Terms of Service

Acceptance

By creating an account or using Pennyweight, you agree to these Terms of Service ("Terms") and to our Privacy Policy. If you do not agree, do not use the service.

The service

Pennyweight is a personal finance application provided by Pennyweight LLC ("Pennyweight"), a Delaware limited liability company. Pennyweight is not a bank, broker-dealer, investment advisor, money transmitter, or tax preparer. We do not provide financial, investment, legal, or tax advice. The service may change materially, be temporarily unavailable, or have features added or removed.

AI features

Pennyweight uses artificial intelligence, and is designed to be used through AI assistants you choose to connect (for example Claude, ChatGPT, or another client using the Model Context Protocol). AI features include categorizing transactions; answering questions about your accounts; preparing reports, tax summaries, and estimates; reading documents you upload; tracking deadlines, campaigns, and their steps; and assembling packages of files and instructions that you share with other people. In these Terms, "output" means anything the service or a connected AI assistant produces, including figures, categories, summaries, findings, deadlines, extracted document data, instruction sheets, and packages. Output is generated automatically and may be inaccurate, incomplete, or out of date. Output is informational and should not be relied upon as professional financial, legal, tax, or investment advice. You are responsible for verifying any output you choose to act on.

No guarantee of results

We work to make Pennyweight accurate, but we do not guarantee any result. We do not promise that any output — whether it comes from Pennyweight or from an AI assistant you connect — is accurate, complete, current, or right for your situation. This includes:

• tax figures and results, such as summaries, deductions, profit, estimated payments, and lists of payees who may need a 1099 or other information return;
• financial reports, balances, totals, budgets, and categorizations;
• compliance findings and suggestions, and anything they miss;
• deadlines and due dates, including whether any extension, postponement, or relief applies to you, and whether a reminder or alert arrives on time or at all;
• information read from documents you upload;
• the contents of any package, instruction sheet, or other material you share with someone else.

Descriptions of the service on our website, in the app, in AI output, or in notes shown beside results (for example, that the work is mostly accurate) describe the service in general. Labels the service attaches to results, such as "verified" or "inferred", describe how a result was checked, not a guarantee that it is correct. None of these are warranties or promises about any particular result, and none of them change these Terms.

Not a professional adviser; tax returns you file

Pennyweight is not a certified public accountant, enrolled agent, attorney, or registered investment or financial adviser. Using the service does not create an accountant–client, attorney–client, fiduciary, or other professional relationship between you and Pennyweight.

Pennyweight and an AI assistant you connect may help you prepare tax returns, forms, schedules, and supporting worksheets, including draft returns produced by the service. Any such draft is output under these Terms. You review it, you decide whether to use it, and you sign and file it yourself or through a professional you choose. Pennyweight does not sign or file any return and does not submit any form or payment on your behalf, and a return you file is your return. We recommend that a qualified tax professional review your final numbers before you file anything.

Early-access and invite-only features

Some features, including tax return preparation, may be offered only to invited users, in early access, or for a limited time. We decide who can use them and may change, limit, or withdraw them at any time. Everything in these Terms about output, accuracy, your responsibilities, and limits on our liability applies to these features in full. They may be less tested than the rest of the service, so review their output with extra care.

AI assistants and other third-party services

An AI assistant or other client you connect to Pennyweight is a third-party service. It is provided under its maker's own terms and privacy policy, not these Terms. We provide it with information and instructions through the service, but we do not control how it uses them or what it tells you. It may misread, misstate, or invent information, including information it says came from Pennyweight, and it acts on the instructions you give it. You choose which assistant to connect and what access to grant it, and actions it takes through that access are activity under your account. We are not responsible for a third-party assistant's output or conduct.

Your responsibilities

As between you and Pennyweight, you are solely responsible for:

• reviewing output before you rely on it;
• every return, form, filing, payment, election, and other submission you make, or that anyone makes for you, to a tax authority, government agency, lender, insurer, or anyone else, including its accuracy, completeness, and timeliness;
• every financial, tax, legal, and business decision you make;
• what you choose to share with other people, including through packages and share links, and the accuracy of what you share.

Packages you share

A package you create, including its files and instruction sheet, is your communication to the people you send it to, even when an AI assistant helped put it together. The share page tells recipients that AI may have been involved and that they should check the contents. Anyone who has the link can open the package until it expires or you revoke it. Recipients are not parties to these Terms and are not third-party beneficiaries of them, and we make no promise to any recipient about a package's contents. As between you and Pennyweight, you are responsible for a recipient's use of, and reliance on, a package you shared.

Eligibility

You must be at least 18 years old and capable of forming a binding contract under applicable law to use Pennyweight. By registering, you represent that you meet these requirements.

Your account

You are responsible for the security of your account credentials and for all activity that occurs under your account. Notify us immediately at security@pennyweight.ai if you suspect unauthorized access. You may close your account at any time through the app or by emailing privacy@pennyweight.ai.

Linked financial accounts

Pennyweight uses Plaid Inc. to read transaction and balance data from financial institutions you choose to connect. By linking an account, you authorize us, through Plaid, to retrieve that data on your behalf. You may disconnect any institution at any time; doing so stops future data retrieval through Plaid for that institution. Previously collected data is handled per our Privacy Policy. You represent that you own or are authorized to access every account you link.

