![]() Intuit also noted that the TurboTax customers had the box at issue correctly checked for their 2018 tax returns: We expect more information will be available in the near future.” Intuit is working with the IRS to understand and resolve this issue: “We are working closely with IRS to understand why and how this would have impacted a taxpayer's eligibility to receive an economic impact payment (EIP). Why a checked box in TurboTax indicating that a spouse can be claimed as a dependent by someone else would render the taxpayer ineligible for an EIP is unclear. But the checked box at issue asks about the taxpayer's spouse. It's true that a person is ineligible for an EIP if they can be claimed by some one else as a dependent. Perhaps the bigger question is why this checked box would affect eligibility for the Economic Impact Payment (EIP). CNN Sans ™ & © 2016 Cable News Network.Why Did It Affect Stimulus Check Eligibility? Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The company responded in its statement that it’s “clear and fair with its customers, including with the nearly 100 million Americans who filed their taxes free of charge with our products over the last 8 years - more than all other tax prep software companies combined.” Today, every state in the nation is holding Intuit accountable for scamming millions of taxpayers, and we’re putting millions of dollars back into the pockets of impacted Americans.” “For years, Intuit misled the most vulnerable among us to make a profit. “Intuit cheated millions of low-income Americans out of free tax filing services they were entitled to,” James wrote in a press release. James said the tactic targeted low-income consumers in particular.įilers who used TurboTax’s Free Edition for tax years 2016 through 2018 will be mailed a check for approximately $30 for each year they were charged when they should have been able to use free services. James’ office said its investigation came after a 2019 ProPublica report accused the company of steering eligible clients away from federally supported tax filing products by making them difficult to find in web searches - instead directing them toward the paid version of the company’s filing services. (INTU) said that it “admitted no wrongdoing” as part of the agreement and it expects “minimal impact to its business” from the changes demanded in the future. The settlement, announced Wednesday by New York Attorney General Letitia James, said about 4.4 million customers were “unfairly charged.” Intuit must also suspend its “free, free, free” ad campaign because it falsely lured customers with the promise of free tax preparation services, the statement added. Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states for allegedly steering millions of low-income Americans away from free tax-filing services.
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