Intuit Inc., the company behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has created something of an elegant partnership. Credit Karma members and QuickBooks Online customers can now breeze through their 2023 taxes seamlessly using TurboTax, woven into the fabric of Credit Karma and QuickBooks Online.

Tax Solutions for Everybody!

TurboTax, offers a frankly mesmerizing suite of full-service, assisted, and DIY tax preparation options. Individuals, families, and small businesses are all well catered to through Credit Karma and QuickBooks Online. Choose your dance: file independently, with assistance, or hand over the steps for a virtual or in-person TurboTax experience.

“Our vision is to deliver the trusted TurboTax experience to individuals and small businesses however they want to file and where they want to file, including across the Intuit ecosystem of products and services,” said Executive Vice President and General Manager of Intuit's Consumer Group, Mark Notarainni. “The integration of TurboTax into Credit Karma and QuickBooks helps us meet our customers where they are so they can file with complete confidence knowing they are getting their best tax outcome, all in a familiar product experience.”

TurboTax Newcomers

Credit Karma members, who didn’t use TurboTax last year, can do so through the Credit Karma app. Those choosing to file their federal and state taxes with TurboTax can do so at no cost. Filing can take as little as 10 minutes. Additional assistance is available for members in need of expert guidance, with faster cash access and tailored recommendations available.

Through TurboTax integration, taxpayers can access their refund up to five days early by depositing it into a Credit Karma Money account or qualify for a Refund Advance loan within 30 seconds of the IRS accepting their return. Personalized guidance offers recommendations to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term refunds, from high-yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term savings accounts to Credit Builder plans for credit building and savings.

Benefits for Small Businesses

For small businesses, QuickBooks Online integrates with TurboTax, aiding the transition from books to taxes in a number of ways. TurboTax within QuickBooks Live Tax ensures unlimited expert help for qualifying customers, and the company promises maximum refunds.

This tax season, QuickBooks Online is offering a number of solutions for various small business structures:

• QuickBooks Live Full-Service Tax: S-Corps, multi-member LLCs, and partnerships surrender their business taxes to a team of experts, ensuring accuracy.
• QuickBooks Live Assisted Tax: Sole proprietors and single-member LLCs filing a Schedule C (Form 1040) receive unlimited expert advice for self-employment taxes.

Costs vary by entity and service type, and small businesses can find their cost and sign up within their QuickBooks Online account, under "Taxes" in the left navigation panel, selecting "Year-End Tax Filing."

The FTC recently offered compensation to individuals denied a “pre-approved” credit card from Credit Karma. 497,425 people were impacted by what the FTC saw as Credit Karma’s shady promises.

The FTC and Credit Karma reached a settlement over the company's alleged misrepresentations to consumers that they were “pre-approved” for credit cards. The FTC is now rolling out a claims process for consumers who incurred unnecessary credit checks: https://t.co/NmEJqwLCZP

— The Regulatory Review (@TheRegReview) December 7, 2023