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CARES Act Payment Or Scam
4/22/2020 (Permalink)
As our collective financial uncertainty continues to grow during these uncertain times many of us have questions regarding relief promised to us by our political leaders. In response to the great lockdown necessitated by COVID-19, the federal government passed a $2.2 trillion coronavirus stimulus bill. The intent of Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides financial support to individuals and businesses.
The CARES Act included many components including direct stimulus checks to Americans. Individuals who qualify will receive a one-time remittance of:
- $1,200 for individuals
- $2,400 for married couples
- $500 for each dependent child 16-years-old or younger
Check the Status of Your Stimulus Payment through the IRS
The US Internal Revenue Service (IRS) launched the Get My Payment tool for Americans to check the status of their Economic Impact Payment stimulus checks, a minimum of $1,200 each for single filers with an adjusted gross income of $75,000 or less.
Beware of Stimulus Check Scams
Unfortunately there are those who will try to take advantage of the current pandemic and try to steal your personal financial information. Be smart, use common sense and do not open or respond to any unsolicited inquiries. One known scam brought to light by The Michigan Cyber Command Center (MC3) is a phishing email circulating, appearing to be from the U.S. Small Business Administration. The email contains a malicious attachment named
"SBA_Payroll_Protection_Application.img".
For more information regarding Financial Aid during these difficult times, for yourself or your business, visit the Neponset River Regional Chamber website.
All of us here at SERVPRO of Newton / Wellesley want you and your loved ones to stay safe and know that we will make it through this together! Rest assured, we will continue to do our best to keep you up-to-date and informed!