- Days left

Just when millions of Americans are busy mentally spending their likely tax rebate check from the government ('hmm... a new flat-screen TV or a vacation to Disney this Easter?'), comes a new scam.

The Internal Revenue Service is warning that email and telephone con artists are attempting to grab taxpayers personal financial information (all the better to steal your identity with, my dear), by saying that if they hand it over, they will get their rebate check all the sooner.

One reported phone scam asks people for their bank account information so the rebate could supposedly be supplied direct deposit. An email scam sends a message, supposedly from the IRS, and asks the recipient to click over to a site and enter personal information in order to claim their rebate (a new flavor of 'phishing.')

The IRS wants to remind everyone that not only does it NOT COLLECT INFORMATION BY TELEPHONE (got that?), but Congress hasn't even enacted the legislation that would allow for the tax rebate to be sent. Last week the House voted for a plan that would supply most Americans a rebate of $600 for individuals and $1,200 for couples, plus an extra $300 per child. The Senate will vote on a different version.

Once they vote, the check will show up in the mail. There will be anything else you need to do to claim it, besides filing your income tax.


Increase your money and finance knowledge from home

Economics 101

Intro to economics. But fun.

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

TurboTax Articles

Know The Key Dates For Health Care Reform

"Open enrollment periods for the health insurance marketplace under the Affordable Care Act are limited" says Mac Schneider, a retired certified public accountant from Albion, Michigan. ?Avoiding tax penalties requires awareness of important dates that may vary year-to-year.? As well as key dates, there are time cycles and coverage gap allowances important to health insurance coverage under provisions of health care reform.

Deducting Mortgage Interest FAQs

If you're a homeowner, you probably qualify for a deduction on your home mortgage interest. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat or recreational vehicle used as a residence.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

Add a Comment

*0 / 3000 Character Maximum