The Intuit multistate settlement is about Intuit recently reaching a settlement worth $141 million.
Due to allegations of misleading its customers into paying for tax services purported to be free.
The settlement was reached with several state attorneys general in May 2022.
As part of the settlement, Intuit agreed to pay restitution to millions of consumers.
Those consumers include people who used its TurboTax Free Edition for tax years 2016 through 2018.
Continue reading the article to discover more about Intuit Multistate settlement and eligibility to claim the settlement.
Table of Contents Show
What Is Intuit MultiState Settlement Administrator?
The Intuit multistate settlement administrator is a third-party organization.
They are responsible for administering the distribution of funds to eligible consumers as part of a settlement agreement worth $141 million.
This agreement was reached between Intuit, the parent Company of TurboTax, and the attorneys general of all 50 states and the District of Columbia.
Who Will Supervise The Intuit Multistate Settlement?
An external administrator has been assigned to supervise the settlement proceedings.
The administrator is responsible for identifying and notifying eligible consumers, processing claims, and distributing restitution payments.
Eligible consumers can take action to receive their payment.
The administrator will contact eligible consumers via mail or email with instructions on submitting a claim and receiving payment.
To receive restitution, consumers must have paid Intuit to file their federal tax returns with TurboTax for 2016, 2017, and 2018.
Who Is Eligible For Intuit Multistate Settlement?
Consumers eligible for the Intuit Multisate settlement do not need to file taxes using TurboTax’s Free Edition.
However, they must also be eligible to file for free through the IRS Free File Program.
Even those who upgraded to a paid version of TurboTax after starting with the Free Edition are still eligible for restitution.
If you think you might be eligible for Intuit Multistate settlement but haven’t been notified by the administrator.
In that case, you can visit the settlement website to confirm your eligibility and file a claim.
However, remember to submit your claims before the deadline specified in the notification, which is usually several months after the date of the notification.
Don’t wait until the last minute to avoid missing out on potential benefits.
Furthermore, consumers must provide their name, contact information, and any relevant documentation, such as proof of payment to Intuit for TurboTax services.
Depending on the consumer’s preference, the administrator will distribute restitution payments via check or direct deposit.
The payment amount will depend on several factors, including the amount paid by the consumer to Intuit for TurboTax services and the total number of eligible claims submitted.
If you receive a restitution payment, you must report it as taxable income on your federal income tax return.
It’s essential to be aware of this to accurately report your income and avoid potential legal or financial issues.
The Bottom Line
If you believe you may be eligible for restitution, you should wait for a notification from the Intuit multistate settlement administrator.
Still, you can also check your eligibility and submit a claim by visiting the settlement website.
The administrator will distribute restitution payments; consumers should know they are taxable income.
If you have questions about the settlement process or your eligibility for restitution, you should contact the administrator directly.
