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Mailchimp reported $800 million in revenue in 2020, a 20% year-over-year intuit 2021 growth. Half of its revenue comes from outside the United States.
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TurboTax walks you through an in-depth, easily understood interview to help you prepare your tax return. While expensive, its usability, state-of-the-art design, and comprehensive coverage of tax topics add to TurboTax’s value.
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Our effective tax rates for the twelve months ended July 31, 2022 and July 31, 2021 were approximately 19%. Excluding tax benefits related to share-based compensation, our effective tax rate was 24% for both periods. This differed from the federal statutory rate of 21% primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the benefit we received from the federal research and experimentation credit. Online services revenue grew 116 percent for the quarter and 107 percent for the year. Growth in the quarter was driven by the addition of Mailchimp, and growth in QuickBooks Online payroll and QuickBooks Online payments.
Expect discounts on tax prep services early in the tax season, with those discounts going away the closer you get to the filing deadline. All features, services, support, prices, offers, terms and conditions are subject to change without notice.
Intuit Inc.
We recognized excess tax benefits on share-based compensation of $134 million in our provision for income taxes for the twelve months ended July 31, 2022 and $126 million for the twelve months ended July 31, 2021. This press release and the accompanying tables include non-GAAP financial measures. Credit Karma revenue grew 17 percent in the quarter, driven by strength in credit https://turbo-tax.org/ cards and personal loans. This was partially offset by headwinds in auto insurance and home loans. Total international online revenue grew 193 percent for the quarter and 174 percent for the year on a constant currency basis. Excluding Mailchimp, total international online revenue grew 23 percent for the quarter and 30 percent for the year on a constant currency basis.
How long after TurboTax says accepted will I get my refund?
They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund. Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return.
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