Credit Karma is well-known for their credit monitoring service that offers your TransUnion and Equifax credit scores for free.
Additionally, in 2016, Credit Karma expanded into the tax services realm. Similar to their other offers, Credit Karma Tax is free for both federal and state tax returns.
Check out our list of the best tax services.
Read below for more information on Credit Karma Tax and what they have to offer.
Credit Karma Tax Features
Credit Karma Tax offers one DIY tax filing product for federal and state returns. Additionally, it can handle most IRS forms and schedules, offers online filing in 40 states and the District of Columbia. This is what we liked about Credit Karma Tax:
Smart File. Credit Karma Tax will only show you the tax forms you need for your situation, which makes the process much easier. The software will even grab your W-2 information when you import your data from last year’s return (even if you used TurboTax, H&R Block, or TaxAct) or when you bring up a picture of your W-2.
Audit Defense. Credit Karma Tax provides free audit defense. If you get audited, the service will help you communicate and respond to the IRS.
Maximum Refund Guarantee. If you get a larger federal tax refund or owe less in federal taxes when you file with another online tax prep service, Credit Karma Tax will make up the difference for up to $100.
Accurate Calculations Guarantee. If you get hit with penalties or interest from a calculation mistake, Credit Karma Tax will repay you, for up to $1,000.
Customer Service. Credit Karma Tax offers 24/7 chat support, only during tax season. Other times of the year, you will need to contact the support team via email.
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Credit Karma Tax Pricing
Credit Karma Tax is 100% free even if you’re taking deductions or credits. You’ll be able to use the software to file your federal and state returns avoiding the hidden fees. However, keep in mind that Credit Karma Tax doesn’t support every tax situation in 2021, like a multi-state tax prep and complex investments.
Credit Karma Tax Limitations
Before you begin your tax filing process with Credit Karma, be sure that you remember:
- Credit Karma Tax is not available in all states. Check here for availability.
- Credit Karma Tax is missing some forms.
- Credit Karma Tax does not provide professional specialized support.
With this in mind, Credit Karma Tax will support more tax situations than the average free tax filing services. Plus, if you have an easy return, and you’re comfortable with filing online by yourself, then you don’t really need support from professionals.
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Conclusion
When you use Credit Karma, it’s free to use and supports majority of the IRS forms. Plus, there are many features that they have to offer compared to other free tax software.
If you have a more difficult tax return, you should check out a provider with the option to talk to a tax professional like TaxSlayer Premium.