Will I get a TurboTax settlement?
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. The checks will come from the $141 million settlement, minus $2.5 million in administrative costs.
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.
How long does it take to get a check from TurboTax?
21 daysMost 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.
Is the TurboTax lawsuit legit?
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.
How do I know if I qualify for the TurboTax settlement?
Anyone making less than $73,000 a year is eligible for free filing through IRS Free File. Eligible customers must have used TurboTax to file for tax years 2016, 2017 or 2018. A “tax year” is the year covered by a person's tax filing, typically the calendar year before the return is filed.
How do I get more money back from TurboTax?
5 Hidden Ways to Boost Your Tax Refund: Rethink Your Filing Status (Part 1)Rethink your filing status. ... Embrace tax deductions. ... Maximize your IRA and HSA contributions. ... Remember, timing can boost your tax refund. ... Become tax credit savvy.
What bank does TurboTax use?
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.
How do I check the status of my TurboTax refund?
We'll help you track your tax refundIf you. e-filed. with TurboTax. Sign in to check your federal return. ... Track your federal. tax refund. Once your return's accepted, you can track your refund. If you don't receive it within 21 days, contact the IRS. ... Track my. state refund. We'll help you find your. state's instructions.
Will TurboTax tell me when my refund is deposited?
Yes! You should receive notification(s) from TurboTax (email or text, depending on what you chose when preparing your taxes through the TurboTax software). As for direct deposits, it will generally take your financial institution 1-2 business days before the money is made available to you.
Who is suing TurboTax?
More than 4.4 million people earning less than $34,000 mistakenly used the paid programme, which was promoted through TurboTax's "free, free, free" ad campaign, according to New York Attorney General Letitia James, who led the lawsuit.
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.
Is TurboTax being investigated by IRS?
Series: The TurboTax Trap The Federal Trade Commission has been investigating Intuit and its marketing of TurboTax products, following ProPublica's reporting that the Silicon Valley company deceived tax filers into paying when they could have filed for free.