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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]
The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
Other popular tax software includes: TaxACT at 7%, Tax Hawk (including FreeTaxUSA) at 5.9%, Credit Karma's free tax software (now owned by Intuit/TurboTax) at 1.7%, and TaxSlayer at 1.5%. [ 6 ] In some countries, the tax agency provides a prefilled return to streamline the process, but the United States has failed to adopt these technologies as ...
TurboTax This page was last edited on 6 October 2019, at 10:21 (UTC). Text is available under the Creative Commons Attribution ... Contact Wikipedia; Code of Conduct;
In 2018, TurboTax was the most popular tax preparation software in the United States, holding a 66.6% market share of self-prepared returns. H&R Block at Home (formerly TaxCut ) is the second most popular with a 14% share.
This page was last edited on 4 February 2016, at 04:21 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.
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