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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]
To prepare and file your tax returns through TurboTax, you’ll pay a fee for the filing program or software, plus additional fees to file your state return. Here’s how that looks: DIY online ...
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 ...
Certain tax filing software, such as TurboTax, will simultaneously file state tax returns using information filled in on the 1040 form. [50] The federal government allows individuals to deduct their state income tax or their state sales tax from their federal tax through Schedule A of Form 1040, but not both. [51]
File accurate tax returns electronically with Intuit TurboTax.
A “return being processed” status means the IRS has your tax return, and your paper check, direct deposit or e-return is hopefully on the way. ... These include filing your return online ...
An electronically-filed return with a timely electronic postmark is timely filed, provided that the return is filed in the manner prescribed for electronic returns. An electronic postmark is a record of the date and time, in the taxpayer's time zone, that an authorized electronic return transmitter receives the e-filed document on its host system.
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.
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