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In 2020, for example, approximately two-thirds of tax filers could not use TurboTax’s free product, the FTC said in the release at the time. ... Intuit, the maker of TurboTax tax filing software ...
U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and ...
On March 29, 2022, the Federal Trade Commission announced that they would take legal action against Intuit, the parent company of TurboTax in response to deceptive advertising of its free tax filing products. The commission reported that the majority of tax filers cannot use any of TurboTax's free products which were advertised, claiming that ...
According to the FTC, approximately two-thirds of tax filers could not use TurboTax’s free product in 2020. Intuit issued a statement claiming no wrongdoing. TurboTax products sit on display at ...
The IRS Free File program is a compromise between the IRS and for-profit tax software companies that enables lower and middle-income filers to file their taxes for free while ensuring the IRS does not develop its own free-to-use tax software that would compete with private, for-profit tax software companies. Free File Alliance is a 501(c)(4 ...
The maker of the popular TurboTax tax filing software said it would immediately appeal the decision. Intuit shares closed up 1.4% at $630.61 on Monday. US FTC bars TurboTax maker Intuit from ...