@MEActNOW
Awesomeness. Which means they’ll expand it to more states. Meanwhile #gop is going to bitch whine moan kick scream holler about their corporate overlords not getting returns on those lobbying dollars from #intuit#turbotax#hrblock#taxact etc.
why is it that #turbotax takes like a good 70% of your tax return as payment for there services? like, I was supposed to get 424 bucks in my return, but nope, because I went with Turbotax, I am only getting $191 back from my return because I had to pay for there services.
The annual tax season reminder from @ProPublica that Intuit's #TurboTax is largely a scam, and aggressively lobbies against the interests of US taxpayers.
> Millions of Americans can now access free tax returns
''Currently, eligible citizens in California, Arizona, Florida, Massachusetts, New Hampshire, Nevada, New York, South Dakota, Tennessee, Texas, Washington and Wyoming can use Direct File''
my biggest complaint about AI is we didn’t ask for it. zero popular movements took to the streets to demand AI. no one sat around kitchen tables lamenting how hard life is without AI.
what people want is health care, housing, climate change solutions, etc We sit around kitchen tables wondering how to pay for college, get loved ones the psych and addiction support they need, or help the people on our streets who need homes
@cairobraga@mike805@seachanger However, U.S. tax law is so intentionally esoteric (specifically so that rich people don't have to pay taxes) that many people don't feel confident enough to fill out and submit Form 1040 themselves.
It also doesn't help that tax-preparation services, such as #TurboTax and #HRBlock, spend significant amounts of money to openly #bribe politicians and civil servants in order to keep the tax code complicated.
I am not promoter of the NYTimes in general, but this opinion video they just put out about filing #taxes is on point.
Let this serve as my annual reminder that #Intuit is not your friend and that #TurboTax is a scam. The US tax filing system is broken and we should not be playing guessing games with the IRS every tax season.
The federal agency, after an investigation prompted by ProPublica’s reporting, blasted #Intuit for misleading customers about its “free” tax-filing program and directed the company to take specific steps to fix its ads.
In my column this week, I talk about the ... paradox ... of #Intuit (maker of #TurboTax) seeking $94m in research tax credits while simultaneously doing everything in its power to drown the IRS Direct File initiative.
When it comes to #tax prep, public funds are being spent to undermine the expenditure of other public funds. Guess who the losers are?
Bitch, I still have another whole ass month before I know for sure what I actually made in 2023! And if it's like any other year I'm probably not getting my W2s until President's Day... #TurboTax#Tax#SaaS#ThanksIHateIt
Once, workers had "#DefinedBenefitsPensions," where employers promised to pay a certain amount every year from retirement to death. #JimmyCarter swapped that out for #401Ks, "market" pensions where you have to guess which stocks will be valuable or starve in your old age:
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
More recently, #Intuit and other scammy #TaxPrep services have argued against the #IRS's plan to offer free tax preparation as bad for Black and brown people, because it will deny them the chance to be deceived and ripped off with #TurboTax:
Today's key concept is #PredatoryInclusion: "a process wherein lenders and financial actors offer needed services to Black households but on exploitative terms that limit or eliminate their long-term benefits":
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
But in America, taxpayers spend billions every year to send forms to the #IRS that tell it things it already knows. To make this ripoff seem fair, the hyper-concentrated tax-prep industry, led by the Intuit, creators of #Turbotax, pretended to create a program to provide free tax-prep to working people.
This program was called #FreeFile, and it was a scam.
#TurboTax Parent Company's Latest Argument Against Free Tax Filing: It Will Harm #Black Taxpayers
Articles published around the country repeat Intuit’s assertion — sometimes almost word for word — that the upcoming #IRS pilot program would hurt Black Americans.
A researcher whose work is cited by #Intuit says the company is misstating her findings.
@BrideOfLinux@glynmoody To me it’s incomprehensible that it can cost money for ordinary people to file one’s taxes! How come people put up with this? #TurboTax#IRS#USA
Deleted my mint.com account today, recommend anyone else do the same along with Turbo Tax.
Forgot I had it, they stopped working with Fidelity accounts a good while ago. They're owned by Turbo Tax who is pretty much literally why the IRS doesn't just send you a bill automatically.
Good, IRS enforcement will make these tax evaders pay their fair share +collect overdue taxes, penalties, fines, interest...: The IRS is focusing on a specific kind of corporate fraud -contractors issuing 1099s *actually don't exist, virtual currency/foreign bank: compliance/assets/income, partnerships/passthroughs: compliance, discrepancies...
You know, this article regarding the IRS using AI for enforcement caused me to wonder if #TurboTax is selling its (our) data to the AI companies. Wouldn't surprise me.
A Federal Trade Commission judge ruled this week that #TurboTax parent company Intuit deceived consumers when it ran ads for “free” tax products for which many consumers were ineligible.
The #FTC began investigating TurboTax in 2019 in response to ProPublica's ongoing TurboTax Trap series, which detailed the ways #Intuit has kept taxpayers from accessing free & easy #tax filing:
Filing your taxes could be free starting this year. The IRS is running a direct-file pilot program. The goal is to make companies like TurboTax obsolete through a system where your taxes are filled out for you. But tax prep companies are spending millions to block them....
[Analysis] This Is How We Finally Kill Turbotax (www.youtube.com)
Filing your taxes could be free starting this year. The IRS is running a direct-file pilot program. The goal is to make companies like TurboTax obsolete through a system where your taxes are filled out for you. But tax prep companies are spending millions to block them....