Benzinga
  • last year
The FTC ruled TurboTax engaged in deceptive advertising by promoting "free" tax filing services that most customers did not qualify for. The agency banned TurboTax from advertising services as free unless they truly are free for all customers. TurboTax must also disclose terms, obligations, and the percentage of customers who qualify, if not most customers. About 4.4 million individuals were set to receive settlement checks from TurboTax after Intuit agreed to a 50-state settlement for reportedly diverting millions of low-income Americans from free tax services.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 The FTC ruled TurboTax engaged in deceptive advertising by promoting free tax filing
00:07 services that most customers did not qualify for.
00:10 The agency banned TurboTax from advertising services as free unless they truly are free
00:15 for all customers.
00:17 TurboTax must also disclose terms, obligations, and the percentage of customers who qualify,
00:22 if not most customers.
00:24 About 4.4 million individuals were set to receive settlement checks from TurboTax after
00:28 Intuit agreed to a 50-state settlement for reportedly diverting millions of low-income
00:33 Americans from free tax services.
00:34 For all things money, visit Benzinga.com.
00:36 [BLANK_AUDIO]

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