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Technology Stocks : Intuit -- What's Its Future?
INTU 602.43-1.3%Oct 7 9:30 AM EDT

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From: Sr K5/4/2023 6:04:21 PM
   of 1546
 
TurboTax Paying $141 Million to Taxpayers Who Could Have Filed for Free

The payments are part of a 2022 settlement over online ads that sent customers to TurboTax’s paid service

By Ashlea Ebeling

May 4, 2023 3:55 pm ET

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TurboTax owner Intuit will make payments ranging from $29 to $85 to about 4.4 million taxpayers. PHOTO: SHUTTERSTOCK
Millions of Americans who were charged for tax preparation that should have been free will receive settlement checks from TurboTax starting next week, New York’s attorney general said Thursday.

TurboTax owner Intuit agreed to the $141 million settlement a year ago over allegations its TurboTax software deceived low-income Americans into paying to file their taxes when they qualified to file for free. Intuit will make payments ranging from $29 to $85 to about 4.4 million taxpayers, New York Attorney General Letitia James said.

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