Intuit will no longer be a part of an IRS program that helps millions of Americans file taxes for free
Intuit, the company behind popular tax filing software TurboTax, announced that it will no longer participate in the IRS Free File program, which helps millions of Americans submit tax returns at no cost.
"With the Free File program surpassing its founding goals of e-file and free tax preparation, and due to the limitations of the Free File program and conflicting demands from those outside the program, we are not able to continue in the program and deliver all of the benefits that can help consumers make more money, save more, and invest for the future," the company wrote in a blog post Thursday.
The IRS Free File program is a public-private partnership between the agency and the Free File Alliance, a group of tax preparation companies with online software such as TurboTax, TaxAct, FreeTaxUSA and more. Americans with adjusted gross income of less than $72,000 are eligible to use the program to file federal taxes with no cost. Intuit has been a part of the program for nearly 20 years.
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