Money Monday: Beware of advance child tax credit scams

The advance child tax credit payments are being distributed to American families -- but beware, scammers are trying to use the payments to steal your money or your information.

Whenever the government starts giving out money, scammers start sniffing around.

And with the expanded child tax credit payments being distributed to U.S. families this summer amid the pandemic, scammers are using the program as an opportunity to steal personal information.

For those receiving the credit, it’s important to know what is a scam and what isn’t.

Watch the video above to learn more.

Read more from the IRS:

More: Money Monday section

About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.