Intuit TurboTax will start accepting e-filed federal tax returns on January 2, 2014

On December 18, 2013, Intuit Inc. (Intuit) reported that TurboTax, its online tax preparation service, will start accepting e-filed federal tax returns on January 2, 2014, following Internal Revenue Service (IRS) declaration to begin processing tax returns on January 31, 2014. Intuit informed that taxpayers can file early with TurboTax to be first in line for their maximum tax refund. According to the Company, TurboTax will securely hold and submit customers' tax returns to the IRS as soon as the agency begins accepting returns. "More than 80 percent of taxpayers get a tax refund. Last year, federal tax refunds averaged almost $3,000. At TurboTax, we recognize how important that money is to our customers," said David Williams, Chief Tax Officer at Intuit. "It's why we're encouraging people to file as soon as they can. Anyone can get started today with TurboTax. There is no faster way for taxpayers to get their tax refunds."