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 Intuit: TurboTax Units to Grow 6 Percent

Wednesday, May 26 2021
Tax
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 Intuit expects that the number of TurboTax units sold during the 2021 tax season will grow 6 percent year-over-year. The company made the forecast during this week’s release of financial results for the third quarter April 30.

 The company did not release unit numbers since the extension of the tax season until May 17 resulted in the final filing season results moving into the current quarter. Intuit will provide definitive figures when fourth-quarter results are released.

Intuit repeated its forecast that the number of TurboTax Live results will be 90-percent higher than in the 2020 filing season. It also expects that the TurboTax’s share of returns wlll increase by 1 percent over last year, excluding approximately 8 million stimulus-only filings last season.

Intuit’s expectation of increased market share follows an estimate by H&R Block this week that it gained about .3 percent market share.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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