Tax Credits to Intuit Better Spent to Fund a Free Alternative to TurboTax, Warren Says
01/04/2024 06:22
Intuit Inc. is being questioned by US lawmakers who say federal tax credits the company received could have been better spent to build a free government alternative to its popular online tax preparation software, TurboTax.
Intuit Inc. is being questioned by US lawmakers who say federal tax credits the company received could have been better spent to build a free government alternative to its popular online tax preparation software, TurboTax.
“For years, Intuit’s corporate lobbyists have argued that the federal government should not set up a program for Americans to file their taxes online and for free because it would be too costly for taxpayers,” the lawmakers, including Senators Elizabeth Warren and Bernie Sanders, wrote in a letter to the company. “Your company’s disclosure reveals that Intuit’s research tax break from 2022 alone could have been enough to fund a year of a free e-File program for millions of Americans.”