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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.
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]
As of the 2021 tax filing season, the two most used tax-filing software programs (TurboTax and H&R Block) no longer participate in the Free File program. With the two largest members of the Free File Alliance ending their participation in the Free File Program, there have been renewed calls for the IRS to develop and offer its own free tax ...
In July 2021, Intuit announced that its TurboTax product would no longer participate in the Free File Program effective as of the 2021 tax season. [14] For tax-filing season 2023, seven tax software companies are participating in the Free File Program. For tax-filing season 2024, the IRS announced a pilot of Direct File, where people can ...
Tax filers who qualify for TurboTax Free Edition, Nolan said, can file at no cost, well beyond the mobile app offer’s Feb. 18 deadline. Free for many — but not all.
TurboTax is an e-filing pioneer whose name — and its backing from Intuit’s powerhouse technology — is synonymous with online tax preparation in millions of households.
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