As a way to stimulate the American economy , the Internal Revenue Service ( IRS ) has begun sending economic impact payments or stimulus checks to millions of U . S residents . Unfortunately , there has been a lot of information and confusion from many sources surrounding these checks . This process has been ideal for scammers who continue to try to take advantage of this pandemic that has put many in a vulnerable situation . While some scammers may be after the checks themselves , others are looking to use this opportunity to collect personal information such as social security information , bank account numbers , and other identifiable information .
   The best tool against scammers is to stay informed and on high alert by paying attention to the warning signs of a scam . When looking for information regarding the stimulus checks make sure you always use trusted sources . In this case the IRS is the most trustworthy source to get your questions answered about when and how your stimulus check will arrive .
   If you are asked to do any of the following a scammer might be trying to take advantage of you .
   Contacted via a phone , text , or email to “verify” personal or financial information . The IRS is rather busy at the time and will not be contacting you to confirm any of this information .
   Open an email or click on a link to receive your “stimulus check” automatically online .
   Ask for a fee to be paid or request a transfer before you can receive your stimulus check .
   Deposit a check over the known amount and then send money back , this is a fake check scam .
   So far , the FTC has received approximately 18 , 000 stimulus check related complaints . It’s important that if you come across any of these warning signs , you contact the FTC at
   ftc . gov/complaintso others could be warned of a potential scam .
   For more information regarding stimulus checks visit ,
   Economic Impact Payment:
   IRS . gov/coronavirus/economic - impact - payments
   Economic Impact Payment Information Center:
   IRS . gov/coronavirus/economic - impact - payment - information - center
   

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