Con artists are after your stimulus checks — here are 4 red flags to watch for, one fraud expert says. (via CNBCMakeIt)
Cobb says that a telltale sign you're dealing with a huckster is that they'll use the wrong terms regarding these
payments, like "stimulus check" or "coronavirus check." "The official term is 'economic impact payment' — that's what the IRS calls it," she says. "The language matters."Your economic impact payment is based on your most recent tax return for either 2018 or 2019, and the maximum payment is $1,200 per adult and $500 per child.
In the meantime, be vigilant and trust your instincts. If something feels not quite right, or too good to be true, it might well be a scam. And while fraud occurs all the time, Cobb recommends Americans be particularly wary during the pandemic. Scammers are "dialing it up," Cobb says, because for them, opportunities like this don't come around very often.
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