Intuit, the parent company of TurboTax tax filing software, is exiting the IRS program, which allows many Americans to pay their taxes for free. IRS partners Free File Alliance, a non-profit tax software union companies which provide free tax filing services to the Free File program. Intuit says in a blog post on its website part of the reason why it leaves the Free File feature – available to 2020 archivists adjusted $ 72,000 gross income or less – there are “limitations” to the program.
“When the Free File program exceeds the basic goals of electronic file and tax preparation, and due to the limitations of the Free File program and conflicting requirements outside the program, we will not be able to continue the program and deliver all the benefits that can help consumers earn more money, save more and invest for the future. , ”According to the blog post.
Readers may remember that series reports ProPublica found that Intuit and H&R Block were misleading exporters to pay their taxes. Companies withheld free versions of their software appears in search engine results, according to ProPublica, which makes it difficult to find them online. IRS later updated the Free File file removing a provision from the agreement that prohibited the agency from creating its own online archiving system that would compete with software companies ’products.
According to Intuit’s blog post, the company will leave the Free File program at the end of the tax season in October because it wants to “offer more financial benefits and allow Americans of all income levels to control their finances”.
Intuit discontinued acquisition of credit monitoring company Credit karma at $ 7.1 billion in December 2020. The transaction was completed inspection by the Ministry of Justice, which was concerned about possible competition law issues; Credit Karma started offering own version of the free tax return in 2017.