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1040 Individual Income Tax forms for the 2015 tax year. Photo: Michael Nagle/Bloomberg via Getty Images

TurboTax maker Intuit announced Thursday that it will leave the IRS' Free File program, which has offered free tax filing to millions of Americans for 20 years.

Why it matters: The departures of Free Files' two largest participants — Intuit this year and H&R Block last — leaves the future of the program uncertain, ProPublica reports.

The big picture: The Free File program was founded after the George W. Bush administration proposed that the IRS offer a free online filing option for taxpayers, per ProPublica.

  • "Such an option would have threatened the profits of the burgeoning tax prep software business," ProPublica writes.
  • After lobbying by the companies, the IRS agreed not to develop its own filing portal and instead free versions of tax software was offered to most Americans.

Driving the news: Intuit will end its participation in the Free File program after the end of the current tax season in October, per the company's announcement.

  • "This decision will allow us to focus on further innovating in ways not allowable under the current Free File guidelines and to better serve the complete financial health of all Americans through all of our products and services," per the statement.

Go deeper: One of the most complex tax seasons ever

Go deeper

Focus group: Child tax credit expansion divides swing voters

Photo by Chip Somodevilla/Getty Images

Some swing voters say the most important elements to preserve in Democrats' massive social spending package are the ones that would lower prescription drug costs, reduce pollution and make childcare or pre-K free or more affordable.

Yes, but: Considerably less popular among Trump-to-Biden voters: Extending the expanded child tax credit to 2025.

Ina Fried, author of Login
2 hours ago - Technology

Intel CEO sees making own chips as a matter of national security

Pat Gelsinger. Photo: Axios on HBO

Intel CEO Pat Gelsinger is putting the pressure on the U.S. government to help subsidize chip manufacturing, insisting the current reliance on plants in Taiwan and Korea as "geopolitically unstable."

Why it matters: There is bipartisan support for funding the domestic semiconductor industry, but Congress has yet to sign the check. The Senate has passed the CHIPS Act that includes $52 billion in semiconductor investment, but it has yet to pass the House.

Updated 3 hours ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children are among a group of 17 missionaries kidnapped in Port-au-Prince, Haiti, per a statement from Christian Aid Ministries Sunday.

The latest: "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children," the Ohio-based group said. Haitian police inspector Frantz Champagne on Sunday identified the 400 Mawozo gang as the group responsible, in a statement to AP.