IRS now Accepting E-filed Returns

SAN DIEGO–(BUSINESS WIRE)–
TurboTax®, the nation’s leading online
tax preparation
service from Intuit Inc. (Nasdaq:INTU), reminds
taxpayers that the Internal Revenue Service begins accepting e-filed tax
returns today, officially kicking off the tax season. Taxpayers can file
now with TurboTax and get
every dollar they deserve.

“Last year, more than 30 million people prepared their taxes with
TurboTax, benefiting from a simple and highly personalized experience
that helps them find and keep more of their hard-earned money,” said
Greg Johnson, senior vice president of marketing for Intuit’s Consumer
Tax Group. “With about 75 percent of all taxpayers getting a federal tax
refund, which averaged close to ,800 last year, there’s no reason to
wait. With TurboTax you can prepare your tax return and e-file with
direct deposit for your fastest possible refund.”

Do-it-yourself tax preparation is the fastest-growing tax preparation
method, up 5 percent year-over-year, according to the IRS. The rise of
DIY tax preparation is especially relevant to the 60 million Americans
who have simple tax returns and can file them at absolutely no cost with TurboTax
Absolute Zero
.

Last year, TurboTax saw nearly 5 million taxpayers take advantage of the
no-strings-attached offer, with the ability to easily and accurately
file their federal 1040A
or 1040EZ
returns, as well as their state returns, for absolutely {$content}. TurboTax
customers also do not pay extra to comply with health care laws or to
claim their Earned
Income Tax Credit
.

TurboTax also continues to partner with IRS and state free file
programs. TurboTax All FreeSM is now available to give
millions of low to moderate-income families with adjusted gross income
of ,000 or less – and up to ,000 for active duty military – or
those eligible for Earned Income Tax Credit the opportunity to file for
free.

According to the IRS, the fastest way for taxpayers to get their tax
refund is through e-file and direct deposit. The IRS expects to issue
more than nine out of 10 federal tax refunds in less than 21 days after
acceptance. The deadline to file individual tax returns this year is
April 18, except in Maine and Massachusetts, where the deadline is April
19.

About Intuit

Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.

Its flagship products and services include QuickBooks® and
TurboTax®, which make it
easier to manage small businesses
and tax preparation and filing.
Mint.com provides a fresh, easy and
intelligent way for people to manage their money, while Intuit Tax
Online, ProSeries® and Lacerte®
are Intuit’s leading tax preparation offerings for professional
accountants.

Founded in 1983, Intuit had revenue of .2 billion in its fiscal year
2015. The company has approximately 7,700 employees with major offices
in the United States, Canada,
the United Kingdom, India
and other locations. More information can be found at www.intuit.com.

Source: Intuit Inc.

Intuit Inc.
Ashley McMahon, 858-215-9069
Ashley_mcmahon@intuit.com