Financial software company known for TurboTax, QuickBooks, Mint, and Credit Karma. Major player in consumer and small business financial tools.
On May 20, 2026, Intuit announced layoffs of approximately 3,000 employees, representing 17% of its staff. CEO Sasan Goodarzi cited the need to redirect resources toward AI integration across TurboTax, QuickBooks, and Credit Karma. Impacted workers were given until July 31 as their last day. The company has partnerships with both Anthropic and OpenAI to embed AI into its products.
Intuit spent $3.7 million on federal lobbying in 2024, more than it has ever spent in a single year, primarily to kill the IRS Direct File program. For over 20 years, Intuit has waged a sophisticated campaign to prevent the government from creating a free filing system. In Q1 2025, Intuit paid $30,000 to lobby DOGE Caucus members on 'tax simplification.' In April 2025, the Trump administration announced plans to eliminate Direct File.
Intuit donated $1 million to Trump's inauguration committee in December 2024. The company stated the donation was 'part of our decades-long commitment to bipartisan advocacy.' One month later, the Trump administration announced plans to eliminate the IRS Direct File program that Intuit had lobbied against for 20+ years.
Intuit agreed to pay $141 million to settle claims that it had misleadingly promised free tax-prep services to over 4 million Americans. The FTC subsequently ordered TurboTax to cease marketing their offering as 'free' unless everyone could use them at no charge. Intuit is appealing that decision.