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.
