Thieves attempt to take from parents amid child tax credits

As millions of parents across the country receive credits from the IRS, the agency is warning them to stay vigilant and protect their financial information.
1:24 | 07/22/21

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Transcript for Thieves attempt to take from parents amid child tax credits
We turn to that new warning as so many look to receive child tax credits, the irs is saying thieves are trying to take advantage by stealing personal and financial information. Erielle reshef has more on what you need to be on the lookout for. Good morning, erielle. Reporter: Hey, good morning to you, Cecilia. Billions of dollars in those checks have already been direct deposited for millions of American families in just the last week but already the irs is warning that criminals may be looking to exploit this and steal your personal and financial information so here are some of those red flags you should look out for. If you are contacted via email, social media, phone or text asking for personal or financial information to help speed up this process or boost payments also if you receive any prerecorded urgent or threatening messages warning of a potential lawsuit or an arrest. Lastly if you're asked to make a payment with a gift card, wire transfer or cryptocurrency, all major red flags and the irs will never contact taxpayers to ask for your information via email, phone, text or social media. Get one of those, erielle, what is the tip on that? What do you do? Reporter: So the best advice here is ignore it and you should report it. The irs has instructions on its website, irs.gov about how to do it. If you are eligible for these child tax credits you should receive a direct deposit and shouldn't have to take any additional steps. Good warning there, thanks so much.

This transcript has been automatically generated and may not be 100% accurate.

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