The Federal Trade Commission claims Intuit uses “bait and switch” advertising that markets TurboTax as free but charges most users when they file their taxes.
Businesses Oppose Florida's ‘Don't Say Gay' Bill Banning Discussion of LGTBQ Issues in Public Schools
Kerry McLean, executive vice president and general counsel of Intuit, said the agency's arguments"simply aren't credible." "Far from steering taxpayers away from free tax preparation offerings, our free advertising campaigns have led to more Americans filing their taxes for free than ever before and have been central to raising awareness of free tax prep," McLean said in a written statement.
That definition changes from year to year; for tax-year 2021, Intuit refers to a simple return as one that can be filed on a Form 1040 with limited attached schedules, like one that includes student-loan interest paid, the FTC said."In truth, TurboTax is only free for some users, based on the tax forms they need," according to the FTC lawsuit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC sues Intuit to stop ‘bait-and-switch’ TurboTax adsThe consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option.
Read more »
FTC sues Intuit to stop ‘bait-and-switch’ TurboTax adsThe consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option.
Read more »
Aurora Moves Closer To Becoming First City in Colorado To Make Diapers Tax FreeAurora councilmembers voted 6-4 Monday night to amend a city code, exempting diapers from sales and use tax.
Read more »
Small businesses face tax headaches on top of pandemic woesTax season can be complicated for everyone, but as the April 18 filing deadline looms, small-business owners, contractors, entrepreneurs and others face a raft of changing rules and regulations.
Read more »
NFL owners not likely to make as much news as free agencyThe 32 NFL team owners will deal with some significant issues at their meetings this week in Florida.
Read more »
Democrats Seek to Break Stalemate on Biden Nominees for FTC and FCCRepublicans have blocked appointments of Alvaro Bedoya and Gigi Sohn, leading Senate Democrats to try for an end run.
Read more »