TurboTax Agrees To $141 Million Settlement & May Owe You Some Money!

The owner of TurboTax is going to pay a lot of money for charging for services that should've been offered for free. An agreement involving all 50 states and Washington, DC will see financial software company Intuit pay 141-million dollars to low-income Americans who paid for those free services.

“Intuit cheated millions of low-income Americans out of free tax filing services they were entitled to,” says New York Attorney General Letitia James. “For years, Intuit misled the most vulnerable among us to make a profit. Today, every state in the nation is holding Intuit accountable.”

As part of the decision, TurboTax must also no longer use the "free, free, free" ad campaign. Nearly four-and-a-half million consumers who used TurboTax between the 2016 and 2018 tax years will receive restitution as part of the settlement.

Source: ProPublica

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