Tax season impostor alert: Who and where are the most vulnerable?

The article discusses a significant rise in imposter scams during tax season, highlighting specific demographics and geographic areas that are particularly at risk. Here are the key points:

1. Geographic Vulnerability:

   • Most Affected States: Delaware, New Jersey, Connecticut, Massachusetts, and Rhode Island.
   • Least Affected State: Wyoming.

2. Demographic Risk Factors:

   • People aged 70-79 years are the most vulnerable, with 966 reports per million people.
   • Those aged 60-69 years follow closely, recording 804 incidents per million.
   • Individuals aged 50-59 and 40-49 also face high risks.

3. Financial Impact:

   • The age group 70-79 suffered the highest financial losses at $135.5 million in just three months.
   • Overall, Baby Boomers (60 to 79 years) accounted for nearly half of all imposter scam losses ($241.2 million).

4. Common Scam Tactics:

   • Impostors often pose as government officials, bank representatives, or tax authorities.

Read the full article at Digital Journal

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