Dan Maurer, SVP and general manager of Intuit's consumer group, said in a prepared statement that returns received by the IRS are down 7 percent as of March 15. However, that shows that the pace of filing is catching up with a normal tax season.
Intuit reiterated its guidance that consumer tax revenue will grow by 8 to 10 percent and total company revenue will increase by 10 to 12 percent for the year ending July 31.
The company has sold 5.1 million desktop TurboTax units which is up 15 percent from January 30 through March 16, compared to the same period last year, and down 2 percent compared to the entire 2012 tax season to date. There were 12.5 million federal TurboTax Online units sold so far in 2013, up 29 percent for the same period a year earlier and 2 percent from the start of tax
With the results for the TurboTax Free File Alliance included, the total units sold to date this year were 18.4 million, compared to 18.3 million from the start of the 2012 tax seas through March 16.