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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]
TurboTax: If you tally up a larger refund (or similar tax liability) with another tax preparation service, TurboTax will refund your software fee (or pay you $30 if you used the Free edition).
If you're looking to just file your federal taxes, the Deluxe version of TurboTax is on sale too. You can score it for $47.99 (31% off its regular price of 69.99). Intuit
In July 2021, TurboTax announced it would no longer participate in the IRS' Free File program. That's big news because the Free File program helps millions of low- and middle-income Americans file...
[7] [8] As of the 2021 tax filing season, TurboTax no longer participates in the Free File Alliance. [9] Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, which is the norm in developed countries. [10] [11]
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $73,000 for Tax Year 2022.
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