Intuit (NASDAQ:INTU) has rolled out a fresh initiative aimed at enhancing financial literacy among high school teachers and students, named Intuit for Education. This program offers comprehensive education on personal and entrepreneurial finance at no cost. The objective is to empower 50 million students to develop financial literacy, capability, and confidence by 2030.
Post-graduation, many students grapple with financial decisions due to inadequate personal finance knowledge. To address this, Intuit has launched the Intuit Hour of Finance Challenge, encouraging schools to engage in financial education activities throughout April.
Intuit for Education delivers adaptable and interactive courses utilizing real-world tools such as TurboTax and QuickBooks. The curriculum encompasses crucial topics like budgeting, saving, credit management, and fundamental finance principles. It presents over 150 hours of customizable content along with complimentary professional development resources for educators.
Schools can easily access ready-to-use lesson plans and an online game called Intuit Prosperity Quest. Winning schools stand a chance to receive celebratory rewards valued up to $25,000, $50,000, or $100,000, contingent on their size.
Expanding Portfolio to Drive Revenue Growth for Intuit
Intuit is dedicated to continuously enhancing and expanding its product portfolio to remain pertinent to its clientele. Recent updates include the integration of TurboTax into Credit Karma and QuickBooks to facilitate seamless tax preparation and filing across the Intuit Ecosystem. Additionally, Intuit has introduced QuickBooks Solopreneur, a novel product tailored to meet the distinctive requirements of sole proprietorships.
These enhancements are poised to attract more users and are anticipated to bolster the company’s revenue growth in the forthcoming quarters.
According to the Zacks Consensus Estimate, INTU’s 2024 revenues are projected to reach $16.04 billion, marking a year-over-year growth of 11.65%. The earnings estimate stands at $16.4 per share, indicating a year-over-year growth of 13.89%.
Intuit recently announced that Credit Karma members and QuickBooks Online users can now prepare and file their 2023 taxes through TurboTax directly within the online platforms. By amalgamating INTU’s AI technology and TurboTax’s tax knowledge engine with users’ personal and financial data already available in Credit Karma or QuickBooks, this integration aims to deliver a smoother and more personalized tax filing experience for individuals and small business owners.
Furthermore, Intuit has introduced a novel product named QuickBooks Solopreneur, specifically tailored for solo entrepreneurs. This tool offers a range of straightforward features to assist solopreneurs in managing their finances effortlessly. It aids in setting and tracking goals, monitoring business expenses for tax purposes, and instilling a sense of financial security, all from a single convenient platform.
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