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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]
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For tax year 2024, filers with incomes of $79,000 and below can take advantage of the guided tax preparation option and file a federal return electronically for free via an IRS partner site.
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