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TEXXR

Chronicles

The story behind the story

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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

Discussion

  • @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/...
  • @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/...
  • @hkanji @hkanji on x
    Toothless settlement. For large corporations, crime usually pays https://apnews.com/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @kantrowitz Alex Kantrowitz on x
    Turbotax is the scammiest of scammers, an outright thief now being punished. https://www.cnbc.com/...
  • @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/...
  • @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/...
  • @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.
  • @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/...
  • @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/ ...
  • @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/...
  • @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/...