TurboTax is a U.S. tax software package. There are a number of different versions, including TurboTax Deluxe, TurboTax Premier, etc. TurboTax is available for both Federal and state income tax returns... More

TurboTax is a U.S. tax software package. There are a number of different versions, including TurboTax Deluxe, TurboTax Premier, etc. TurboTax is available for both Federal and state income tax returns. The software is designed to guide users through their tax returns step-by-step. TurboTax became an Intuit product as a result of the 1993 acquisition of its creator, San Diego-based Chipsoft. Chipsoft, now known as Intuit Consumer Tax Group, is still based in San Diego, but moved into a new office complex in 2007. In 2003, Intuit faced vocal criticism for its TurboTax activation scheme.[10] The company responded by removing the product activation scheme from its product. In 2005 TurboTax extended its offering by allowing any taxpayer to use a basic version of its Federal product for free as part of the Free File Alliance. By 2006 that offer has been limited to Free federal online tax prep & e-file for taxpayers whose adjusted gross income is $28,500 or less (or $52,000 for those in the military), and those 50 or under. TurboTax normally releases its new version in mid-November of each year. TurboTax for Tax Year 2006 was released mid-November 2006. The Federal version of TurboTax Business is usually available sometime between November and the following January. The State version can take longe  [edit]  Less