Intuit plans to provide free electronic filing for its TurboTax desktop software products for individuals for tax year 2008, in response to a request from Congress and the Internal Revenue Service.
Sen. Charles Schumer, D-N.Y., chairman of the Joint Economic Committee, wrote to Intuit and other tax software vendors asking them to expand the availability of free e-filing. Currently Intuit and other members of the Free File Alliance provide free e-filing to taxpayers whose adjusted gross income was $54,000 or less in 2007. The IRS wants to expand the number of electronically filed returns to reduce processing costs, but 40 percent of tax returns are still filed on paper.
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