TurboTax customers to receive checks for $141M settlement
In a settlement agreement last year, TurboTaxโs owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns โ despite being eligible for free, federally-supported tax services.
Stimulus checks: TurboTax says IRS error fixed, payments to begin Friday
(AP Photo/Eric Gay, File)An IRS error has kept the second round of stimulus checks from getting to some TurboTax customers -- but now the company says the error has been corrected. TurboTax posted a message Friday morning:"We are happy to share that stimulus payments will begin to be deposited on January 8th for millions of our customers affected by the IRS error. We have been working tirelessly with the Treasury and IRS to get stimulus payments to our customers. We know how important these funds are for so many Americans and we regret that an IRS error caused a delay. Click here to check the status of your stimulus check
Some taxpayers find relief payments sent to wrong account
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. Some payments are also being sent via paper check or debit cards during the month of January. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. โWe are partnering with the IRS to help taxpayers receive their payments as quickly as possible." The payments are automatic, and people should not contact their financial institutions or the IRS with payment timing questions.