit your refund into their bank account. It’s best to file as soon as you can.

Remember, the IRS DOES NOT CALL YOU OR EMAIL YOU. 

If you do receive one of these calls or emails, please contact the FBI Internet Crime Complaint Center at www.ic3.gov so that the scammers can be tracked and stopped.

Spread the word, and protect yourself!

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