Today, we feel that filing tax returns is a lot like accessing credit information was in 2007. We need to file our taxes like we need access to our credit information. We all know on or around April 15 taxes are due and increasingly many of you are using software to avoid filling out forms manually or using a professional. Yet many of those products claim to be free, until you get a bill for $35 or $70 or more.
We are going to change tax filing like we changed credit. Starting in January, you won’t have to pay to file your taxes. Today we are launching Credit Karma Tax, an easy tax solution that most Americans can use to file their federal and state taxes. We don’t have a paid version of our product nor are there confusing packages or versions to trick you into paying. It’s just one simple and truly free solution. And over time, we believe the integrations and insights will make your taxes even easier.
How can we afford to do this? Our mission is to make financial progress possible for everyone. By better understanding your credit and your taxes, Credit Karma can become your financial assistant. We can monitor your credit, advise you on how to make good financial decisions and suggest better cards, loans and insurance products for you. If you like a recommendation and choose a new product on Credit Karma, we usually get paid. There is never an obligation to take our recommendations. We think this is far better for you than having you pay for our software.
Sign up for Credit Karma Tax here. You’ll be one of the first to use Credit Karma Tax when it goes live in January. Consider it a holiday gift from us starting this year and every year.
Sincerely,
Ken
Founder & CEO, Credit Karma