4 ms·
I'm not sure why it doesn't seem to be more well known, but CreditKarma has allowed free filing of taxes (incl. capital gains), and was recently acquired by Int
by fladrif 6y ago
I'm not sure why it doesn't seem to be more well known, but CreditKarma has allowed free filing of taxes (incl. capital gains), and was recently acquired by Intuit. Last I read they were under investigation by the Department of Justice because of the implications they were eliminating a competitor.
Comments: https://news.ycombinator.com/item?id=24038559 https://news.ycombinator.com/item?id=24038559
I've used it for the past 2 years, and it has worked great for me, albeit I don't have very complicated taxes. I'm actually afraid of what happens if the acquisition goes through, definitely expecting the free tax filing to disappear soon after that occurs.
- tdhoot 6y agoThis has already been settled; Square will take Credit Karma Tax to prevent Intuit from absorbing a competitor. https://www.forbes.com/sites/jonathanponciano/2020/11/25/doj-forces-credit-karma-to-sell-tax-unit-to-square-71-billion-intuit-turbotax-takeover-antitrust/?sh=1da79ccf2dc8 https://www.forbes.com/sites/jonathanponciano/2020/11/25/doj...
- tzs 6y agoI wonder how they are going to handle the Credit Karma Tax name? According to this announcement [1] from 2020-12-03, Intuit has completed the acquisition of Credit Karma. I logged in to Credit Karma today to do my taxes, and the tax link on the main page took me to tax.creditkarma.com where I found the familiar Credit Karma tax stuff, with a notice on the bottom of the page that says: > Tax preparation services are provided by Credit Karma Tax, Inc. a subsidiary of Square, Inc. So, it appears that Square is indeed now handling it, but it is still tied in with Intuit's Credit Karma. I wonder if that is just some transitory thing for the 2020 tax year and for 2021 it will be on a Square domain, and the Credit Karma mail site will link to TurboTax for tax prep instead? [1] https://investors.intuit.com/news/news-details/2020/Intuit-Completes-Acquisition-of-Credit-Karma/default.aspx https://investors.intuit.com/news/news-details/2020/Intuit-C...