Report: Tax Prep Services Send Facebook ‘Sensitive Financial 411’

Verge report found tax preparation services send data as part of potential advertising scheme
MIAMI, FL - DECEMBER 22:  A H&R Block office is seen on the day President Donald Trump signed the Republican tax cut bill in Washington, DC  on December 22, 2017 in Miami, Florida. Kathy Pickering, vice president of regulatory affairs and executive director of The Tax Institute at H&R Block released a statement about the new tax bill saying,

At a glance

  • A recent report found that tax preparation services have been allegedly sending sensitive personal financial information to Facebook.
  • The report claimed the information “can be used by the company to power its advertising algorithms,” and is “gathered regardless of whether the person using the tax filing service has an account on Facebook or other platforms operated by its owner Meta.”
  • Companies including H&R Block, TaxSlayer, and TaxAct have allegedly been sending Facebook, “”not only information like names and email addresses but often even more detailed information, including data on users’ income, filing status, refund amounts, and dependents’ college scholarship amounts.”

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