"TurboTax's predatory and deceptive marketing cheated millions of low-income Americans who were trying to fulfill their legal duties to file their taxes," James said in a Thursday statement. The amount paid to each eligible consumer ranges from $29 to $85 – depending on the number of tax years they qualify for. They will be notified by an email from Rust Consulting, the settlement fund administrator, and receive a check automatically.Ĭhecks will be mailed starting next week, and continue through the month of May. If you're not seeing your situation covered, you can use TurboTax to get an estimate, and file there if you want to.Who is eligible for the TurboTax settlement payments?Īll 50 states and the District of Columbia signed the May 2022 settlement, which was led by James.Consumers eligible for restitution payments do not need to file a claim, the New York Attorney's General Office said Thursday. Thanks for the feedback! As you've noticed, TaxCaster is a refund estimator and doesn't have all of the possible tax situations, but the most common ones that people have. Just totally inaccurate for our situation. That single aspect can swing your tax refund in a huge way, and it’s not included in this app as far as I can tell.īeyond that, it was easy to use and the interface was pleasant. And If you are over the amount to qualify, you pay it ALL back and end up owning THOUSANDS of dollars on your tax return. Discounts are granted based off estimated AGI at the start of the year, if your AGI ends up higher at the end of the year, you have to pay back the discount at tax time. It doesn’t account for ACA healthcare (Obamacare) and federal discounts received, which was the crucial thing I needed it for. To learn how Intuit protects your privacy, please visit: You can use it to estimate your taxes, and then use TurboTax to prepare and file your taxes. NOTE: TaxCaster doesn't prepare your taxes.ğamily of apps: Navigation drawer that lets you easily switch to other Intuit apps: TurboTax, Mint and ItsDeductible.You can also override the default/change the language in the app settings. TaxCaster en Español: If your device language is set to Spanish, the app will default to the Spanish setting.ĝata transfer: If you are a new TurboTax customer, you can send your TaxCaster data over to TurboTax to pre-select questions.Adjust your paycheck withholdings so you take home more money or plan ahead so you pay less tax. Plan ahead: Run scenarios on life events like getting married, having a baby or buying a home.Know your taxes: Use an estimate from the federal income tax calculator to get a quick read on your taxes before you prepare your tax return.Up-to-date: Updated to 2022 tax laws for an accurate tax refund estimate.Send your TaxCaster data over to TurboTax to pre-select questions and start filing. Just enter some basic info and watch your refund add up.įree data transfer for new TurboTax customers. This interactive, free tax refund calculator provides quick, accurate insights into how much you will get back or owe this year.
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