#Turbotax refund for free

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#Turbotax refund for free

To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. “Paying taxes is hard enough, so people should not also have to worry about being deceived by their tax preparers,” says New Hampshire Attorney General John Formella, in a statement. These tips could help you file your taxes for free in years to come, by giving you a reliable set of free options you can trust. Before you dive in, be sure to review the list of situations and forms that aren’t supported by the service. You can match your income and filing status to a tax preparation provider that will let you file for free.įinally, explore Cash App Taxes (formerly Credit Karma Tax), a tax prep provider that could help you file both your federal and state taxes at no cost. Next, review the partners on the IRS Free File site. It’s easier than you think, and resources abound, to help you file your taxes for free-through the IRS Free File program or a tax preparation service.įirst, do some research to help you avoid the “upgrade” trap after you’ve entered all of your tax information. How Do I File My Taxes for Free (for Real)? Notices and payments will be mailed automatically, says the release from the New York attorney general’s office. If you’re eligible to receive money from the settlement, officials say you don’t need to do anything to claim your funds. The largest possible refund is about $90, for all three tax years in question.

You would have been eligible for that program if you earned less than around $34,000 per year or were a member of the U.S. You were charged for the Free Edition *, but qualified for the no-cost version of TurboTax available through IRS Free File. You paid even though you could have filed for free.You must have used TurboTax’s Free Edition * to file your return in any of the 2016 through 2018 tax years. Here are the criteria you must meet to be eligible for a payment: (Note that the refund amount is only about half of what a person would pay for the cheapest nonfree TurboTax plan, priced at $59 a year.) The settlement will pay certain TurboTax customers roughly $30 for each tax year they paid to use the TurboTax Free Edition *, up to a maximum of three years.

The company says the agreement with the states now makes the FTC’s suit “entirely unnecessary.” There’s been no word from the regulatory agency. Separately, the Federal Trade Commission is pursuing a lawsuit against Intuit over the marketing of its free filing options. The company has agreed to pay restitution to roughly 4.4 million taxpayers and make changes to its advertising practices. Intuit has admitted no wrongdoing as part of the settlement, reached with all 50 state attorneys general and Washington, D.C. “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,” says James, in a May 4 news release. Many who were eligible for free TurboTax through the IRS program instead used the TurboTax Free Edition * and were deceived into paying, says New York Attorney General Letitia James. Why States Went After TurboTaxįor years, TurboTax parent company Intuit ran an ad campaign claiming it would help consumers do their taxes for “free, free, free.” Authorities say the ads created confusion between a free version of TurboTax that was available through the IRS Free File Program, and the company’s “TurboTax Free Edition” *-which, in fact, was free for only about one-third of U.S. If you wanted to file your taxes for free in recent years and used what you thought was a no-cost version of TurboTax *, you may be owed a chunk of the $141 million agreement. Millions of Americans will receive refunds from TurboTax because they were duped into paying for tax prep that was supposed to be free, according to a nationwide settlement announced by the New York attorney general’s office.