Turbo Tax waives the IRS’s Free File program

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ALBANY, NY (NEWS10) – Intuit, the company that owns Turbo Tax, said it would no longer participate in the IRS’s Free File program in July. For years the company offered free e-filing services and was featured on the IRS website.

Turbo Tax offers a free filing option on their website, although they do not participate in the IRS program. There are restrictions on who can use their free service, and people who have used Turbo Tax’s free file service in the past may not be able to do so this year.

“This decision will allow us to focus on further innovation not permitted under current Free File guidelines and better serve the full financial health of all Americans through all of our products and services, in tax preparation and beyond.” to be able to,” said Intuit.

Turbo Tax’s free service is only available to people filing a simple tax return. There are two options, one allows customers access to an expert to have questions answered, the submission deadline for this service is March 31st. The other option (full service) puts clients in touch with a professional to prepare their taxes, the filing deadline for this service is February 15th.

Who can use Turbo Tax’s free services?

According to Turbo Tax, a simple tax return uses Form 1040 and covers:

  • W-2 income
  • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
  • Claiming the Rule Deduction
  • Earned Income Tax Credit (EIC)
  • child allowances
  • Interest deductions for student loans

Who can’t use their free service?

Customers with:

  • Individual deductions (such as mortgage or real estate deductions)
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income
  • warehouse sale
  • Income from rental properties
  • Credits, deductions and income shown in Tables 1-3
  • Charitable Donations
  • education expenses

“We are obsessed with helping millions of Americans take charge of their finances so they can thrive. Intuit’s AI-driven expert platform makes it easy for consumers to make better financial decisions, not only helping them get their maximum refund, but empowering them by putting them in control to make smart money decisions meet and achieve their financial dreams,” the company said.

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