The IRS child tax credit scam arrives when payments reach bank accounts
3rd round of monthly prepayments for tax credit for children He was due to hit bank accounts on Wednesday, given that it’s September 15th.
On the night of September 14, I received this text: “Apply for an additional $1,400 Government Pandemic Stimulus Grant.”
Of course, the message said all I had to do was click the link in the text to “submit your details”.
Keep in mind, there is no such thing as a file extra incentive Bonus even if people are talking about getting money now.
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► How to stretch those dollars:4 ways to maximize your monthly child tax credit payments
How much is the child tax credit for September 2021?
Yes, many parents receive extra money, thanks to advances to the Child Tax Credit. But then again, they’re not texting anyone to get it.
Millions of eligible families currently receive up to $300 per month for each eligible child age 5 or younger and $250 per month for children ages 6 to 17. Monthly payments run from July through December.
Depending on how many kids you have and their ages, you could easily look at an extra $500 or $900 a month.
The next round of payments will be on October 15, November 15 and December 15.
Many payments are automatic and based on information the Internal Revenue Service obtained from 2019 or 2020 tax returns, whichever has already been processed.
What does the IRS say about scammers?
“Criminals are always changing their tactics, but the IRS is not going to text or email or call you on social media to say you can get your money faster,” said Luis de Garcia, a Detroit IRS spokesperson.
If you are concerned about indebted money, it is important that you understand how the IRS works as well.
“We may contact you in very rare circumstances,” Garcia said. “But in those cases, there’s usually a pile of IRS letters on your desk that you’ve been ignoring, and you’re kind of anticipating the call.”
Another good reminder, Garcia said, “Threats of imprisonment, foreclosure, deportation, etc. will never happen if you reach out to the real IRS.”
Don’t rush to pay taxes with gift cards, Apple iTunes cards, or track down other claims fraudsters might make.
Why didn’t I get a tax credit for my child this month?
Families who have not yet received a child tax credit in advance may need to either file a tax return or use the IRS.gov no-registration tool to make sure they receive their money. The IRS saidChildren’s tax credit scoring toolIt will be available until October 15th.
The non-filer tool is for people who need to report eligible children born before 2021. The tool is used by families who are not required to file a 2020 tax return, have not filed and are not planning to do so. A user without a file must also have had a home in the United States for more than half the year.
The IRS notes that the no-record tool can also be used by some people who have not received the full amounts of their first and second Economic Impact Payments. But this group is limited to those who are not required to file a 2020 tax return, have not filed and do not plan to do so. The tool can be used to “claim the 2020 refund discount and receive the third economic impact payment,” according to the IRS.
What if I moved?
The IRS launched a feature in August that allows any family receiving monthly child tax credit payments to update their mailing address in Child Tax Credit Update Portal via IRS.gov.
Using this feature, the IRS said that families who choose to receive their payments by paper check can avoid delays in sending mail or even avoid returning the check as undeliverable by updating the address if necessary.
Again, the IRS will not send you a text message. You don’t need to text anyone to change the address.
Yes, everyone wants to get extra money
Back to Billing season is coming because we’re looking forward to extra spending on school clothes, college tuition, and holiday gift purchases in the future.
So it only makes sense that fraudsters are manipulating our spending habits – in addition to the constant news of sending more money to many taxpayers each month.
In August, I wrote about a Fraudulent text impersonating AT&T. This text was promising extra money by saying, “We accidentally overcharged your phone bill last month:” and they asked you to click on a link to get your money back.
We have to realize that scammers want to harass us by surprise and get us to click on links without even thinking. They want to collect more information about us or even access our accounts via our smartphones.
Do not click on these links. Avoid creating more headaches while looking for additional funds.
Contact Susan Tompor at email@example.com. Follow her on Twitter @tompor. To subscribe, please go to freep.com/specialoffer. Read more about the business and sign up for our Business Newsletter.