Intuit Inc. (NASDAQ: INTU) today announced that more than 350 financial institutions and service providers will be offering qualifying taxpayers access to a free online tax preparation and filing service, donated through its Quicken Tax Freedom Project, through the institutions' Websites. This represents 10-fold growth over last year in the number of financial institutions offering access to the Quicken Tax Freedom Project.
Taxpayers with annual adjusted gross incomes of $20,000 or less, as well as anyone filing a Form 1040EZ, qualify for this free program, which Intuit first began for tax year 1998. The free program applies to both state and federal individual income tax returns and uses Intuit's Quicken® TurboTax® for the Websm and TurboTaxEZsm personal tax preparation Web-based products.
According to IRS statistics, approximately 55 million American taxpayers are eligible to participate in the Quicken Tax Freedom Project. Last year, more than 86,000 American tax filers took advantage of Intuit's public service initiative, which also offered both federal and state income tax preparation and filing.
"Intuit's Quicken Tax Freedom Project delivers the powerful benefits of online tax preparation and filing - a faster and easier process, a more accurate return and a faster refund - to people who need those benefits most, including students, people just starting their careers, the elderly and others with lower incomes," said Scott Cook, Intuit founder and chairman of the executive committee.
Institutions offering free online tax preparation and filing to their customers through the Quicken Tax Freedom Project and technology providers that facilitate the program include: Alcoa Employees Credit Union, Arizona Federal Credit Union, Associated Banc-Corp, BancorpSouth, Bank of Albuquerque, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, Bank One, BankDirect, BB&T, Brookline Savings Bank, BUYandHOLD.comsm Securities Corporation, Capital Credit Union, Carrollton Bank, Centier Bank, Chase Manhattan Bank, Citizens Bank, Comerica Bank, Commerce Bank, Commercial Federal Bank, Concentrex, Core One Credit Union, Corillian, CornerBank, N.A., Credit Union of the Pacific, Crestar Bank, Digital Employees' Federal Credit Union, Discover Financial Services, ebank.com, e-Commlink, Energy First FCU, First-Citizens Bank & Trust Company, First Indiana Bank, First Tennessee, Franklin Mint Federal Credit Union, Frost Bank, Hanscom FCU, Heartland Bank - STL, Hibernia National Bank, Hiway FCU, Honda Federal Credit Union, Huntington Bank, INTRUST Bank, Jet Credit Union, KeyCorp, Keystone Financial, M&T Bank, Mass Mutual Federal Credit Union, Medical & Professional Credit Union, Mellon Financial Corporation, Michigan National, Mission Federal Credit Union, National Penn Bank, Norton Community Credit Union, Old National Bancorp, Omega Financial Corporation, Oregon Employees FCU, PA State Employees Credit Union, PNC, Qualstar Credit Union, Republic Bank, RFCU Services, Inc., a wholly owned subsidiary of Rockwell Federal Credit Union, Sanwa Bank California, SouthTrust, Spokane Railway Credit Union, Standard Federal Bank, Suffolk Federal Credit Union, Summit Bank, Transportation FCU, U.S. Global Investors, UMB Bank, University State Employees CU, Unocal Federal Credit Union, VIFI, Wachovia Bank N.A., Washington School Employees Credit Union, Williams Employees CU, WingspanBank.com. Woodforest National Bank, Wright-Patt Credit Union and X.com.
Quicken TurboTax for the Web Available to All Customers
These institutions also offer taxpayers who don't qualify for the free program quick and easy access to TurboTax for the Web. Taxpayers can go to the institutions' sites to prepare and file their individual personal federal tax return for $9.95, and a state return can also be prepared and filed for any state requiring an income tax for $9.95. Both prices include electronic filing.
The availability of TurboTax for the Web via more than 350 of the nation's leading financial institution and service provider Websites illustrates the commitment Intuit has made to provide consumers with the best tools and services to revolutionize the way they track and manage their finances.