Reported 5 months ago
Intuit Inc. saw a drop in its TurboTax service users this tax season, with 1 million fewer customers using the free version compared to the previous year. Despite this decline, Intuit reported higher revenue and profits, attributing the drop to a shift in focus towards more complex tax situations and the average spending of TurboTax users increasing by 10%. The company also announced the departure of Credit Karma CEO Kenneth Lin, signaling potential disruptions as the company navigates changes in its financial services offerings.
Source: YAHOO