$141 Million SETTLEMENT – Over Fake Ads!
(DailyVantage.com) – As the saying goes, there are two certainties in life: death and taxes — and, of course, tax companies offering their services. Every year leading up to tax season, several companies try to get self-filers to use their software, even offering gimmicks. Unfortunately for one popular company, it got caught in advertising lies, and now, it has to pay.
On Wednesday, May 4, New York Attorney General Letitia James announced Intuit, the company offering TurboTax software, will have to pay $141 million in restitution. According to a ProPublica report, the maker used deceptive practices to draw low-income customers to its software under the guise it was a free filing service. As it turns out, it wasn’t free — taxpayers had to pay a fee to file.
TurboTax maker will pay $141M in settlement over misleading ads for free tax-filing https://t.co/eEsIFEGZoB
— NPR Business (@nprbusiness) May 4, 2022
The settlement says Intuit allegedly harmed these customers by drawing them away from free services offered by state and federal government entities offering no-cost tax preparation services to those who qualify. According to representatives from the company, it “admitted no wrongdoing [and] agreed to pay $141 million to put [the] matter behind it.” The company also vowed to alter its advertising practices.
According to AG James, nearly 4.4 million people nationwide will qualify for the restitution. They will receive nearly $30 for each year they used the service.
Have you used TurboTax to file your taxes?
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