Sadly, it did not take long for scammers to take advantage of the programs being offered to help individuals and businesses through this current situation. Don't let your guard down! Remember, the IRS and banks will not contact you for bank account information or to verify social security numbers or information on your tax return. Also, you should not pay anyone a fee to process your stimulus check. The Federal Communications Commission (FCC) is receiving reports of potential scams, warning on their website.
President Trump has signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act just a few hours after the House of Representative passed the legislation. The historic $2 trillion economic recovery package includes direct payments to individuals, significantly expanded unemployment coverage, business relief through payroll credits and attractive SBA funding options, and significant resources for health care facilities in dire need of relief.
The White House and congressional leaders from both parties reached a $2 trillion stimulus deal early Wednesday that will include direct payments to most Americans and an unprecedented amount of money to small businesses that have been pushed to the brink.