AI Insights · Timothy · April 2022
Top 5 Tax Preparation and Planning Apps in the US for Q1 2022
Discover the performance trends of the top 5 tax preparation and planning apps in the US for Q1 2022, including downloads, revenue, and active user metrics.
In Q1 2022, the top 5 tax preparation and planning apps in the United States showcased notable performance trends across downloads, revenue, and active users. Here's a detailed look at each app's performance, based on data from Sensor Tower.
TurboTax: File Your Tax Return from Intuit Inc. saw an impressive rise in weekly downloads, starting at around 76K in late December 2021 and peaking at approximately 568K by the end of January 2022. However, downloads gradually declined to about 152K by the end of March. Weekly revenue for TurboTax remained relatively stable, fluctuating between $24 and $46 throughout the quarter. Active users peaked at about 1.76M in late January and stabilized around 1.2M by the end of March.
IRS2Go by the Internal Revenue Service experienced a significant increase in weekly downloads, starting at 35K in late December and reaching a high of approximately 438K by mid-February. Active users for IRS2Go peaked at around 3.33M in mid-February and maintained a steady trend, ending the quarter at roughly 2.87M.
MyBlock from HRB Tax Group, Inc. showed a steady increase in downloads, rising from about 11K in late December to a high of approximately 139K by the end of January. Downloads gradually declined to around 40K by the end of March. Active users for MyBlock peaked at approximately 197K in late January and stabilized at about 129K by the end of March.
H&R Block Tax Prep: File Taxes, also by HRB Tax Group, Inc., saw weekly downloads increase from 2.3K in late December to around 32K by the end of January. Downloads then gradually decreased to roughly 12K by the end of March. Weekly revenue for H&R Block Tax Prep fluctuated between $18 and $34, with a peak of $34 in mid-January. Active users peaked at around 22K in late January and ended the quarter at approximately 12.5K.
TaxesToGo by Rhodes Computer Services LLC experienced a steady increase in weekly downloads, starting at 2.7K in late December and peaking at approximately 18K by the end of January. Downloads then gradually declined to around 4.2K by the end of March. Active users for TaxesToGo showed a consistent trend, peaking at about 45.6K in late February and ending the quarter at approximately 44.8K.
These insights highlight the varying performance trends of the top tax preparation and planning apps in the US for Q1 2022. For more detailed data and further insights, visit Sensor Tower.
