How long does it take TurboTax to release funds?
The IRS issues more than 9 out of 10 refunds in less than 21 days. TurboTax Product Support: Customer service and product support hours and options vary by time of year.
What's going on with the TurboTax lawsuit?
Intuit, TurboTax's parent company, has agreed to a $141 million settlement after the Federal Trade Commission filed suit alleging it deceived millions of customers into paying for tax-prep services that should have been free.
Will I get a settlement check from TurboTax?
They will automatically receive notices and checks by mail. “We empower our customers to take control of their financial lives, which includes being in charge of their own tax preparation,” an Intuit spokesperson told ProPublica in a statement in 2019.
How do I get my money from TurboTax settlement?
0:431:30No action required to receive money from TurboTax settlement - YouTubeYouTubeStart of suggested clipEnd of suggested clipNow if you are one of those people. And you file between the 2016. 17 or 18. Tax years you are nowMoreNow if you are one of those people. And you file between the 2016. 17 or 18. Tax years you are now eligible for a 30 check and you don't have to do anything to get it simply get a notice in the mail.
Does TurboTax steal money?
Intuit, the company behind TurboTax, has agreed to pay out $141 million after it “cheated millions of low-income Americans out of free tax filing services,” in the words of New York Attorney General Letitia James. Most of that money will go to consumers that were tricked into paying for its service.
Is TurboTax giving money back to customers?
New York Attorney General Letitia James announced a legal settlement Wednesday in which Intuit, the company that owns popular tax preparer TurboTax, agreed to provide $141 million in restitution to customers it "unfairly charged," according to a news release.
Is the lawsuit against TurboTax real?
The $141 million settlement deal between Intuit, the maker of TurboTax tax-filing software, and all 50 state attorneys general means that some 4 million affected taxpayers who were deceived by misleading promises of free tax-filing services will be compensated.
Who is eligible for Intuit settlement?
The Free File program was available to both individuals and families with an adjusted gross income of less than $73,000, as well as any members of the military. If all of these apply to you, you're likely to qualify to get a piece of the settlement.
Why is the government suing TurboTax?
The U.S. government is suing Intuit, alleging that the owner of the widely used tax filing software TurboTax is lying to customers by claiming the product is free and then steering them toward paid services and products.
Why is the IRS suing TurboTax?
The Federal Trade Commission is taking action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use.
Why is Intuit getting sued?
The settlement comes after Federal Trade Commission (FTC) sued Intuit earlier this year claiming that TurboTax advertising was purposefully misleading and making users think the service was free.