TurboTax to Pay $141 Million Settlement for Deceiving Taxpayers

TurboTax to Pay $141 Million Settlement for Deceiving Taxpayers
Turbo Tax is displayed on a device in San Francisco, Calif., on Feb. 22, 2018. Kimberly White/Getty Images for TurboTax
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New York attorney general Letitia James announced that low-income consumers who had been “tricked” by the financial software firm Intuit into paying for free tax services will be receiving millions in dollars as a settlement.

The case revolves around Intuit’s TurboTax tax-preparation software. The $141 million multistate settlement with Intuit was announced last year. The settlement was made after Intuit was charged for deceiving millions of low-income Americans to pay for tax services that should have been free. All 50 states as well as the District of Columbia have signed the agreement.

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