![]() ( Author’s note: Updated to add statement from Intuit. Do not contact Intuit directly about the settlement. More InformationĪn Intuit spokesperson referred me to this post on their site, adding, “Intuit is pleased to have reached a resolution with the state attorneys general that will ensure the company can return our focus to providing vital services to American taxpayers today and in the future.”įor more information about the settlement, visit a site managed by Rust Consulting, the settlement fund administrator. ![]() If you filed for three consecutive years, you could get up to $85. Most consumers will receive between $29 and $30. The amount you could receive is based on the number of tax years for which you qualify. Checks are expected to be mailed throughout May 2023. When To Expect A CheckĬonsumers who are eligible to receive a payment will receive a check in the mail automatically. According to the Attorney General, consumers eligible for payment will be notified by email by the settlement fund administrator, Rust Consulting. The settlement is intended to benefit those who paid to file their federal tax returns through TurboTax for tax years 2016, 2017, and 2018, but were eligible to file for free through the IRS Free File Program-that’s approximately 4.4 million consumers nationwide. I thank my fellow attorneys general for their partnership in this effort to stand up for ordinary Americans and hold companies who cheat consumers accountable.” Who Benefits ![]() As a result, James said, “TurboTax’s predatory and deceptive marketing cheated millions of low-income Americans who were trying to fulfill their legal duties to file their taxes.” She continued, “Today we are righting that wrong and putting money back into the pockets of hardworking taxpayers who should have never paid to file their taxes. The payments related to the settlement are now being paid out. taxpayers, while the IRS Free File products are free for about 70%, according to the announcement.A settlement into the allegations was reached in May 2022. The service would be free for about one-third of U.S. (For tax year 2021, Intuit refers to a simple return as one that can be filed on a Form 1040 with limited attached schedules, like one that includes student loan interest paid, according to the Federal Trade Commission.) Users without a simple return must upgrade to a paid version of the tax service however, these individuals may have been eligible for the IRS Free File Program. Intuit aggressively marketed another version, the TurboTax Free Edition, as "free," but it's only free for taxpayers with "simple" returns as defined by Intuit, according to the announcement. (That version of TurboTax had been available to taxpayers with income below around $39,000 and active-duty military service members with income below $72,000 in tax year 2020.) Intuit ended its participation in July 2021. One was through the IRS Free File Program, a public-private partnership that lets low-income Americans file their taxes for free. Until recently, Intuit offered two free versions of TurboTax. ![]() These customers were told that they had to pay for the service despite being eligible to file for free via the IRS Free File Program offered through TurboTax, according to the announcement. Intuit will pay restitution to nearly 4.4 million consumers who used TurboTax's Free Edition during tax years 2016 through 2018. "Intuit is clear and fair with its customers, including with the nearly 100 million Americans who filed their taxes free of charge with our products over the last 8 years - more than all other tax prep software companies combined," said Kerry McLean, Intuit's executive vice president and general counsel. More from Personal Finance: Feds forgive loans of more than 110,000 people in public service The Great Resignation is still red hot - but may not last How much cash retirees need to weather a stock market downturn Intuit admitted no wrongdoing as part of the agreement and expects minimal impact to its business from implementing changes, according to a company statement. Personal Loans for 670 Credit Score or LowerĪll 50 states and the District of Columbia have signed the agreement. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |