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TurboTax. 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.
In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military.
Tax returns in Canada refer to the obligatory forms that must be submitted to the Canada Revenue Agency (CRA) each financial year for individuals or corporations earning an income in Canada. The return paperwork reports the sum of the previous year's (January to December) taxable income, tax credits, and other information relating to those two ...
TurboTax offers both totally DIY filing options as well as an upgraded suite of DIY filing with live online help and a full service option to let the pros file for you.
Like TaxAct Free, TurboTax Free Edition is a free program to file basic federal and state tax returns. It provides a CompleteCheck review of your return to alert you to errors and omissions.
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...
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