When news broke back in September that Intuit, the company behind Quicken, was buying personal finance website Mint, everyone wondered how the two services would co-exist. The worst case scenario was that Mint would be absorbed somehow into Intuit’s in-house competitor, Quicken Online. Thankfully, it looks like the opposite will happen.
Mint founder Aaron Patzer, who is now the new vice president and general manager of Intuit’s Personal Finance Group, told TechCrunch, “Over the next 6 to 9 months we will end-of-life Quicken Online and their customer’s data will be migrated over to Mint.” Patzer also talked a little about what Mint might look like in the future, as Intuit weaves products like Turbo Tax into the service:
Patzer has other ideas for connecting Mint and TurboTax as well: “What I want to do is to take your stock transactions and everything you’ve tagged in Mint as a medical expense or business expense and push that over to see if you should itemize deductions. If we pull in your 1099s and deductions, we have done half your taxes for you. We could reduce the time it takes you to do your taxes to 20 minutes or less.”