Tax Preparation news and trends

Intuit Adds Generative AI-Powered Tax Prep to TurboTax
artificial intelligence // November 27, 2023

Intuit says the latest version of its TurboTax tool will embrace artificial intelligence. The new version of TurboTax Live Full Service, set to launch Thursday (Nov. 30), will match customers to a virtual tax expert or to a local tax pro for either virtual or in-person tax...

Taxing Problem: H&R Block Supports Consumer Need For Digital Disbursements
Disbursements // March 02, 2021

It has been a year since the pandemic’s arrival prompted widespread changes to how consumers, merchants, payment providers and financial institutions (FIs) interact and move their money. The financial ecosystem in place when 2020 began has been replaced by one in which digital disbursements are...

DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 
ANTITRUST // August 04, 2020

The U.S. Department of Justice (DOJ) has launched a probe into Intuit’s $7.1 billion purchase of Credit Karma. ProPublica reported the DOJ has raised questions about potential antitrust issues if Intuit, the maker of TurboTax, takes over its former rival that offered free tax preparation...

Lawmakers Want FTC To Investigate H&R Block, TurboTax
Taxes // May 05, 2019

H&R Block and Intuit, the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements with the companies and launch an investigation into their business practices. The calls, which came in the form of letters sent to the...

Quick Reads
Intuit Investor Day Sees Credit Karma and TurboTax Integration Amid AI Rollout

September 26, 2024
Financial software firm Intuit is integrating two of its most popular consumer finance offerings. “Upcoming innovations across TurboTax and Credit Karma will deliver a single, connected consumer financial platform that delivers insights and recommendations year-round and done-for-you experiences at tax time,” the company said Thursday (Sept. 26). The announcement was in conjunction with Intuit’s investors […]

Intuit Adds Generative AI-Powered Tax Prep to TurboTax

November 27, 2023
Intuit says the latest version of its TurboTax tool will embrace artificial intelligence. The new version of TurboTax Live Full Service, set to launch Thursday (Nov. 30), will match customers to a...

DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

August 04, 2020
The U.S. Department of Justice (DOJ) has launched a probe into Intuit’s $7.1 billion purchase of Credit Karma. ProPublica reported the DOJ has raised questions about potential antitrust issues if...

Lawmakers Want FTC To Investigate H&R Block, TurboTax

May 05, 2019
H&R Block and Intuit, the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements with the companies and launch an investigation into...