![]() If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. 100% Accurate Calculations Guarantee – Business Returns.(TurboTax Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state purchase price paid. We will not represent you before the IRS or state tax authority or provide legal advice. Audit Support Guarantee – Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your 2022 TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Support Center, for audited individual returns filed with TurboTax for the current 2022 tax year and, for individual, non-business returns, for the past two tax years (2021, 2020).(TurboTax Online Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid. ![]() This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.An academic consultant enlisted for the study, due in May, advised in her latest research that the IRS adopt “ the most expansive version of a direct e-file program. The Inflation Reduction Act, which President Joe Biden signed last August, includes nearly $80 billion to modernize the Internal Revenue Service, and for the first time requires that the agency study whether it could build a tool that would replace products such as TurboTax for millions of Americans. ![]() The resources Yellen mentioned are on their way. “There’s no reason in the world that a modern economy shouldn’t have a system that makes it easy for such a large group of taxpayers to file their returns,” Secretary of the Treasury Janet Yellen said at a hearing last June, promising the IRS will build its own system once it’s “adequately resourced.” But the threat of a publicly run competitor, which has been bubbling under the surface since the internet’s early days, may be more serious than ever. A notable exception is the US, where online tax prep is a big business dominated by TurboTax owner Intuit Inc., which has maintained its position despite an onslaught of lawsuits and public criticism. In almost every wealthy country, governments offer a free way for citizens to calculate what they owe in taxes.
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