TurboTax for the Web is convenient -- consumers don't have to purchase or download software because they can prepare their return entirely online at any time from any computer with Internet access. Plus, there is absolutely no charge to try TurboTax for the Web. Taxpayers are charged only when they are ready to print or electronically file their tax return. Last year, 1.4 million federal and 900,000 state tax returns were filed using TurboTax for the Web.

TurboTax Delivers on Promise of Effortless Tax Preparation

This year, TurboTax is the only tax preparation solution to offer the Automated Tax Return feature. The Automated Tax Return delivers revolutionary simplicity and convenience by retrieving common tax information - wages, dividends, interest and stock transactions - from participating employers and financial institutions and automatically filling in the correct forms in TurboTax. This season, Intuit estimates that 15 to 20 million W-2s and 1099s will be available for import directly into the TurboTax product, saving time, increasing accuracy and eliminating the hassle and frustration of dealing with paper tax documents.

"TurboTax for the Web is far and away the most convenient and easiest online tax preparation solution. Our phenomenal growth last year is evidence that millions of ordinary people are embracing online tax preparation and have come to appreciate the convenience, speed and simplicity of doing taxes on the Internet," said Bob Meighan, vice president of Intuit's Consumer Tax Group. "And this year, we're introducing the Automated Tax Return and a host of other new features designed to make TurboTax Web-based tax preparation even easier, faster and hassle-free."

Tax Year 1999: A Banner Year
TurboTax for the Web was the clear favorite last year among online tax preparation sites, growing 470% over the prior year. About 60% of that growth came from people who made the leap from the time-consuming, error prone paper and pencil method. And while some competitors had performance and privacy issues, TurboTax for the Web performed exceptionally, easily scaling to accommodate more than 13,000 concurrent users and 97,000 tax returns on a single day.

Great Benefits for Early Birds And Tax Procrastinators

Whether consumers get a jump on their taxes or wait until the last minute, TurboTax for the Web is the fastest, most convenient way to prepare and file a tax return online. Taxpayers who file their federal return using TurboTax for the Web prior to April 1 get up to a 30% savings off the cost of preparing and filing that same return after April 1.

For taxpayers who wait until the last minute, TurboTax for the Web eliminates the worry about long lines and late night visits to the post office. Instead, taxpayers can use TurboTax for the Web - they don't have to go to the store or download any software - to prepare their return and then electronically file, without ever having to leave home or file any paper.

Taxpayers with simple returns can file Form 1040EZ (in about 15 minutes) using TurboTaxEZ for the Web, giving them a fast, streamlined way to prepare and file their tax return.

E-filing Helps Consumers Get Refunds Back Fast
Today marks the first day that taxpayers can electronically file federal tax returns with the Internal Revenue Service by using one of the commercially available tax preparation software programs or online tax services like TurboTax for the Web. Once a taxpayer has finished preparing their return with TurboTax for the Web, they can quickly and easily file their return electronically at no extra charge. By electronically filing their returns, taxpayers can receive refunds in as little as 10 days, compared to six weeks for returns filed by mail.

TurboTax for the Web supports all 44 states with income tax plus the District of Columbia. State programs are already available for California, Georgia, Maryland, Michigan, New York, Pennsylvania and Virginia. Remaining states will become available over the next several weeks. TurboTax for Web customers can also file their state tax returns electronically with 38 states and the District of Columbia.

The Most Popular Tax Preparation Solution on the Web
This year, approximately 800 leading financial institutions, electronic retailers and Internet-related service Web sites will make TurboTax for the Web accessible to millions of consumers. TurboTax has become the preferred tax solution on the Web, providing not only it's online, award-winning tax preparation and filing service, but a wealth of online tax information, tools and resources for industry leaders including Fidelity.com, Schwab.com and The New York Times. Many financial institutions including Fidelity Investments, The Vanguard Group, INVESCO Funds and WingspanBank.com are offering TurboTax for the Web for free to their customers, leveraging this valuable service to expand their online service offerings.

TurboTax for the Web is FREE to 56 Million American Taxpayers
All of the power and functionality of TurboTax for the Web, including the Automated Tax Return, are available for free to the more than 56 million U.S. taxpayers that have adjusted gross income of $25,000 or less. This free service is offered through the Quicken Tax Freedom Project, Intuit's philanthropic initiative that donates online tax preparation and electronic filing. This year, Intuit is expanding the Quicken Tax Freedom Project by raising the income eligibility by $5,000 over last year's cap. Eligibility is determined by users' actual tax information as entered into TurboTax for the Web. The free program applies to the preparation and electronic filing of both state and federal individual income tax returns and is accessible from http://turbotax.intuit.com/taxfreedom.

Pricing and Availability
TurboTax for the Web is available now at www.turbotax.com, America Online (by selecting 'Taxes' from the 'Money & Investing' channel), Excite.com (through the 'Taxes' category in the 'Personal Finance' channel), and some 800 other leading financial institution, electronic retailer and Internet-related service Web sites.

Taxpayers can prepare and file a federal 1040EZ return for $6.95 if filed by April 1, 2001, a savings of 30% off the $9.95 for those same returns filed after April 1, 2001. The corresponding state return is free. All other 1040 returns are $14.95 if filed before April 1, 2001 and $19.95 thereafter. Corresponding state returns are $9.95. Electronic filing for federal and state returns is always included at no additional charge.

About Quicken TurboTax
Quicken TurboTax is the #1-selling tax preparation software program, with approximately 70% retail unit share in 2000, according to PC Data. Its web-based counterpart, Quicken TurboTax for the Web, is the most popular site for online tax preparation and filing services. In addition, Intuit offers Quicken TurboTax Home & Business, designed for the sole proprietor. The Automated Tax Return feature is included at no additional charge in all of these versions of TurboTax. With 17 years of personal finance expertise, the TurboTax family of products saves time and money for more than 13 million Americans each yea