Taxes on Your Mobile Phone? It’s a Snap

SnapTax Mobile App From TurboTax Available Nationwide for iPhone and Android

SAN DIEGO – Jan. 14, 2011 – SnapTax, the first mobile application that allows people to prepare and file their taxes from start to finish, is now available nationwide for both iPhone and Android from TurboTax® maker Intuit (Nasdaq: INTU).

Introduced last year in California, SnapTax allows taxpayers with simple returns to snap a photo of their W-2 with their mobile phones and then automatically enters the information into their tax return. Taxpayers answer a few basic questions, review their return for accuracy and tap “File Now” to electronically file their federal and state tax returns in minutes.

SnapTax uses optical character recognition (OCR) technology to streamline and simplify tax preparation and shows a running tally of the refund, or taxes owed, every step of the way.

“SnapTax offers an entirely new and unique way to file taxes,” said Barry Saik, vice president of product management for TurboTax.  “Now, millions of taxpayers across the country can do their taxes easily and accurately from their mobile phones in just minutes. SnapTax is the next innovation from TurboTax that revolutionizes how people tackle the annual task of doing their taxes.”

Taxpayers download the mobile app for free and pay when they are ready to electronically file their return. The introductory price of $14.99 includes one federal 1040EZ and one state tax return plus e-filing. SnapTax is available through the Apple App Store and Android Market, or go to SnapTax.com .

To view a SnapTax video and get more information, go to Tax Break, the TurboTax blog. Taxpayers can follow TurboTax on Twitter or become a fan on Facebook.

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 helps more than 20 million people a year easily and accurately claim every deduction and credit they’re entitled to, so they get their biggest tax refund possible. For more information, visit the TurboTax press room.

About Intuit

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal year 2010. The company has approximately 7,700 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Intuit, the Intuit logo and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.