Intuit agrees to pay $141M in restitution to nearly 4.4M US customers charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC
Greg Iacurci / CNBC :
CNBC Greg Iacurci
Related Coverage
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- Intuit to pay $141M settlement over ‘free’ TurboTax ads Associated Press
- Intuit Will Pay Millions to Customers Tricked Into Paying for TurboTax ProPublica · Justin Elliott
- View article ExtremeTech
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- TurboTax forced to stop misleading “free, free, free” ads and pay back $141M Ars Technica · Jon Brodkin
- Intuit owes customers $141 million after it ‘cheated’ them out of free tax services Engadget · Steve Dent
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- TurboTax to pay customers $141 million after allegedly steering them away from free services CNN · Jordan Valinsky
- TurboTax to pay $141m to settle claims it scammed millions of people The Register · Katyanna Quach
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Discussion
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@propublica
@propublica
on x
New: State attorneys general just reached a $141 million settlement with the Silicon Valley juggernaut. Victims will receive up to $90 each. https://www.propublica.org/...
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@themorrancave
@themorrancave
on x
The $141M settlement deal only covers certain @TurboTax users from 2016-18, but as @ProPublica previously reported, Intuit's deceptive practices go back more than a decade. https://www.propublica.org/...
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@hkanji
@hkanji
on x
Toothless settlement. For large corporations, crime usually pays https://apnews.com/...
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@propublica
@propublica
on x
The details of when and how the payments will be made are not immediately clear, but they're expected in the coming months. In Texas alone, 446,000 people are expected to receive restitution payments from Intuit. https://www.propublica.org/...
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@epro
Emil Protalinski
on x
The US should invest that $141 million into simplifying the tax code and killing the need for TurboTax. https://twitter.com/...
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@ericuman
Eric Umansky
on x
ProPublica covered Intuit's TurboTax tricks for 10 years. The result: Intuit is giving customers $141 million. https://www.propublica.org/...
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@propublica
@propublica
on x
The investigation by state attorneys general, led by Letitia James of New York, was sparked by ProPublica stories in 2019 that revealed how Intuit had systematically tricked millions of people into paying for tax prep. https://www.propublica.org/...
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@tedkempcnbc
Ted Kemp
on x
Among other changes, TurboTax agreed to suspend a “free, free, free” advertising campaign that drew customers to free tax preparation but then asked them to pay, according to @NewYorkStateAG @TishJames Letitia James. @GregIacurci https://www.cnbc.com/...
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@tanaganeva
Tana Ganeva
on x
My friend @JustinElliott has been covering TurboTax for years and his work led to this. I know everyone hates journalists but sometimes they literally get you money. https://www.propublica.org/...
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@senwarren
Elizabeth Warren
on x
.@Intuit has raked in billions by tricking Americans into paying for tax filing services that should be free. This $141M settlement is a good first step for accountability, but the IRS also needs to finally set up a truly free, simple tax filing service. https://www.cnbc.com/...
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@dominiccampbell
Dominic Campbell
on x
Totally normal country that turns over the front door of its tax system to a private company that then tricks 4m citizens into spending money just to pay taxes that they owe the government 🤯 https://twitter.com/...
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@kantrowitz
Alex Kantrowitz
on x
Turbotax is the scammiest of scammers, an outright thief now being punished. https://www.cnbc.com/...
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@stevenbeynon
Steve Beynon
on x
TurboTax is predatory but I actually looked into filing taxes directly through the government and literally couldn't figure it out. https://twitter.com/...
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@gregiacurci
Greg Iacurci
on x
NEW: TurboTax owner Intuit will pay $141 million to customers ‘unfairly charged’ for service. The company will pay restitution to ~4.4M people who used TurboTax's Free Edition during tax years 2016 through 2018. https://www.cnbc.com/...
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@newyorkstateag
Ny Ag
on x
For years, @Intuit cheated millions of Americans by tricking them into paying for @turbotax's tax filing services that should have been free. Today, we're forcing Intuit to pay $141 million to Americans in all 50 states and Washington D.C. for its illegal actions.
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@newjerseyoag
@newjerseyoag
on x
“Free, Free, Free” is an empty promise when misleading ads fail to mention hidden pop-up costs. Today, NJ settled with Intuit over deceptive marketing of its Turbo Tax Free Edition putting $2.15 million back in the pockets of NJ residents. https://www.njoag.gov/...
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@paattorneygen
AG Josh Shapiro
on x
BREAKING My office has secured a $141 million settlement with Intuit, makers of TurboTax. Intuit aggressively marketed a TurboTax Free Edition that in reality was hardly ever free. https://www.attorneygeneral.gov/ ...
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@agowa
@agowa
on x
More than 121,000 Washingtonians will receive restitution payments after paying to file their taxes with Intuit's TurboTax when they could have filed for free through the IRS. Read more here: https://www.atg.wa.gov/... https://twitter.com/...
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@kyoag
Attorney General Daniel Cameron
on x
We reached a settlement today with Intuit/TurboTax that will return $1.6 million to Kentucky consumers who were unfairly charged for tax preparation services. Read more: https://kentucky.gov/... https://twitter.com/...