Intuit launched SnapTax, the first mobile application that allows people to prepare and file their taxes from start to finish, all while on the go.
In order to fulfill their obligations toward the IRS, taxpayers need to snap a photo of their W-2 with their mobile phones and then automatically enter the information into their tax return. There are also few basic questions to answer, review the return for accuracy and that’s it. Tap “File Now” when you’re ready to electronically file your federal and state tax returns.
SnapTax relies on the OCR technology to streamline and simplify tax preparation and shows a running tally of the refund, or taxes owed, every step of the way. The application is available as a free download, but you’ll have to pay $14.99 for one federal 1040EZ and one state tax return plus e-filing.
Commenting on the SnapTax launch – Barry Saik, VP of product management for TurboTax, said: “SnapTax offers an entirely new and unique way to file taxes. 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.”
SnapTax (FREE) [iTunes link]