TurboTax Joins with Credit Karma and QuickBooks

<p>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.</p><p>Tax Solutions for Everybody!</p><p>TurboTax, offers a frankly mesmerizing suite of full-service, assisted,
and DIY <a href="https://www.financemagnates.com/tag/tax/page/2/">tax</a>
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.</p><p>“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.”</p><p>TurboTax Newcomers</p><p>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.</p><p>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 <a href="https://www.financemagnates.com/terms/l/leverage/">leverage</a> refunds, from
high-<a href="https://www.financemagnates.com/terms/y/yield/">yield</a> savings accounts to Credit Builder plans for credit building and
savings.</p><p>Benefits for Small Businesses</p><p>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.</p><p>This tax season, QuickBooks Online is offering a number of solutions
for various small business structures:</p><ul><li>QuickBooks Live Full-Service Tax: S-Corps, multi-member LLCs, and
partnerships surrender their business taxes to a team of experts, ensuring
accuracy.</li><li>QuickBooks Live Assisted Tax: Sole proprietors and single-member LLCs
filing a Schedule C (Form 1040) receive unlimited expert advice for
self-employment taxes.</li></ul><p>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."</p><p>The FTC recently offered <a href="https://www.financemagnates.com/trending/finance-firms-in-the-dock-ftc-compensating-credit-karmas-victims/">compensation
to individuals denied a “pre-approved” credit card</a> from Credit Karma. 497,425 people
were impacted by what the FTC saw as Credit Karma’s shady promises.</p><blockquote><p lang="en" dir="ltr">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: <a href="https://t.co/NmEJqwLCZP">https://t.co/NmEJqwLCZP</a></p>— The Regulatory Review (@TheRegReview) <a href="https://twitter.com/TheRegReview/status/1732871859308310892?ref_src=twsrc%5Etfw">December 7, 2023</a></blockquote>

This article was written by Louis Parks at www.financemagnates.com.