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Monday, October 3, 2022

Stimulus Check: Scams On Child Tax Credit Rampant

With the IRS and the Treasury Department coming up with millions of child tax credits under the stimulus check payments, there have been claims of scams. Currently, the American Rescue Plan of Joe Biden has worked marvelously, bringing up the economy- but most agencies have already started warning Americans about scams that could occur with these monthly checks.

They have further stated that parents who have been thought of as eligible need to strictly be on guard- in the event that they might have to update their bank account. It has also been informed that such individuals need to refer to the official website of the IRS and not click on any link that they might receive. 

Beware of These Stimulus Check Scams!

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Such warnings regarding the stimulus check payments came directly from the IRS after it announced its Dirty Dozen list of tax scams for the current year. The Commissioner of the IRS, Chuck Rettig, stated that they have continued to see con artists using the pandemic in order to steal information as well as money from decent taxpayers in such a period of crisis.

This has led them to provide such a list that would alert taxpayers about the most common scams that these fraudsters will definitely use against these poor individuals. With the IRS dedicated to stopping the criminals, the individuals also would have to make sure that they are vigilant enough. 

The ‘Dirty Dozen’ list that the IRS is talking about has been separated into four different groups- one of them involving pandemic-related scams like stimulus check theft. Other categories involve scams like phishing for personal information, scams that bring in fake charities in order to target unsuspecting individuals. The agency has stringently maintained that taxpayers ought to be on guard at all times- but especially during this pandemic for this doesn’t just involve their own life. 

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Now, as far as the stimulus check payments that the agency is about to roll out, the agency has stated they wouldn’t be initiating any contact through email, phone, social media, or text. Any messages that come in asking for Social Security numbers or any other financial information need to be ascertained at the official website.

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