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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]
As you can see, the cans and can’ts are nearly identical, but the main difference is that if your federal return is free with TurboTax, so, too, is your state return.
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...
Commercial tax preparation software, such as TurboTax, is widely used by individuals preparing their own tax returns. The Free File Alliance provides free tax preparation software for individuals with less than $72,000 of adjusted gross income for tax year 2020.
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 ...