Intuit’s Tax Credits Better Spent on IRS System, Warren Says (1)

Intuit Inc. is being questioned by US lawmakers who say federal tax credits the company received could have been better spent to build a free government alternative to its popular online tax preparation software, TurboTax.

“For years, Intuit’s corporate lobbyists have argued that the federal government should not set up a program for Americans to file their taxes online and for free because it would be too costly for taxpayers,” the lawmakers, including Senators Elizabeth Warrenand Bernie Sanders, wrote in a letter to the company. “Your company’s disclosure reveals that Intuit’s research tax break from 2022 alone could ...