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Intuit (LTS:0JCT) Deferred Tax : $-648 Mil (TTM As of Jan. 2024)


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What is Intuit Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Intuit's change in deferred tax for the three months ended in Jan. 2024 was $-184 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Jan. 2024 was $-648 Mil.

Intuit Deferred Tax Historical Data

The historical data trend for Intuit's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intuit Deferred Tax Chart

Intuit Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.00 -179.00 -42.00 120.00 -628.00

Intuit Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -262.00 -99.00 -239.00 -126.00 -184.00

Intuit Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-648 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Intuit Deferred Tax Related Terms

Thank you for viewing the detailed overview of Intuit's Deferred Tax provided by GuruFocus.com. Please click on the following links to see related term pages.

Intuit (LTS:0JCT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Intuit Inc (LTS:0JCT) » Definitions » Deferred Tax
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Traded in Other Exchanges
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Address
2700 Coast Avenue, Mountain View, CA, USA, 94043
Website
https://www.intuit.com
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

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