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Beware of Scammers Attempting to Steal Your Coronavirus Stimulus Check

Scammers are already hard at work trying to take advantage of the “Coronavirus Aid, Relief, and Economic Security Act” that promises relief to the American public during the COVID-19 outbreak. Specifically, these thieves are attempting to steal stimulus checks.
FTC.gov points out that the government will not charge any fees for you to receive this money.
A few quick takeaways to be on the lookout for:
• The government will not call, email or text you to discuss the payout.
• You cannot pay to get your funds early.
• The government will not ask for your Social Security number, bank account, or credit card number.
• Scammers often spoof phone numbers to try to trick you into responding or taking action.
The IRS has announced that the payments will be dispersed automatically and most people will not have to take any action. The economic impact payment will be sent directly to the same banking account that was indicated on your last tax return. If you need to make a change to your account information, the IRS is developing a website to update.
Aid amounts will be based on household income reported in 2018 taxes (or 2019 taxes if they’ve already been filed) and will average $1,200 for each adult earning up to $75K a year and married couples earning up to $150K a year.
Check amounts will begin to phase out for individuals whose income exceeds the $75K threshold, and for couples who earn more than $150K. Individuals earning more than $99K, and couples with no dependents earning more than $198K, won’t receive stimulus checks. Each household will also receive an additional $500 for every child under the age of 17 living at home.
For other questions regarding payments visit the IRS website for an in-depth FAQ.

Information used is from Ascend Credit Union

Lucky Knott

Lucky Knott

One of Southern Tennessee's most experienced and recognized news broadcasters and play-by-play sportscasters. Current news director for On Target News and manager of Rooster 101.5 FM. Knott can be heard on 93.9 The Duck, The Rooster 101.5 and Whiskey Country 105.1 and 95.9. He is currently the play by play voice of the Coffee County Red Raiders on The Rooster 101.5. Lucky has done play-by-play for over 3,481 sports events on Radio & TV. He also served 4 years as the Public Information Officer for the Coffee Co. Sheriff's Dept. and taught Radio/TV for 6 years at Grundy County High School.

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