Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce.

U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed.

In a settlement agreement last year, TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns — despite being eligible for free, federally-supported tax services.

New York's attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services.

The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers.

If you are one of several people whose stimulus payment was sent to Turbo Tax or H&R Block because you’ve used them in the past to do your taxes, here is an update that might give you some relief. Turbo Tax sent out an email Friday morning letting customers know that their payments would begin to be deposited starting Jan. 8. According to both companies, the IRS sent the payments to temporary pass-through accounts that were set up in 2019 for customers of H&R Block and Turbo Tax to receive tax refunds but no one has access to those accounts anymore. If you don’t get a deposit, a debit card or a check by Jan. 15, you will likely need to claim the payment on your tax return.

A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account. The IRS and the Treasury Department began issuing the Economic Impact Payments last week of Jan. 1, 2021. (AP Photo/Eric Gay, File)A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. The IRS has said that there is no action required by eligible individuals to receive this second payment.