Intuit Responds to U.S. Federal Trade Commission’s Decision And Reaffirms its Commitment to Free Tax Preparation

The U.S. Federal Trade Commission (FTC) announced that an FTC administrative law judge – an employee of the FTC – has ruled in favor of the FTC in the agency’s own lawsuit against Intuit. Intuit will appeal this groundless and seemingly predetermined decision by the FTC to rule in its own favor and is confident that when the matter ultimately returns to a neutral body Intuit will prevail, as it has previously in this matter. 

The FTC’s ruling was expected given the Commission’s flawed and highly questionable process, Chair Lina Khan’s previous public and prejudicial statements against Intuit, and the fact that the FTC has ruled in its own favor in nearly every consumer protection case for the last two decades. 

Intuit already adheres to most of the advertising practices in the FTC’s erroneous decision. There is no monetary penalty, and Intuit expects no significant impact to its business. 

Intuit has been clear, fair, and transparent with its customers and is committed to free tax preparation. We are proud that over the last 10 years more than 124 million taxpayers have filed their taxes with Intuit completely free of charge – more than all other tax prep software companies combined. 

We believe the FTC’s decision is improper, wholly ignores the facts, and tramples on the foundations of an independent American judicial system with its serving as prosecutor, judge, and jury on its own matters. 

This blog post includes forward-looking statements regarding expected impact of the recent FTC order. There are a number of factors that could cause Intuit’s results to differ materially from our expectations. You can learn more about these risks in our Form 10-K for fiscal 2023 and our other SEC filings which are available on the Investor Relations page of Intuit’s website at Intuit.com. Except as required by law, we assume no obligation to update any forward-looking statement.