Home LOCAL NEWS BBB Scam Alert: Child tax credits are being paid-out, and scammers are on the hunt!

BBB Scam Alert: Child tax credits are being paid-out, and scammers are on the hunt!

by MyBonhamTexas
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From July 15 through December 2021, if you qualify for payments through the American Rescue Plan Act, the Internal Revenue Service (IRS) is sending monthly payments direct deposit, paper check or through debit cards.

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.  

According to the Federal Trade Commission, when it comes to the government being in the news, the scammers will likely use their standard playbook, meaning impostor scams may appear, with con artists pretending to “help” you get your payments earlier, get more money, or commit identity theft.

BBB and the FTC share these tips:

  • Avoid Impostor 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 information, or credit/debit card numbers.
  • Eligibility requirements and payment disbursements are monitored by the IRS only.
  • When someone requires payments by gift card, wire transfers, or cryptocurrency, it is likely a scam.

FOR MORE INFORMATION:

Learn more tips on how to avoid scams by reading 10 Steps to avoid scams. If you have been the victim of this or another scam, make others aware by filing a report on BBB.org/ScamTracker.

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.

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