TurboTax is an American tax preparation software package developed by Michael A. Chipman of Chipsoft in the mid-1980s. Intuit acquired Chipsoft, 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 creating its own online system of tax filing. 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.


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Wednesday, November 27, 2019 The Zacks Research Daily presents the best research output of our...

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This holiday season, donate to charity and give yourself the gift of an attractive tax break. Taxpayers in search of last-minute savings can give...

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Press release content from Business Wire. The AP news staff was not involved in its creation.

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