The tax software company will issue $90 to each of the millions of Americans who will receive a settlement.
A three-year investigation by state attorneys general led to a legal case after they discovered that Intuit had tricked millions of people into paying for tax preparation.
To be eligible to use Free File, tax preparers needed to make an income less than $34,000.
James said that for years, Intuit misled the most vulnerable among us to make a profit.
The company didn't have to admit to any wrongdoing.
The deceptive marketing practices that took place before 2016 cannot be pursued in litigation against the company because of the statute of limitations.
The software provider is facing legal battles over its deceptive marketing practices.
The settlement with the state attorneys general and the District of Columbia addresses the issues at the core of the FTC litigation, which makes the lawsuit unnecessary.
Customers will be paid millions of dollars for being tricked into paying for TurboTax.
In the Matter of (TurboTax) is a company by the name of Intuit Inc.