Credit Karma Tax® Takes on the Industry, Expands Its Always-Free Premium Tax Product
Credit Karma, already trusted by more than 85 million members, now brings a new level of certainty and simplicity to tax filing with Credit
In addition, consumers can now expect a more streamlined onboarding process through Credit Karma Tax’s free Jumpstart feature and members can file their taxes entirely from their mobile device.
Credit Karma members who file with Credit
- Free Audit Defense: Members who file with Credit
Karma Tax will receive audit defense, completely free. Audit Defense provides correspondence management and in-person representation in the event that a member gets audited by theIRS or the state. A similar offering from other tax filing services is a paid add-on and costs up to$39.99 depending on provider. - Maximum refund guarantee: If a member files with Credit
Karma Tax first, but later receives a larger federal tax refund or owes less in federal taxes when they file an amended return with another online tax preparation service, CreditKarma Tax will make up the difference up to$100 . - Mobile Filing: Last year, more than half of Credit
Karma Tax filers started their taxes on their mobile device. This year, members can file their taxes, from start to finish, directly from their smartphone with every step now mobile enabled. - Jumpstart: Relevant information from a member’s prior tax return is auto-filled into the new return, allowing them to skip certain onboarding steps. New members can jumpstart their tax filing process by simply importing their prior year’s 1040 from H&R Block, TurboTax or
TaxAct . - Accurate Calculations Guarantee: Credit
Karma Tax will reimburse filers should theIRS and/or applicable state tax authority impose penalties and/or interest on them due to a CreditKarma Tax calculation error. The filer will be reimbursed up to$1,000 in the form of gift card(s). - Error double-check: Before a member submits their tax return, Credit
Karma Tax will check and re-check the return to let the user know if anything looks off. - Personalized guidance: Once a member inputs their tax data, Credit
Karma Tax gives personalized guidance to help members maximize their refund, including helping them understand the impact of taking standard or itemized deduction and their filing status.
“It’s our mission to champion the financial progress of our members. And, when it comes to taxes, that means ensuring all of our members can get their full refund, without ever sacrificing a portion of it to cover the cost of filing,” said
Credit Karma entered the tax industry for the same reason it got into the credit space: consumers should not have to pay to access and monitor their financial information, nor should they have to pay to file their taxes. This is a prime example of the company’s win-win-win business model. Now, when a member files with Credit
Taxpayers interested in learning about how tax reform will impact their refund can use the Tax Reform Impact Tool, available to all Credit Karma members in the
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1 When filing your federal and state returns under the regular price for TurboTax® Self-Employed Edition and adding Audit Defense under their MAX Defend & Restore add-on package.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181218005259/en/
Source: Credit Karma
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