C&F Bank
Updated 4:28 PM CST, Thu December 26, 2024
Published Under: Fraud Awareness
Preventing Child Tax Credit Scams
What to Know: Incoming Child Tax Credit Vs. Child Tax Credit Scams
Many of our C&F customers will begin receiving Child Tax Credit direct-payments into their accounts, as part of the Federal Government’s American Rescue Plan. Below is further information about these payments and how you can protect yourself from scams.
- How much will people get: The maximum benefit is $250 per month for children ages 6 and older or $300 per month for children 5 and younger.
- When to expect a check: On or about the 15th of the month, once per month, from July to December.
- How the payment will be delivered: By direct deposit, paper check or debit card.
Beware of Unsolicited Communication
- The IRS will not email, text, call or direct-message you as an initial contact for these payments. These tax credits are just that, based off of your previous tax filings, so there is no need to apply.
- If you receive a call, from someone stating that they are with the IRS and that you will need to apply for this benefit, it is a SCAM. You should hang-up immediately and should not give any personal information over phone or email.
- To check your eligibility for the Advance Child Tax Credit Payments or receive more information, please visit irs.gov.
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