turbotax

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Palette turbotax

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turbotax

TurboTax is an American tax preparation software package developed by Michael A. Chipman of Chipsoft in the mid-1980s. Intuit acquired Chipsoft (now known as Intuit Consumer Tax Group), based in San Diego, in 1993. TurboTax for the Mac was originally named MacinTax, and was developed by SoftView. SoftView was in turn purchased by Chipsoft. TurboTax is one of the most commonly used income tax preparation software packages in the United States, along with its main competitors, H&R Block at Home and TaxAct.Intuit, the maker of TurboTax, has lobbied extensively against the Internal Revenue Service (IRS) creating its own online system of tax filing (in most wealthy countries, governments have simplified tax filing for its citizens, thus making software such as TurboTax unnecessary for most citizens). As part of an agreement with the IRS, TurboTax allows individuals making less than $66,000 a year to use a free version of TurboTax; a 2019 ProPublica investigation revealed that TurboTax deliberately makes this version hard to find and that it deceptively steers individuals who search for the free version to TurboTax versions that cost. TurboTax has tricked military service members to pay to use the filing software by creating and promoting a "military discount" and by making the free version hard to find when many service members are in fact eligible to use the software for free. Intuit is under investigation by multiple state attorneys general, as well as New York's Department of Financial Services.

— adopted from wikipedia, "turbotax", available under CC BY-SA License.

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