Full Answer
What years are covered by the TurboTax settlement?
The TurboTax settlement covers tax years 2016 through 2018. People who “started using TurboTax’s Free Edition” in those years and “were told that they had to pay to file even though they were eligible to file for free using the IRS Free File program offered through TurboTax” are included, according to the release.
Did you have to pay to file taxes with TurboTax?
Intuit is providing restitution to nearly 4.4 million people in all 50 states who used TurboTax's Free Edition between tax years 2016 and 2018. These people were told they had to pay to file, even though they qualified for the IRS Free File program, a partnership between the agency and major tax prep software companies.
What happened to TurboTax?
TurboTax, a California-based tax filing company owned by Intuit, has agreed to a settlement totaling $141 million to be distributed to customers across the United States.
Will TurboTax pay $141m over ads for free tax filing?
TurboTax maker will pay $141M in settlement over ads for free tax-filing : NPR May 5, 2022 7:34 AM Does anyone ever read the full articles that are published ? The settlement will affect 4.4 million customers eligible for the I.R.S. Free File program who were maneuvered to use TurboTax’s free edition in the tax years 2016 through 2018.
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.
Will I get TurboTax settlement check?
Checks will be mailed, or electronic payments will be made. The settlement administrator will send reminders about uncashed checks and re-issue checks as necessary.
How long does it take TurboTax to release funds?
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Remember, the fastest way to get your refund is to e-file and choose direct deposit.
How much will you get from TurboTax settlement?
How do I file a settlement claim with TurboTax? If you qualify, you will automatically receive a direct payment of approximately $30 for each year that they were deceived into paying for filing services, according to James' office.
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.
Why did TurboTax refund some users?
Millions of Americans will receive refunds from TurboTax because they were duped into paying for tax prep that was supposed to be free, according to a nationwide settlement announced by the New York attorney general's office.
How do I see pending deposits on TurboTax?
To see whether you have a pending deposit you will need to log on to your bank account and check your account. Returns are usually accepted within 48 hours, but can take up to 72 hours.
What day of the week does the IRS deposit refunds 2022?
IRS Refund Schedule for Direct Deposits and Check Refunds They now issue refunds every business day, Monday through Friday (except holidays). Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years.
What bank does TurboTax go through?
Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund.
What's going on with the TurboTax lawsuit?
Under terms of a settlement signed by the attorneys general of all 50 states, Intuit Inc. will suspend TurboTax's “free, free, free” ad campaign and pay restitution to nearly 4.4 million taxpayers.
Is the lawsuit against TurboTax real?
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.
What's going on with 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 did I get an email from TurboTax?
Scammers will sometimes send emails that appear to come from legitimate tax preparers. If you receive a suspicious email that appears to come from TurboTax, forward it to us at [email protected] so we can investigate. You can also get the latest on any phishing scams we know about from our Online Security Center.