The settlement agreement covers users who used TurboTax in 2016, 2017 or 2018. If you are one of the affected users you will receive about $30 for each of those years in which your income was $34,000 or less and in which you started in the Free Edition and were upgraded to a paid version of the software.
"Covered Consumer" means any individual, or individuals if a joint return was filed, who in Tax Years 2016, 2017, or 2018 was (1) eligible to use an Intuit IRS Free File Product; (2) began his or her tax returns using a TurboTax Free Edition Product; (3) was informed that he or she was ineligible to use a TurboTax Free Edition Product; (4) subsequently paid to use a TurboTax Paid Product, and (5) had not used the Intuit IRS Free File Product in a previous tax year.
You do not have to “sign up” or get on a list. The payments will be sent out automatically to the affected users. We do not know yet how soon the payments will be sent.
@mini4mike - the timing of the payouts are not controlled by Intuit - rather that is controlled by the Attorneys Generals in each state. As an example, this is what the State of NY has published:
How will the consumer receive money from the settlement?
Restitution will be distributed to eligible consumers automatically by a professional third-party fund administrator. Consumers will not have to submit a claim to receive restitution. A web site will be created with more information and contact information for the administrator.
@mini4mike - it appears this thing may still not be settled.
Prior to the 50 state AG setttlement with Intuit, the Federal Trade Commission sued Intuit over the "free" campaign.
It appears Intuit and the FTC are still arguing over whether or not what Intuit agreed to with the 50 States also satisfies what the FTC charged Intuit with. I think what is happening (I am not a lawyer) is Intuit is saying that what they agreed to with the Attorney General (and that is beyond the money settlement, it has to do with advertising going forward and what is 'free') is 'good enough' to satisfy what the FTC wanted prior to the 50 State AG Settlement, but the FTC is sayimg, "nope it is not good enough. Intuit has to agree to what we want".
The FTC will be in court in March, 2023 over this matter with Intuit per the link above.
That may be holding up the distribution of the money. I am not sure.
see page 36 of this document - it is legalese, but I think it's where the FTC is saying "nope, we do not agree":
@DoninGA - FYI
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