TurboTax and H&R Block Want 'Permission to Blab Your Money Secrets'

Americans filing their taxes could face privacy threats, reports the Washington Post:"We just need your OK on a couple of things," TurboTax says as you prepare your tax return. Alarm bells should be ringing in your head at the innocuous tone. This is where America's most popular tax-prep website asks you to sign away the ironclad privacy protections of your tax return, including the details of your income, home mortgage and student loan payments. With your permission to blab your money secrets, the company earns extra income from showing you advertisements for the next three years for things like credit cards and mortgage offers targeted to your financial situation. You have the legal right to say no when TurboTax asks for your permission to "share your data" or use your tax information to "improve your experience...." The article complains that granting permission allows TurboTax to share details with "sibling" companies "such as your salary, the amount of your tax refund, whether you received a tax break for student loans and the day you printed your tax return..." "You'll see that permission request once near the beginning of the tax prep process. If you skip it then, you'll see the same screen again near the end. You'll have to say yes or no..."This is part of the corporate arms race for your personal data. Everyone including the grocery store, your apps and the manufacturer of your car are gobbling information to profit from details of your life. With TurboTax, though, you have the power to refuse to participate... TurboTax and the online tax prep service from H&R Block have been asking every year to blab your tax return. We've cautioned you about it for each of the past two tax filing seasons. (I focused only on TurboTax this year.)

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