TurboTax Gives Sneak Peek into the Future of Tax Prep

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Doing Taxes on an iPhone? What a Concept!

SAN DIEGO--(BUSINESS WIRE)-- Filing your taxes could be as simple as point, shoot and submit with a new iPhone application from TurboTax(R), the nation's best-selling, No.1-rated tax preparation software from Intuit Inc. (Nasdaq:INTU). Consumer technology enthusiasts can test drive the company's latest mobile offering for the upcoming tax season at the Intuit booth at the 2010 ShowStoppers @ CES show in Las Vegas.

SnapTax makes it easy to prepare and file simple tax returns via an iPhone mobile device. Available exclusively for California residents and using advanced optical character recognition software, SnapTax allows taxpayers to prepare and file their federal and state returns from their iPhones. Taxpayers simply snap a photo of their 2009 W-2, answer a few basic questions, review their tax information and click "send" to submit and e-file, all within a matter of minutes.

"For over 25 years, TurboTax has revolutionized how Americans prepare and file their taxes. From desktop to online and now mobile, TurboTax industry-leading innovations have made it drop-dead simple for millions to do their own return," said Barry Saik, Vice President of Product Management for TurboTax. "We're re-inventing tax prep so that TurboTax does the work for you, dramatically simplifying the experience and helping to put the biggest possible refund back in your pocket."

Availability and Pricing

To take advantage of SnapTax, California residents with simple returns can check if they qualify and download the app, expected to be available later this month, through the iTunes App Store. Estimated cost to download the app is $9.99 and includes federal and state tax preparation and e-filing. To get a sneak peek, view the SnapTax demo.

Predict Your Refund

Want a jump start on taxes and an estimate of what your 2009 tax refund will be? TurboTax has an app for that too. TaxCaster Mobile helps taxpayers get an idea of where they stand so there's no surprises come April 15. It's free and available now at iTunes.

For all the latest tax tips and information, visit Tax Break, the TurboTax blog.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks(R), Quicken(R) and TurboTax(R), simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation offerings for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Intuit, the Intuit logo and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other company and product names may be trademarks of their respective owners.

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    Source: Intuit Inc.

Released January 5, 2010