Bloomberg Tax
May 4, 2022, 3:09 PM

TurboTax in $141 Million Pact Over Claim of Duping Taxpayers (1)

Erik Larson
Erik Larson
Bloomberg News

TurboTax owner Intuit Inc. agreed to pay all 50 U.S. states a total of $141 million to resolve claims that the online tax preparer duped low-income Americans into paying for services that should have been free.

Under the settlement, Intuit will also suspend TurboTax’s “free, free, free” advertising campaign, which lured customers with promises of cost-free tax preparation only to direct them to profitable options, New York Attorney General Letitia James, who led the states’ probe, said in a statement Wednesday.

“For years, Intuit misled the most vulnerable among us to make a profit,” James said in the statement. ...

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