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TurboTax and H&R Block must make free filing services more accessible to taxpayers under new IRS agreement (INTU, HRB)

TurboTax and H&R Block must make free filing services more accessible to taxpayers under new IRS agreement (INTU, HRB)
Screenshot/Intuit



TurboTax maker Intuit, H&R Block, and other tax prep companies are now barred from hiding their free services from search results as part of a new agreement with the Internal Revenue Service.




The agreement also allows the IRS to create its own free filing service that directly competes with commercial products like TurboTax.




Previously, the IRS had promised not to compete with tax prep companies in exchange for them offering free filing services to taxpayers who earn less than $69,000 per year roughly 70% of Americans.




The new agreement, which effectively ends that deal, comes after reporting by ProPublica revealed that Intuit and H&R Block had intentionally hid their free filing services from Google.




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Intuit, H&R Block, and other major tax preparation software companies are now prohibited from hiding their free filing services from Google or other search results pages as part of a new agreement with the Internal Revenue Service.
In a press release Monday, the IRS announced several changes to a longstanding agreement with the Free File Alliance, a group of twelve tax prep companies that includes TurboTax maker Intuit and H&R Block.
Previously, the IRS had promised not to compete directly in the online tax filing marketplace in exchange for FFA companies offering free filing services to any taxpayers earning less than $69,000 approximately 100 million Americans or 70% of all taxpayers.
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