Method and system for applying analytics models to a tax return preparation system to determine a likelihood of receiving earned income tax credit by a user

US10169828B1 · kind B1 · utility

Assignee

• Intuit Inc. · US

Inventors

• Yao H. Morin · San Diego, US
• Massimo Mascaro · San Diego, US
• Preetam Kumar Ojha · Boston, US
• Joel R. Minton · Campbell, US

Key dates

• Filing date: Jul 29, 2015
• Grant date: Jan 1, 2019
• Expiry date: Jan 28, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/123
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system applies analytics models to a tax return preparation system to determine a likelihood of qualification for an earned income tax credit by a user, according to one embodiment. The method and system receive user data and applying the user data to a predictive model to cause the predictive model to determine, at least partially based on the user data, a likelihood of qualification for an earned income tax credit for the user, according to one embodiment. The method and system display, for the user, an estimated tax return benefit to the user, at least partially based on the likelihood of qualification for the earned income tax credit exceeding a predetermined threshold, to reduce delays in presenting estimated earned income tax credit benefits to the user during a tax return preparation session in a tax return preparation system, according to one embodiment.