As the Coronavirus takes a growing toll on people’s pocketbooks, there are reports that the government will soon be sending money by check or direct deposit to each of us. The details are still being worked out, but there are a few really important things to know, no matter what this looks like.
1. The government will not ask you to pay anything up front to get this money. No fees. No charges. No nothing.
2. The government will not call to ask for your Social Security number, bank account, or credit card number. Anyone who does is a scammer.
3. These reports of checks aren’t yet a reality. Anyone who tells you they can get you the money now is a scammer.
Look, normally we’d wait to know what the payment plan looks like before we put out a message like this. But these aren’t normal times. And we predict that the scammers are gearing up to take advantage of this.
So, remember: no matter what this payment winds up being, only scammers will ask you to pay to get it. If you spot one of these scams, please tell the Federal Trade Commission: www.ftc.gov/complaint. We’re doing our best to stop these scammers in their tracks, and your report will help.
Keep up to date with the latest Coronavirus-related scams at www.ftc.gov/coronavirus or by signing up to get these consumer alerts.
Watch these videos for more tips on how to avoid ecomonic impact payment scams:
Updated link added on April 21, 2020.
In reply to Please reconsider retirees& by Florencemcmorris
In reply to I'm a citizen n my husband by 24 coronass
Please check the IRS questions and answers at irs.gov/coronavirus/economic-impact-payment-information-center.
In reply to Do we have to pay taxes on by Gogeyi
Please check the IRS questions and answers at irs.gov/coronavirus/economic-impact-payment-information-center.
The IRS website says " The Payment is not income and you will not owe tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year."
"A Payment also will not affect your income for purposes of determining eligibility for federal government assistance or benefit programs."
In reply to I received A stimulus check by Young mother o…
People who get Social Security, Social Security Disability (SSDI) or Railroad Retirement benefits will get checks from the IRS automatically. The IRS says if you have a qualifying child, you can take an extra step to get $500 per child. Use the IRS web tool to give basic information to claim the payment per child.
In reply to Will Netspend prepaid card by GBrother
In reply to My husband and I got our by Watersllc
People who get Social Security, Social Security Disability (SSDI) or Railroad Retirement benefits will get checks from the IRS automatically. The IRS says if you have a qualifying child, you can take an extra step to get $500 per child. Use the IRS web tool to give basic information to claim the payment per child.
In reply to My taxes we're done back in by Trica Davis
The IRS has information about bank accounts, addresses, getting payments and other topics at irs.gov/coronavirus/economic-impact-payment-information-center.
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