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  • Writer's pictureBy The Financial District

Tax Prep Firms Shared Taxpayers' Data With Met

Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over the course of at least two years, a group of congressional Democrats reported, Fatima Hussein reported for the Associated Press (AP).

Photo Insert: Highly personal and financial information about sources of taxpayers’ income, tax deductions and exemptions were allegedly made accessible to Meta as taxpayers used the tax software to prepare their taxes.



Their report urges federal agencies to investigate and potentially go to court over the wealth of information that H&R Block, TaxAct and TaxSlayer shared with the social media giant. In a letter to the heads of the IRS, the Department of Justice, the Federal Trade Commission and the IRS watchdog, seven lawmakers say their findings “reveal a shocking breach of taxpayer privacy by tax prep companies and by Big Tech firms.”


Their report said highly personal and financial information about sources of taxpayers’ income, tax deductions and exemptions were made accessible to Meta as taxpayers used the tax software to prepare their taxes.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

That data came to Meta through its Pixel code, which the tax firms installed on their websites to gather information on how to improve their own marketing campaigns. In exchange, Meta was able to access the data to write targeted algorithms for its own users.





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