11
TurboTax maker Intuit’s $100 million tax credits challenged by US lawmakers

TurboTax maker Intuit’s $100 million tax credits challenged by US lawmakers

10 months ago
Anonymous $oNW8tt9dEO

https://arstechnica.com/tech-policy/2024/01/turbotax-maker-intuits-100-million-tax-credits-challenged-by-us-lawmakers/

TurboTax maker Intuit's tax breaks are being questioned by four US lawmakers who object to the federal research tax credits claimed by the company. A letter sent this week claims that the amount of Intuit's tax credit could have been used by the Internal Revenue Service to offer free online tax filing to many Americans.

"We write regarding Intuit's recent disclosure that your company received $94 million in federal research tax credits in 2022," the letter said. "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. Your company's disclosure reveals that Intuit's research tax break from 2022 alone could have been enough to fund a year of a free eFile program for millions of Americans."

Last Seen
15 minutes ago
Reputation
0
Spam
0.000
Last Seen
38 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 minutes ago
Reputation
0
Spam
0.000
Last Seen
8 hours ago
Reputation
0
Spam
0.000
Last Seen
40 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
48 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
10 minutes ago
Reputation
0
Spam
0.000