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News by FinTech Collective Archive

Tax credits to Intuit better spent to fund a free alternative to TurboTax, Warren says

Jack Storrs

January 4, 2024

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Jack Storrs

industry

Intuit Inc. is being questioned by US lawmakers who say federal tax credits the company received could have been better spent to build a free government alternative to Intuit’s popular online tax preparation software, TurboTax.

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"[Intuit's] disclosure reveals that [your] research tax break from 2022 alone could have been enough to fund a year of a free e-File program for millions of Americans."

https://www.bloomberg.com/news/articles/2024-01-03/warren-says-intuit-tax-credits-could-have-funded-free-irs-filing-instead?srnd=technology-vp&stream=top

Messy line sketched on wooden blocks leading to red block with tax heading, solving complex problems, exit strategy concept

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More posts by Jack Storrs

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