Federal Trade Commission bans 'deceptive advertising' for free filing from TurboTax maker Intuit
Publishing timestamp: 2024-01-23 15:04:51
Summary
The Federal Trade Commission has banned Intuit from deceptive advertising after finding that the company marketed free TurboTax software to ineligible filers. Intuit is now prohibited from advertising "free" services unless all filers can use the software for free or eligibility is clearly disclosed. This comes after a previous multistate agreement where Intuit paid $141 million to lower-income Americans who wrongly paid for the "TurboTax Free Edition" software. Intuit has appealed the decision.
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Keywords: intuit inc, internal revenue service, tax planning, tax bill, wealth, business news, personal saving, taxes, tax refunds, investment strategy, government taxation and revenue, national taxes, breaking news: investing, personal finance,
Source: https://www.cnbc.com/2024/01/23/ftc-bans-deceptive-advertising-for-free-filing-from-turbotax-.html