"Honestly, there's zero transparency with respect to tax prep fees," says Pippa Browde, a federal tax law professor at the University of Montana.
The price hikes aren't really mentioned in the TurboTax blog post listing " 6 Reasons it Pays to File Your Taxes Early."Īnd this practice isn't even abnormal for the industry, which experts say raises consumer protection issues. There is a fine-print disclaimer about how "actual prices are determined at the time of print or e-file and are subject to change without notice," but there's no publicized deadline. With roughly three weeks to go until March 1 - the date by which, going by previous years, fees will jump - TurboTax hasn't put a warning on its website about them. TurboTax has said it's intended to "encourage early filing."īut it's unclear exactly when those prices will go up in 2020. According to social media posts, the Intuit-owned brand raised its prices after MaMaMaFebruand February 28, 2019. TurboTax Online, which more than 32 million people used to file their taxes in fiscal year 2019, has a history of hiking its fees as tax season wears on. On top of that, each will have an additional $45 fee per state file (up from $40). 327.Attention, procrastinators: If you put off filing your taxes, you're probably going to pay more.Īt some point before April 15, judging from the crossed-out costs on TurboTax's Products & Pricing page, the Deluxe service will increase to $60 (up from $40), Premier will become $90 (from $70), and Self-Employed will become $120 (from $90). ^ 'TurboTax's Anti-Fraud Efforts Under Scrutiny'.^ 'Citing Tax Fraud Spike, TurboTax Suspends State E-Filings'.^ 'Intuit Cries Uncle, Will Reverse TurboTax Deluxe Changes'.
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'Intuit Offers $25 Refund To TurboTax Deluxe Users Hurt By Software Changes'.
'How the Maker of TurboTax Fought Free, Simple Tax Filing'. 'TurboTax: Americans Unaware of Obamacare's Tax Impact'.
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'Congress Is About to Ban the Government From Offering Free Online Tax Filing. (Chipsoft Inc.'s MacInTax Personal 1040 tax preparation software)'. 'Intuit, Chipsoft Agree to Merge in $225-Million Deal'. Overview īYTE in 1989 listed MacInTax as among the 'Distinction' winners of the BYTE Awards, stating that 'several of us have found to be our favorite. Intuit is under investigation by multiple state attorneys general, as well as New York's Department of Financial Services. TurboTax has tricked military service members to pay to use the filing software by creating and promoting a 'military discount' and by making the free version hard to find when many service members are in fact eligible to use the software for free. As part of an agreement with the IRS, TurboTax allows individuals making less than $66,000 a year to use a free version of TurboTax a 2019 ProPublica investigation revealed that TurboTax deliberately makes this version hard to find and that it deceptively steers individuals who search for the free version to TurboTax versions that cost. Intuit, the maker of TurboTax, has lobbied extensively against the Internal Revenue Service (IRS) creating its own online system of tax filing (in most wealthy countries, governments have simplified tax filing for its citizens, thus making software such as TurboTax unnecessary for most citizens).