ADVISORY/Americans Expect to Benefit Most From Lower Tax Rates, According to Turbotax Poll; New 2002 Laws Could Have Many Looking Forward to Fatter Paychecks.

Business/News Editors and High-Tech Writers

ADVISORY for ... Friday (May 10)

--(BUSINESS WIRE)

With six months still remaining in 2002, a recent online poll by Intuit Inc. (Nasdaq:INTU), the maker of Quicken(R) TurboTax(R), found 61 percent of Americans expect to benefit the most from lower tax rates since income taxed at a lower rate may mean extra money in their pockets.

The tax rates for the top four tax brackets decreased by another half of a percentage point from 2001. The new rates have been lowered to 27%, 30%, 35%, and 38.6%.

Of the 600 consumers polled between May 3 - May 6, 2002 on www.turbotax.com, another 26 percent said they expect to benefit from increased IRA contributions. With the maximum IRA contribution increasing from $2,000 to $3,000 per person and the maximum 401(k) contribution increasing to $11,000, more taxpayers plan to save money for retirement while reducing their tax liability.

Thirteen percent of respondents said expanded education tax incentives, such as the college tuition and student loan interest deductions and education savings accounts, is the area where they expect to take advantage of new tax laws.

For more information on the new tax laws planned for this year through 2010, visit www.turbotax.com.

For any information on this advisory, please contact Colleen Ferrin at 858/784-1487 or email at [e-mail].

Note to Editors: Please feel free to print any of the above information for editorial purposes.