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TurboTax. TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. [ 1] TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993. [ 2][ 3]
Free Edition. The TurboTax Free Edition is appropriate for filers with simple tax returns. It covers W-2 income, the Earned Income Tax Credit (EITC) and child tax credits. True to its name, it’s ...
Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and ...
For-profit tax preparation companies such as Intuit, the developer of TurboTax, have lobbied for at least 20 years to prevent the IRS from offering return-free filing, simpler returns, or its own free electronic filing portal. [8] [9] Between 2013 and 2020, Intuit and H&R Block have each spent at least $2 million annually on lobbying. [10] [11 ...
Loaded 0%. Need to find your adjusted gross income (AGI) from last year? Learn how to find last year's AGI using TurboTax Online by watching this helpful TurboTax Support video.
As mentioned previously, TurboTax used to participate in the IRS Free File program but has opted out as of July 2021. TurboTax isn’t the first or only big name in tax preparation to opt out, though.
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File accurate tax returns electronically with Intuit TurboTax.