TurboTax

TurboTax is a brand of tax preparation software developed by Intuit. It provides guided interview-style questions to help prepare and file federal and state income tax returns for individuals and small businesses. It is available as a web application and as downloadable software for Windows and macOS, with mobile apps for iOS and Android. It supports e-filing with the Internal Revenue Service and most state tax agencies.

Product line includes Free Edition (for simple returns), Deluxe (deductions and credits), Premier (investments and rental properties), Self-Employed (independent contractors and small business owners), and TurboTax Business (for corporations, partnerships, and multi-member LLCs). TurboTax Online offers add-ons such as TurboTax Live, which provides real-time or on-demand help from licensed tax professionals or CPAs. It includes features like W-2 import, 1099 import, auto error checks, deduction guidance, and an “Audit Risk” indicator.

History and market: Introduced by Intuit in the 1980s as a desktop tax preparation program and later expanded to online platforms in the 2000s. It has become one of the leading tax software products in the United States, competing primarily with H&R Block and TaxAct. It is also offered in Canada under the TurboTax brand with local tax rules and forms.

Data protection and privacy: TurboTax uses encryption for data in transit and at rest, stores user data on secure servers, and supports account protection measures. Users file tax returns electronically with the IRS and state authorities; returns are subject to data protection and privacy policies of Intuit and applicable laws.