As part of a 50-state settlement, some people who used Intuit’s TurboTax could get up to $85 each. This is because the company supposedly used tricks to get people to pay for tax services that should have been free. According to a statement released by New York Attorney General Letitia James on Thursday, the settlement requires Intuit to stop its “free, free, free” ad campaign, which offered free tax preparation but charged many customers for the service.
The $141 million settlement, which includes residents of Washington, D.C., is based on a 2019 ProPublica report that found Intuit used misleading methods to steer low-income tax filers away from free services that were paid for by the federal government and toward a product that cost money to file tax returns.
“Today, every state in the country is holding Intuit accountable for ripping off millions of taxpayers, and we’re putting millions of dollars back into the pockets of affected Americans,” James said in a statement on Thursday.
In a statement sent to CBS MoneyWatch by email, Intuit said, “Intuit is happy to have agreed with the state attorneys general. This will allow the company to return to providing important services to American taxpayers now and in the future.” Here we will discuss about how to get turbotax settlement and many other things related to it.
How To Get Turbotax Settlement?
The settlement page says you don’t need to do anything. If you are qualified, you should get an email from the settlement fund administrator telling you how much you can expect to get. The site says that payments will be mailed out during May. this is all we know about how to get turbotax settlement.
Here is a tweet related to this topic:
No action required to receive money from TurboTax settlement https://t.co/QnBr9Zsw7u
— ABC10 (@ABC10) May 6, 2023
How Much Will The TurboTax Settlement Check Be?
The payment is based on how many years a person has used TurboTax and if they are eligible. The site says that most people will get between $29 and $30, but the New York attorney general said that some people who filed for all three years covered by the deal could get about $85 each.
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Why Did The TurboTax Settlement Happen?
A multi-state investigation found that Intuit used “several deceptive and unfair trade practices that limited consumers’ participation in the IRS Free File Program,” according to a statement from the New York AG.
The investigation found that Intuit used similar names for its business “freemium” product and the IRS Free File service. It also blocked search engine results for its IRS Free File landing page during the 2019 tax filing season. The statement said this made it impossible for people who could have used the free file tool to use the service.
Through a partnership between the IRS and private tax-preparation companies called Free File, about 70% of U.S. taxpayers should be able to file their tax forms for free. However, IRS data shows that less than 3% of taxpayers used Free File in the 2020 tax year.