Acceptable use

You agree not to:

• Use the service for any unlawful purpose, or in violation of applicable laws or regulations
• Attempt to gain unauthorized access to the service, other users' accounts, or our systems
• Probe, scan, or test the vulnerability of the service except under a coordinated security disclosure to security@pennyweight.ai
• Reverse-engineer, scrape, or otherwise extract our software or service except as permitted by law
• Use the service to harass, defraud, or impersonate any person

Fees and subscription terms

Pennyweight costs $7.99 per month or $69.99 per year, in U.S. dollars. Every new account starts with a 180-day free trial. No credit card is required to start the trial, and we do not charge you when it ends — you choose a plan and enter payment details yourself if you want to keep full access.

Automatic renewal — please read

• Your subscription renews automatically. A monthly plan renews every month and a yearly plan renews every year, and the card on file is charged each time, until you cancel.
• You can cancel at any time in the Pennyweight web app under Settings → Billing. Cancellation takes effect at the end of the period you have already paid for, and you keep access until then. You may also cancel by emailing hello@pennyweight.ai.
• Cancelling never deletes your data. After a subscription ends you keep read access to your ledger and you can export everything in it.
• Price changes take effect no sooner than 30 days after we notify you by email, and never within a period you have already paid for. If you do not accept a new price, cancel before it takes effect.

Refunds

Payments are non-refundable. The free trial is the time to decide whether Pennyweight is for you. You can cancel at any time and keep access until the end of the period you have paid for.

Taxes are added where we are required to collect them. If a payment fails, we may retry it and may suspend paid features until the balance is settled.

Intellectual property

The Pennyweight name, logo, software, and content are the property of Pennyweight LLC and are protected by U.S. and international intellectual-property laws. These Terms grant you a limited, non-exclusive, non-transferable license to use the service for your own finances, including the books of a business or other entity you own or are authorized to manage.

Disclaimer

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT ANY OUTPUT (INCLUDING AI OUTPUT, OUTPUT OF AN AI ASSISTANT YOU CONNECT, TAX FIGURES, DEADLINES, AND PACKAGES) WILL BE ACCURATE, COMPLETE, CURRENT, OR FIT FOR ANY FILING OR DECISION. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO SOME OF THESE EXCLUSIONS MAY NOT APPLY TO YOU.

Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, PENNYWEIGHT LLC AND ITS OFFICERS, EMPLOYEES, AND AGENTS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR LOSS OF PROFITS, REVENUE, DATA, OR GOODWILL, ARISING OUT OF OR RELATED TO YOUR USE OF THE SERVICE. OUR TOTAL LIABILITY FOR ANY CLAIM ARISING OUT OF THESE TERMS WILL NOT EXCEED THE GREATER OF (A) THE AMOUNTS YOU PAID US IN THE TWELVE MONTHS BEFORE THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS.

WITHOUT LIMITING THE ABOVE, AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, PENNYWEIGHT LLC WILL NOT BE LIABLE FOR ANY TAX, PENALTY, INTEREST, ADDITION TO TAX, ASSESSMENT, FEE, MISSED DEADLINE, REJECTED OR AMENDED FILING, LOST DEDUCTION, CREDIT, OR REFUND, OR ANY DECISION MADE OR LOSS SUFFERED BY YOU OR ANYONE ELSE, TO THE EXTENT IT ARISES FROM USE OF OR RELIANCE ON OUTPUT OF THE SERVICE, OUTPUT OF AN AI ASSISTANT YOU CONNECT, OR A PACKAGE YOU SHARED. THESE LIMITS APPLY WHATEVER THE LEGAL THEORY (CONTRACT, TORT, NEGLIGENCE, OR OTHERWISE) AND EVEN IF WE WERE TOLD SUCH DAMAGES WERE POSSIBLE.

Some jurisdictions do not allow certain limits on liability, so some of these limits may not apply to you. Nothing in these Terms limits liability that cannot be limited under applicable law, including liability for our fraud, gross negligence, or willful misconduct, or takes away rights you have under consumer-protection law that cannot be waived by contract.

Indemnification

You agree to indemnify and hold Pennyweight LLC harmless from any claim, loss, or expense (including reasonable attorneys' fees) arising from your violation of these Terms; your misuse of the service; any return, filing, payment, or other submission you make or have made for you; or any package or other material you share with someone else, including any recipient's reliance on it. This does not apply to the extent the claim, loss, or expense was caused by our own fraud, gross negligence, or willful misconduct.

Termination

We may suspend or terminate your access to the service if you breach these Terms or use the service in a way that puts the service or its users at risk. You may terminate your account at any time. Sections that by their nature should survive termination will do so.

Governing law

These Terms are governed by the laws of the State of Delaware, without regard to its conflict-of-laws principles. Any dispute will be brought exclusively in the state or federal courts located in Delaware, and you consent to personal jurisdiction there.

Severability

If any part of these Terms is found unenforceable, that part will be enforced to the maximum extent permitted and limited only as far as necessary, and the rest of these Terms will remain in full effect. Our not enforcing a part of these Terms is not a waiver of it.

Changes to these Terms

We may update these Terms from time to time. Material changes will be communicated through the app or by email at least 30 days before they take effect. Continued use after the effective date constitutes acceptance.

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