As part of a 50-state settlement over the software maker’s practices that were allegedly designed to deceive customers into paying for tax services that should have been free, certain users of Intuit’s TurboTax may receive up to $85 each.
TurboTax Funds Settlement:
(Exclusive Web Stories)— Attorneys general from nine states, including New York, Tennessee, Florida, Illinois, New Jersey, North Carolina, Pennsylvania, Texas, and Washington collaborated to reach a $141 million multistate settlement with Intuit for duping millions of low-income Americans into paying for tax services that should have been free.
Read More: Intuit TurboTax, A Complete Guide and its Features
Letitia James, the attorney general of New York, said that the settlement requires Intuit to stop running its “free, free, free” advertising campaign, which promised free tax preparation yet paid many customers for the service.
The $141 million settlement, which includes D.C. residents, comes out of a 2019 ProPublica, which report that found Intuit used deceptive strategies to guide lower-income taxpayers out of federally supported free assistance for which they were eligible towards an offering that charged a fee to file tax returns.
Who is eligible to receive the TurboTax settlement funds?
According to the statement, around 4.4 million people in the United States are eligible for the payout.
Customers who utilized TurboTax in 2016, 2017, or 2018 and were also eligible to use an Intuit IRS Free File Product are eligible to receive a reimbursement.
According to a statement made on Thursday by Connecticut Attorney General William Tong, over 41,700 citizens of the state who have used TurboTax will receive settlement reimbursements totaling $1.27 million this month.
Connecticut residents will get cheques totaling $1.27 million from the TurboTax settlement in May.
Approximately 16,000 taxpayers from Hawaii will receive funds.
How to Claim Your TurboTax Settlement
The settlement page states that there is nothing you need to do.
If you are qualified, the settlement fund administrator should send you an email with information about your potential payment amount.
How much will the settlement cheque from TurboTax be?
The majority of consumers will earn between $29 and $30, according to the website, but some people who submitted for all three of the settlement’s applicable years could receive as much as $85, according to the New York attorney general.
As part of a multistate settlement first announced in May 2022, Intuit Inc., the parent firm of TurboTax, will start mailing cheques to millions of US taxpayers.
Watch: TurboTax Users can get Settlement Money from Intuit
TurboTax Users can get Settlement money from Intuit