July 15th through December 2021 the IRS will be sending the monthly payments direct deposit, paper check or through debit cards if you qualify for payments through the American Rescue Plan Act. These payments are an advance on the child tax credit, which means eligible people will get up to half of their child tax credit in these monthly payments and the other half when they file their 2021 Taxes. You can go to IRS.gov to see who qualifies, how much you may receive, and how to address any problems. You will also have the option of unenroll from the Advance payments program.
According to the Federal Trade Commission, when it comes to government being in the news, the scammers are about the run their standard playbook, meaning the scammers will most likely use the good old imposter scam to to “help” you get your payments earlier, get more money, or commit identity theft.
BBB and the FTC share these tips:
- Avoid Imposter scams – Government agencies like the IRS or Social Security Administration will not call, text, DM, or email you.
- Do not give out any personal information, like social security numbers, bank account, credit/debit card numbers.
- Eligibility requirements and payment disbursements are monitored by the IRS only.
- When someone is requiring payments by gift card, wire transfers, cryptocurrency, it is scam.
FOR MORE INFORMATION:
You can also report scams to the FTC at ReportFraud.ftc.gov.
FOR BBB INFORMATION:
Visit BBB.org to look up a business, file a complaint, write a customer review, read tips, follow us on social media, and more.