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TurboTax 2024 prompt for access to keychain

When I install TurboTax 2024, I get the message, "

TurboTax 2024 wants to use your confidential information stored in “tax-bpxl_uuid_service” in your keychain."  Why is this necessary?  What happens if I choose to deny this?

Thank you.

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TurboTax 2024 prompt for access to keychain

Possibly, it wants the password to your online account, which is stored in your Mac "keychain" with all your other passwords.  This can also happen if you save your return with encryption, because Turbotax needs keychain access to write the encryption password to the keychain, and it also needs keychain access to retrieve the password when you want to open your return again.  

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