Just remember that this doesn’t necessarily mean you won’t have any errors on your tax return. Reading about tax experts reviewing returns and guaranteeing that they’re done correctly takes away some of the stress that comes with filing taxes. What does make these guarantees useful is that they instill a good deal of confidence while scrolling through TurboTax’s website. They’re good to know about but shouldn’t be your deciding factor. These guarantees are great perks, but they’re pretty consistent with competitors like H&R Block. If any of TurboTax’s employees make an error on your return, TurboTax will pay the resulting penalties and interest. They’ll just help you understand why you’re being contacted or audited.ġ00% Accurate, Expert-Approved Guarantee – This one is similar to the 100% Accurate Calculations Guarantee. This does not mean they will represent you in an audit. If you used the Free Edition, TurboTax will pay you $14.99.Īudit Support Guarantee – By using TurboTax, you qualify for year-round help understanding any notices or letters from the IRS or state departments. Maximum Refund Guarantee or Your Money Back – TurboTax will refund any of their fees if you can get a larger refund with different software. TurboTax Guaranteesġ00% Accurate Calculations – TurboTax will pay any penalty or interest resulting from a calculation error by its software. Sasan Goodarzi is the current CEO and has stressed the importance of social awareness and fair representation. If innovation and being woke are important to you, TurboTax is a fair option. They boast having over 50 million customers.Īs we’ll see later, they make up for their lack of physical locations by dominating the technological world. Intuit went public in 1993 and now has over 9,000 employees with 19 locations in 9 different countries.
Fun fact: Cook still works with Intuit as the Chairman of the Executive Committee, meaning he runs the committee that runs the entire board. Scott Cook and Tom Proulx founded Intuit in 1983. Do you use QuickBooks or Mint? Intuit runs those too, and you can use the same login information for all of them. TurboTax is under the umbrella of companies that Intuit Inc. TaxAct, TurboTax and H&R Block returns W2 import 1040, 1040A, and 1040EZ fromsĬheck eFile status, track IRS refund, 7-year access to returns
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