January 21, 2021

Avoid Stimulus Payment Scams

hand holding mobile phone with word SCAM on screen

The Internal Revenue Service on Tuesday warned consumers of a text scam that is currently being used to trick individuals into disclosing bank account information in order to receive an economic impact payment. The IRS reminded consumers that it does not send unsolicited text messages.

As the IRS continues to issue EIPs (Economic Impact Payments)—including approximately 8 million second-round payments that will be issued by prepaid debit cards—the IRS provides a variety of tips, information, and answers to frequently asked questions on its website at www.irs.gov.

AARP has provided helpful information on their website to help identify EIP debit card mailings.  They have also published a very helpful article about how to avoid check fraud related to paper stimulus checks.