TurboTax is American income tax preparation software that was developed by Michael A. Chipman of Chipsoft in the 1980s. TurboTax is now owned by Intuit, Inc. and today it is one of the most popular at-home tax services in America. The software is designed for people to easily and painlessly do their taxes by answering questions about their life and finances without having to do any of the math themselves. Users even have the option to import their W-2 information for any participating employers and financial institutions. The software is available for both Federal and State tax returns and different versions can be bought including TurboTax Premier and TurboTax Deluxe. You can purchase the software as a CD or to download to your desktop. New versions of the software are released late in the tax year after the IRS completes its revisions and gives its approval. Different versions of TurboTax run in price from free to $80. The website also offers a number of free tax calculators and tools, and offers tax tips and helpful videos to watch. You can even track your refund after you file your return.