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Senator Elizabeth Warren Calls for FTC Action Against TurboTax's 'Junk Fees'

As the tax deadline approaches, Senator Warren highlights the misleading practices of TurboTax, urging the FTC to enhance consumer protections.

  • Senator Elizabeth Warren criticizes TurboTax for misleading tax filers with unnecessary 'junk fees' and aggressive upselling tactics.
  • Warren's letter to the FTC details how TurboTax diverts users from free services, charging $133 for simple tax returns that could be filed for free.
  • The FTC had previously banned TurboTax from falsely advertising free services, a rule stemming from a settlement where Intuit paid $141 million for misleading claims.
  • Warren supports the IRS's Direct File system, currently in a pilot program in 13 states, which offers automatic and free tax return processing.
  • Intuit continues to challenge FTC regulations and oppose the IRS Direct File program, despite ongoing legal pressures.
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