Be Watchful of CARES Act Scams

By now, COVID-19 has affected each and every one of us in one way or another. Fortunately, on March 27, 2020, an act called the Coronavirus Aid, Relief, and Economic Security Act – otherwise known as the “CARES Act” – was signed into law. This stimulus package, put into place by the United States government, will provide some relief to citizens through a serious of measures intended to stimulant economic activity. 

One of the main benefits of the CARES Act is that those who earn less than $99,000 annually as single taxpayers will receive a stimulus check rebate to help in these hard times. For those who earned less than $75,000 in 2018, they will receive $1,200, plus $500 for every qualifying child in the household. Additionally, any unemployment insurance payment will be increased by $600 per week for four months and will include those who were previously ineligible for such unemployment benefits such as part-time employees, freelancers, independent contractors, gig-workers, and self-employed individuals. 

In these unprecedented times, we have been offered some relief to get us through, which is truly a blessing. Unfortunately, citizens will have to be very cautious over the next few months about receiving this relief. Many scammers are taking advantage of the confusion around this new stimulus package to exploit those in need. The email scams have started…

You know it’s fake because the IRS will not communicate with any taxpayer via email, all IRS formal communication is transmitted through the U.S. Postal Service. Not only that, the IRS will never ask you for your personal financial account information. To receive the CARES Act payments, the IRS will use the information from your 2018 taxes if you have yet to file your 2019 income tax return. This means that the IRS will automatically deposit the payment to the account that was used on your tax returns for direct deposit, and if there was no direct deposit available, they will send you a check in the mail. 

If you’re unsure if a notice is official, just give the IRS a call to confirm. The official IRS phone number is 800-829-1040. 

The bottom line is that there’s really no better time than the present to become a LibertyID member for identity theft restoration protection. Our extended family plan covers the primary individual, their spouse/partner, both sets of parents (including those that have been deceased for up to a year), and all children under the age of 25. We’re the experts at identity theft restoration, offering a 100% guaranteed identity theft restoration service. But, you have to get covered before there’s an incident. When you sign up for LibertyID, you’re covering yourself and your family from the fallout of identity theft and the potentially hundreds of hours and thousands of dollars lost due to identity theft.