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    From JAB@21:1/5 to All on Mon Jan 8 19:31:40 2024
    TurboTax Faces Major Threat to Its Business

    The Internal Revenue Service (IRS) plans to roll out a free way to
    file federal taxes, much to the chagrin of tax preparation firm
    TurboTax.
    ...
    ...
    Residents of 12 states that meet certain income criteria will be able
    to try the new service. To qualify, filers need to opt for the
    standard deduction and maintain income within the confines of wages
    documented on Form W-2, Social Security or unemployment, along with
    interest income not exceeding $1,500.

    The pilot will be available only to taxpayers living in Arizona,
    California, the District of Columbia, Florida, Massachusetts, Nevada,
    New Hampshire, New York, South Dakota, Tennessee, Texas, Washington
    and Wyoming.

    https://www.msn.com/en-us/money/taxes/turbotax-faces-major-threat-to-its-business/ar-AA1mDTSW

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