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Short Take: Intuit TurboTax use jumps

Intuit said that 700,000 federal tax returns have been filed electronically using its TurboTax and MacInTax software and its Web-based tax filing service. That's an increase of 142 percent compared with last year. "We've been working to help the IRS achieve its goal of 80 percent of all returns filed electronically eight years from now," Larry Wolfe, senior vice president of Intuit's Tax Division, said in a statement.

Intuit said that 700,000 federal tax returns have been filed electronically using its TurboTax and MacInTax software and its Web-based tax filing service. That's an increase of 142 percent compared with last year. "We've been working to help the IRS achieve its goal of 80 percent of all returns filed electronically eight years from now," Larry Wolfe, senior vice president of Intuit's Tax Division, said in a statement.