A report from Democratic lawmakers alleges that tax-prep companies shared people's income and other sensitive data with big tech firms.
The lawmakers, who include Senators Elizabeth Warren, D.-Massachusetts and Bernie Sanders, I.-Vermont, said they investigated H&R Block, TaxAct and TaxSlayer after alast year alleged that companies were using code that funneled data including users' income and tax refund amount to Meta.
Sharing such taxpayer information without their consent is a"breach of taxpayer privacy by tax prep companies and by Big Tech firms that appeared to violate taxpayers' rights and may have violated taxpayer privacy law," the lawmakers added. In an email to CBS MoneyWatch, H&R Block said it"takes protecting our clients' privacy very seriously, and we have taken steps to prevent the sharing of information via pixels."
Preparing and filing taxes is big business in the U.S., with Americans spending an average of $250 and 13 hours each filing their annual returns, the lawmakers noted. While free tax prep is offered for people who earn less than $73,000 annually, only about 4% of Americans actually use the free service, they added.
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