Why turbotax Is Trending Today?

TurboTax, the popular tax preparation software, has announced it will not be ready for the 2022 tax season due to a delay in IRS approval. This means users will not be able to file their taxes using the software until the IRS gives the green light. The company has stated that they are working diligently to resolve the issue and will provide updates as soon as they are available.

Intuit, the company behind TurboTax, has agreed to pay OpenAI over $100 million annually to integrate ChatGPT into its tax preparation software. This deal is expected to enhance the user experience of TurboTax by providing AI-powered assistance. The news has led to a gain in Intuit's stock price.