The Intuit multistate settlement payout amount was $141 million. Eligible consumers received checks in the mail automatically, without needing to file a claim, with most consumers expected to receive between $29 and $30.
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Intuit Multi-State Settlement Payout Date
The timeline for receiving payouts from the Intuit Multi-State Settlement varies depending on the method of receiving the funds. Original checks were sent out in May 2023 to those who were notified and didn’t require a reissue.
However, for those who missed the original distribution or required a reissue, the deadline for reissue requests has passed. As of March 2024, the distribution process has shifted towards distributing uncashed checks electronically via PayPal or Venmo for most states.
This electronic distribution process typically takes between 30 to 60 days to complete, providing an alternative means for recipients to access their funds.
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Intuit TurboTax Settlement Amount
The Intuit TurboTax settlement aimed to compensate consumers who were misled into paying for tax filing services that should have been free through the IRS Free File Program during tax years 2016, 2017, and 2018.
- Total Settlement: $141 million
- Individual Payouts:
- Most Consumers: Expected to receive between $29 and $30
- Maximum: Up to $85 (possible for those who filed for all three tax years covered by the settlement)
- Factors Affecting Amount:
- Number of tax years you used TurboTax (2016, 2017, or 2018)
- Original Method (May 2023): Paper checks mailed to eligible recipients.
- Current Method (Most States, After May 2023): Uncashed checks distributed electronically via PayPal or Venmo (30-60 day processing timeframe).
What to expect now regarding Intuit TurboTax settlement payout?
The distribution of the Intuit TurboTax settlement funds has progressed through different stages.
- Received a Check in May 2023: If you received a notification and successfully cashed your check in May 2023, you don’t need to take any further action.
- Didn’t Receive a Check or Missed the Reissue Deadline: The deadline to request a check reissue has unfortunately passed. However, there’s still a chance to receive your payment electronically.
Anticipating Electronic Payment (PayPal/Venmo):
- If you have a PayPal or Venmo account associated with the email address you used for filing taxes in 2016, 2017, or 2018, keep an eye on your inbox.
- You should receive an email with instructions on claiming your settlement funds electronically.
- The process of distributing uncashed checks via PayPal or Venmo might take up to 30-60 days to complete (as of March 19, 2024).
No PayPal/Venmo or No Email:
- If you don’t have a PayPal or Venmo account or haven’t received an email, the settlement administrator will attempt to contact you via the email address used during those tax years.
- The email will inform you that funds are available and provide instructions for creating a PayPal or Venmo account to receive the payment electronically.
Unclaimed Funds:
- If you are unable to accept the electronic payment within the designated time frame, the funds will be transferred to unclaimed property in the state you filed your taxes in during the relevant years.
Intuit TurboTax Settlement Payout Eligibility
Key points regarding eligibility for the Intuit TurboTax settlement payout:
- Tax Years Covered: You must have used TurboTax to file your federal tax return for one or more of these tax years: 2016, 2017, and 2018.
- Free File Eligibility: You had to have been eligible to use a free tax filing product offered through the IRS Free File Program during those years.
- Deceptive Practices: You were allegedly misled by Intuit into paying for tax preparation services that should have been free. This could involve starting with a free TurboTax product and then being steered towards a paid option.
- Automatic Notification: Eligible consumers were automatically notified by email by the settlement administrator, Rust Consulting, in 2023. They did not need to file a claim.
- If you believe you were eligible but haven’t received any notification or email, you can’t claim a payout at this time.
What to Do If I Haven’t Received Your Intuit Multi-State Settlement Payout?
Here’s what to do if I haven’t received your funds yet:
Check your email:
- Instructions on claiming your funds via PayPal or Venmo if you have a linked account with the email used for tax filing in 2016, 2017, or 2018.
- It might have arrived in the last 30-60 days, so check your spam folder too.
Visit the Official Website:
- The Intuit Multi-State Settlement Website (https://www.agturbotaxsettlement.com/) remains the most reliable source for the latest updates.
- The “Common Questions” section might answer your inquiries about the current distribution process and eligibility.
To Get The Latest Updates. Go to NCBLPC Homepage.