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TurboTax

Leading AI-guided tax prep, facing new free-filing competition

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Tax & Accounting

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1 day ago

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TurboTax guides individuals through filing federal and state returns with step-by-step questions, importing W-2s and 1099s by photo or direct connection to reduce manual entry. It's faced growing competition from the IRS's own free Direct File program in several states, which has put real pressure on the value proposition of paying for tax software for straightforward returns.

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