Credit Karma today announced its plans to change how Americans do their taxes in the 2017 tax season—making it simpler and more approachable with Credit Karma Tax™. Credit Karma Tax is the only truly free major tax preparation and filing service without any income restrictions, upsells or gimmicks. To help Americans file their taxes more easily, quickly and accurately this upcoming tax season, Credit Karma Tax will personalize the experience for each person, surfacing what is important, and allowing people to shortcut entire schedules or forms irrelevant to their financial situations. As someone starts filing their taxes, Credit Karma Tax asks straightforward questions about last year’s charitable giving, new additions to their family and other life events—without any jargon. Americans will be able to understand how their life milestones and accomplishments may affect their taxes. Credit Karma Tax will also check and re-check responses and help identify and flag eligible tax deductions, tax credits or potential errors to ensure a maximum refund. “Every year millions of Americans dread having to do their taxes. We waste nearly 10 percent of the average federal tax refund and countless hours of our time filing our taxes, and it shouldn’t be this difficult,” said Credit Karma Tax General Manager Jagjit Chawla. “We’re excited to offer a product that can give people back their time and money. It’s the right thing to do.” Credit Karma Tax now boasts the following new and expanded features for the 2017 tax year:
• Click and Fill: Using data-import technology, Credit Karma Tax can help reduce the number of potential errors and time needed to manually enter tax data. Members can import their Form W-2 from supported major payroll providers or a mobile device.
• Easy Switch: Many Americans who used H&R Block®, TurboTax® or TaxAct® last year can import their past return information automatically for this year’s tax return.
• Mobile Filing: Most Americans will be able to prepare and file their taxes with Credit Karma Tax on a mobile device and pick up where they left off when they’re back at a computer.
• Maximum Refund Guarantee: Members are guaranteed to receive the maximum refund for their financial situation if they file with Credit Karma Tax. If a member finds they’re entitled to a larger refund using another online tax preparation service, they could be eligible for a $25 gift card.
• Real-Time Tips: Hundreds of articles and tips are available to help simplify taxes for people as they file. Members can also receive free personalized help 24/7 from dedicated Credit Karma Tax support specialists by live chat and email.Launched on January 23, 2017, Credit Karma Tax has saved Americans tens of millions of dollars in online tax preparation fees. Last year nearly a million Americans prepared and filed their taxes with the help of Credit Karma Tax, making Credit Karma Tax one of the top tax preparers in its inaugural tax season.To create a free Credit Karma Tax or Credit Karma account, visit www.creditkarma.com/tax or www.creditkarma.com.
About Credit Karma
Founded in 2007, Credit Karma is a personal finance company that’s focused on helping everyone make financial progress. Whether they’re interested in getting a better deal on a loan, looking for ways to save, or simply monitoring their credit, we offer a range of tools and personalized recommendations designed to help them make the most of their money. Our business model is unique in that no matter what new products or services we introduce, we’re committed to providing a service that’s always free. With more than 75 million members in the United States and Canada, we help people gain insight into their finances and credit information – and ultimately, improve their financial standing.Learn more about how Credit Karma members are making financial progress on Facebook, Twitter and YouTube.