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Scammers are using the child tax credit to try to steal from unsuspecting Americans, according to the Federal Trade Commission.
Often, these criminals perpetuate a type of “government impersonator” scam. They contact people by phone, text, e-mail and social media, pretending to be IRS agents and directing victims to fake websites that seem legitimate.
The American Rescue Plan, a pandemic relief law passed in March, temporarily enhanced the value of the child tax credit and authorized the IRS send funds in monthly installments through 2021.
Families can get up to $250 or $300 a month per child, depending on their age. The IRS has issued $61 billion to households since July.