Intuit's TurboTax Makes it Easy to Claim Tax Rebate
Seniors, Veterans and Low-income Taxpayers Must File 2007 Return to Receive Stimulus Payment
HARLEM, N.Y. – Feb. 29, 2008 – Intuit Inc. (Nasdaq: INTU), participating in a tax assistance event with New York Congressman Charles Rangel, today announced the availability of a free, simplified online tax form to help an estimated 23 million Americans, including seniors, veterans and low-income earners, easily file to receive their tax rebates.
The simplified, 1040A form is meant for those who had at least $3,000 in earned income in 2007, but who would not otherwise be required to file a return. The form can be prepared online through the TurboTax Free File offering at www.taxfreedom.com, beginning mid-March.
In addition, Intuit Chief Executive Officer Brad Smith unveiled a new, free online tax rebate calculator available at www.taxfreedom.com. Any taxpayer can now go online, answer a few simple questions and the tool will automatically calculate the amount of their rebate.
Both free services were introduced today as part of an event in Harlem, N.Y., supporting the Internal Revenue Service's Free File Alliance program. The program is a public-private partnership that helps lower-income Americans prepare and file their taxes online for free.
"I'm proud to announce these new online resources with Congressman Rangel because he is the true author of the Free File Alliance and a champion of this economic stimulus package," said Smith. "Helping individuals with low or fixed incomes put an additional $300 or $600 or more into their pockets is just one more way the Free File program supports and assists American taxpayers."
Rangel, chairman of the House Ways and Means committee, endorsed the online program.
"It is vitally important that we do all that we can to let people know what they need to do to qualify for these tax rebates," said Rangel. "Thanks to Intuit, there is now another resource for people to use to quickly receive the money they need and deserve."
Dr. Lucy Cabrera, president of Food Bank For New York City/FoodChange, the organization that hosted the event, added, "getting these dollars to those who need it most requires teamwork and support. We're pleased to part of this partnership that helps empower and educate people."
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $2.67 billion in its fiscal year 2007. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
Intuit, the Intuit logo, and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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