Tax Prep Companies’ Business Model Exploits Low-Income Payers

  • 📰 commondreams
  • ⏱ Reading Time:
  • 16 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Inequality News

Irs,Racial Inequity,Taxation

Portia Allen-Kyle is the chief of staff and interim head of external affairs at Color of Change.

How far could an extra nine hours and $150 go for you and your family? That’s how much Intuit’s TurboTax and H&R Block are taking from their average customer in low-income neighborhoods. Many of these customers don’t know that they can access these services for free—and that’s intentional.

What this actually confirms is that H&R Block preys on low-income communities and communities of color by saturating the neighborhoods of targeted EITC-eligible taxpayers. Additionally, admitting unqualified preparers have been filing taxes for an average of 10 years or more is cause for concern.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.
Source: ksatnews - 🏆 442. / 53 Read more »

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year
Source: ABC - 🏆 471. / 51 Read more »

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year. April 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the type of company, the state the taxes are filed in, and other factors.
Source: AP - 🏆 728. / 51 Read more »

Tax changes small business owners should be aware of as the tax deadline loomsApril 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the…
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Tax changes small business owners should be aware of as the tax deadline loomsAs Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year.
Source: wjxt4 - 🏆 246. / 63 Read more »