TurboTax Maker Intuit's Stock Falls as IRS Makes Direct Tax Filing Permanent

Key Takeaways Shares of Intuit, the maker of TurboTax software for taxpayers filing their own returns, slid Thursday as the IRS said it would broaden its free, direct tax filing program in 2025. The free IRS direct filing system will compete with Intuit's TurboTax, which offers both free and paid tax filing software. Direct File from the IRS will be available for use by all taxpayers starting in the 2025 tax season. Intuit earlier warned that it expects to lose customers who use its free TurboTax program if ...