3 ms·

$2.5M is a remarkably low percentage. If this means that 98% of the fine actually goes back to consumers, that's better than I've ever heard of from a class ac

$2.5M is a remarkably low percentage. If this means that 98% of the fine actually goes back to consumers, that's better than I've ever heard of from a class action lawsuit.

electric_mayhem 4y ago
lol at 140 million going to consumers. That’s going to be like $1 per person per year they used the service
- s3p 4y ago
  Per the article, it's $30 per person per year.
- ezfe 4y ago
  It's not everyone who used TurboTax, just people use use the Free Edition which is what this lawsuit is about.
  - spiderice 4y ago
    Not sure I understand.. if they used the Free Edition, shouldn't they not have paid anything? I'm guessing that is the crux of the issue, but I guess I always assumed Turbo Tax got you started on the Free Edition then tried to upsell you. Sounds like they charge you money while keeping you on the Free Edition?
    - ezfe 4y ago
      The Free Edition doesn't support most use cases so it's not really free. According to the article, iirc, it supports less than a quarter of tax returns.
- smachiz 4y ago
  smh, couldn't even read a press release: >nder the agreement, Intuit will provide restitution to nearly 4.4 million consumers who started using TurboTax’s Free Edition for tax years 2016 through 2018 and were told that they had to pay to file even though they were eligible to file for free using the IRS Free File program offered through TurboTax. Consumers are expected to receive a direct payment of approximately $30 for each year that they were deceived into paying for filing services. Impacted consumers will automatically receive notices and a check by mail. $30/year per person who shouldn't have paid TurboTax is not nothing.... especially for people who would have qualified for the free filing program. Getting $60 back is a pretty good day for them. That's a days work at minimum wage.
goldcd 4y ago
"Class action lawsuits" are a weirdly American thing as well. Bit like short-sellers. Ideally government/state would enforce fair play - but instead it's left to private enterprise (financiers and lawyers) to patrol, for the potentially ridiculous returns that can make for wrong-doing. Makes me think of old "Wanted Posters", just for "Wrongdoers" and the reward being "Ridiculous" Does also make me wonder how much blackmail goes on, unnoticed. There must be more than a few "reports" that got bought be a company for a large consultancy fee..
paxys 4y ago
That's because this wasn't a class action suit, but litigated by the state AG.

$2.5M is a remarkably low percentage. If this means that 98% of the fine actually goes back to consumers, that's better than I've ever heard of from a class action lawsuit.

electric_mayhem 4y ago

lol at 140 million going to consumers. That’s going to be like $1 per person per year they used the service

s3p 4y ago
Per the article, it's $30 per person per year.
ezfe 4y ago
It's not everyone who used TurboTax, just people use use the Free Edition which is what this lawsuit is about.
- spiderice 4y ago
  Not sure I understand.. if they used the Free Edition, shouldn't they not have paid anything? I'm guessing that is the crux of the issue, but I guess I always assumed Turbo Tax got you started on the Free Edition then tried to upsell you. Sounds like they charge you money while keeping you on the Free Edition?
  - ezfe 4y ago
    The Free Edition doesn't support most use cases so it's not really free. According to the article, iirc, it supports less than a quarter of tax returns.
smachiz 4y ago
smh, couldn't even read a press release: >nder the agreement, Intuit will provide restitution to nearly 4.4 million consumers who started using TurboTax’s Free Edition for tax years 2016 through 2018 and were told that they had to pay to file even though they were eligible to file for free using the IRS Free File program offered through TurboTax. Consumers are expected to receive a direct payment of approximately $30 for each year that they were deceived into paying for filing services. Impacted consumers will automatically receive notices and a check by mail. $30/year per person who shouldn't have paid TurboTax is not nothing.... especially for people who would have qualified for the free filing program. Getting $60 back is a pretty good day for them. That's a days work at minimum wage.

goldcd 4y ago

"Class action lawsuits" are a weirdly American thing as well. Bit like short-sellers. Ideally government/state would enforce fair play - but instead it's left to private enterprise (financiers and lawyers) to patrol, for the potentially ridiculous returns that can make for wrong-doing. Makes me think of old "Wanted Posters", just for "Wrongdoers" and the reward being "Ridiculous" Does also make me wonder how much blackmail goes on, unnoticed. There must be more than a few "reports" that got bought be a company for a large consultancy fee..

paxys 4y ago

That's because this wasn't a class action suit, but litigated by the state AG.