Photo by Kimberly White/Getty Images for TurboTax
TurboTax, facing lower revenues following the passage of President Donald Trump’s 2017 tax law, decided to start targeting lower-income individuals with paid versions of tax filing software it used to offer for free, according to an investigation from ProPublica.
The move helped TurboTax parent company Intuit offset potential losses from the tax law, which doubled the standard deduction, or the amount you can subtract from your income before income tax sets in, and therefore made a number of users of its Deluxe version eligible for its free one.
In a ploy to keep Deluxe users paying for its service, ProPublica reports that TurboTax began moving forms it used to offer in its free version that primarily helped low-income individuals file…
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