Intuit, the organization behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has changed how people file taxes. It uses advanced artificial intelligence to simplify the process for personal and small business filers.
These innovations aim to make tax season faster, easier, and less stressful.
Filing taxes can be overwhelming. Many need help with manual data entry and confusing tax jargon. Intuit’s latest updates aim to eliminate these frustrations.
TurboTax now offers a “done-for-you” tax preparation service. It connects customers with over 12,000 tax experts, including CPAs and attorneys. These experts prepare taxes in as little as two hours.
AI plays a critical role in matching customers with the right tax professional. It uses customer information to find the best fit based on their specific needs, ensuring a personalized experience every time.
The process is straightforward. Customers upload documents, and the platform handles the rest. It eliminates guesswork and ensures every deduction and credit is identified.
The TurboTax app also includes a real-time progress tracker. This tool shows when the expert has questions or has completed the return, giving customers more transparency and peace of mind.
Transparent pricing is another big win for customers. TurboTax offers upfront costs, so there are no hidden fees. It helps users budget better and avoid surprises.
Millions of Americans rely on tax refunds, which average over $3,000. Intuit’s AI tools help customers get this money faster and maximize refunds by identifying every possible deduction and credit.
TurboTax supports document imports from over 350 financial institutions. This feature speeds up the process and reduces errors. Automated data entry minimizes the risk of typos and miscalculations.
Refund solutions make accessing funds even more straightforward. With Credit Karma Money, users can get their refund up to five days early. Refund Advance loans provide up to $4,000 without fees or credit score impact.
Intuit’s focus isn’t just on tax season. Its tools provide year-round financial insights for better planning. Credit Karma users can now receive personalized tax tips throughout the year.
These tips help customers prepare for life events that affect taxes. For example, homeowners get advice on mortgage interest deductions, and freelancers might learn about optimizing self-employment income.
Credit Karma also automates tax document organization. When it’s time to file, it transfers data directly to TurboTax, eliminating manual entry and speeding up the process.
Small businesses also benefit from these updates. TurboTax Business Tax Live Assisted supports LLCs, S-corporations, and partnerships. It connects business owners with tax experts who guide them through every step.
Business tax filers receive additional perks. They get 20% off personal tax filings through TurboTax. Starting in January 2025, they can access a free 30-day QuickBooks Online trial.
AI drives every aspect of Intuit’s platform. It provides accurate, personalized, and fast tax preparation. Automated workflows anticipate user needs and check for errors in real-time.
Intuit Assist helps customers understand their tax outcomes. It explains the “why” behind the numbers, building confidence and making the filing process less intimidating.
The platform is also inclusive. TurboTax and QuickBooks are available in English and Spanish. Spanish-language support for small businesses will launch in February 2025.
Tax filing is often a source of stress. Intuit’s innovations aim to change that. By combining AI and human expertise, the company simplifies the entire process.
Customers no longer need to worry about errors or missed deductions. Experts handle the details, and AI ensures accuracy, ensuring a smooth experience from beginning to end.
Intuit’s approach goes beyond filing taxes. It focuses on improving financial health year-round. Personalized insights help users make smarter money decisions every day.
Filing taxes doesn’t have to be complicated. With Intuit’s tools, it’s faster, easier, and more accurate. Tax season may become something to look forward to.