This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intuit TurboTax Comments On IRS Guidance For Couples In Legal, Same-Sex Marriages

Intuit TurboTax® released the following statement in response to guidance provided by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) on the U.S. Supreme Court ruling on the Defense of Marriage Act (DOMA). Under the ruling, same-sex couples will be treated as married for federal tax filing purposes.

The statement can be attributed to David Williams, Chief Tax Officer, Intuit Inc.

“This is a milestone in equality in the nation’s tax system for those in same-sex marriages. It will be a significant financial benefit for some taxpayers who before could not fully take advantage of important tax deductions and credits, including the Earned Income Tax Credit, to which other married couples were already entitled.

Same-sex couples who are legally married will now be recognized by the federal government, meaning it will be easier for them to file their taxes, among many other things. A couple who previously had to file two separate federal tax returns can now file one joint federal tax return – in most cases reducing their tax liability. This could be a federal tax savings of about $500 for a couple making a combined salary of $80,000 annually.

In addition, the court's ruling has the potential to save some people hundreds of dollars in tax preparation costs. Taxpayers who previously had to pay high fees to have someone else prepare their tax return due to the complexity of filing multiple federal and state returns can easily and accurately prepare their taxes together with tax software at a significantly lower cost.”

For more information on how this impacts taxpayers, visit the Tax Break: The TurboTax Blog.

About TurboTax

TurboTax is the nation’s No. 1 rated, best-selling, do-it-yourself  tax preparation software. Available on desktop, online and mobile, TurboTax helped more than 25 million people last year keep more of their hard-earned money. For more information, visit the  TurboTax press room, like us on Facebook at, follow us on Twitter at, or visit our blog, Tax Break: The TurboTax Blog, at

About Intuit Inc.

Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals.

Its flagship products and services include  QuickBooks®,  Quicken® and  TurboTax®, which make it easier to manage  small businesses and  payroll processingpersonal finance, and  tax preparation and provides a fresh, easy and intelligent way for people to manage their money, while  Demandforce® offers marketing and communication tools for small businesses.  ProSeries® and  Lacerte® are Intuit's leading tax preparation offerings for professional accountants.

Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013. The company has approximately 8,200 employees with major offices in the  United StatesCanada, the  United KingdomIndia and other locations. More information can be found at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs