TurboTax parent company Intuit is exiting the IRS Free File Program
Intuit, the parent company of tax filing software TurboTax, is exiting an IRS program that allows many Americans to file their taxes for free. The IRS partners with the Free File Alliance, a nonprofit coalition of tax software companies that offer no-cost tax filing services for the Free File program. Intuit says in a blog post on its website that part of the reason it’s leaving Free File— which is available to 2020 filers with adjusted gross income of $72,000 or less— is the “restraints” of the program.
“With the Free File program surpassing its founding goals of e-file and free tax preparation, and due to the limitations of the Free File program and conflicting demands from those outside the program, we are not able to continue in the…