Press release
Intuit TurboTax Launches First and Only Product Guaranteeing Tax Refunds 5 Days Early Into Any Bank Account
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma,
About this update from Intuit Inc.
[{"type":"text","content":" MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nIntuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced a suite of offerings designed to help filers access their tax refunds faster and more affordably as TurboTax e-file opens for the 2024 tax season. The offerings include the only do-it-yourself mobile app offer on the market, providing completely free federal and state tax preparation regardless of tax complexity. In addition, TurboTax is providing the first and only fast refund guarantee that delivers federal tax refunds 5 days early no matter the filer’s banking institution, helping consumers get faster access to critical funds.\n\n\nFor millions of Americans, the tax refund, averaging over $3,000, represents the largest paycheck of the year. Getting fast access to those funds can be indispensable. According to a generational tax survey conducted on behalf of TurboTax by Talker Research, 93% of Gen Z expects to get a refund this year and they plan to use their refund to pay for necessities. In fact, access to faster refunds would mean they are able to avoid debt fees (20%), pay rent on time (35%), and pay off debt (35%).1\n\n\n\"We are proud to continue advancing our faster refund offerings as well as provide free do-it-yourself filing through our mobile app offer to arm our customers with the financial flexibility and security they deserve,” said Executive Vice President and General Manager of Intuit's Consumer Group, Mark Notarainni. “We are giving our customers unparalleled access to their hard-earned money at affordable prices, empowering them to pay bills, pay down debt, and manage daily expenses with greater ease and peace of mind.\"\n\n\nAlthough many companies claim to offer fast refund services, they often do not deliver the funds where consumers need them. Moving money between bank accounts can take up to 5 days. Unlike traditional refund services, TurboTax’s newest 5 Days Early refund offering delivers these vital funds into any U.S. bank account, providing taxpayers expedited access to their money.\n\n\nTurboTax’s fast money offerings include:\n\n\n\nNEW! 5 Days Early Refund Offering2 - Consumers can get their federal refund delivered 5 days before IRS settlement - guaranteed.3 For a $25 flat fee, TurboTax delivers the ref...