
The IRS urges taxpayers to be on the lookout for scam artists trying to use the economic impact payments as cover for schemes to steal personal information and money. Remember, the IRS will not call , text you, email you or contact you on social media asking for personal or bank account information - even related to the economic impact payments. Also, watch out for emails with attachments or links claiming to have special information about economic impact payments or refunds.
- $1,200 payment to individual taxpayers making under $75,000.
- $2,400 payment for married couples filing jointly making under $150,000 combined.
- An additional $500 per qualifying child under the age of 17.
- Know that you don't have to sign up to get a stimulus payment. For most consumers, the IRS will use information from prior tax returns to calculate payment.
- Don't fall for scams claiming you need to pay money to receive your stimulus payment. The government will not ask for any upfront payment.
- Watch out for anyone telling you they can get you an instant payment or speed up the process. Do not provide personal information or pay a "processing fee" to supposedly receive a quicker payment. According to the government, payments through direct deposit could go out in the week of April 13th, but it may be longer, especially if you are expecting a paper check.
- Don't click on links or download attachments unless you have verified the source and know it is legitimate. Doing so could infect your devices with malicious software designed to steal your personal information or lock your computer until you pay a ransom.
- The government will not call you asking for Social Security, credit card or bank account numbers. Also, do not disclose your PayPal information - no PayPal account is necessary to receive your stimulus payment. All payments will be through direct deposit to a bank account or paper check.
- If you receive a stimulus check and it is for an odd amount of money (i.e. $1499.50) or if it states you need to verify the check online or over the phone, it's a scam.
- You should get a paper notice in the mail a couple weeks after your payment is sent, letting you know where it was sent and when. If you can't locate the payment at that point, call the IRS at a legitimate phone number.