Credit Karma, a consumer technology platform with more than 120 million members in the United States, has announced plans to offer a tax refund-focused experience with Intuit TurboTax. This experience will help members navigate each phase of the 2022 tax season, including helping them estimate refunds and provide personalized recommendations on how to optimize refunds. based on the information in their Credit Karma profile.

Eligible members will also have options to get cash fast this tax season, including the ability to get a refund up to 5 days in advance22 when they deposit it into their Credit Karma Money™ account, 3, or get a prepaid loan4 in just 1 minute of being approved by the IRS.5 Together, Credit Karma and TurboTax strive to provide a personalized tax experience by helping Americans estimate their refunds. them, plan how they will use their refund, and eligible members, they can access the money faster.

“Americans are strapped for cash as high inflation, challenging market conditions and rising interest rates hold steady. As a result, Americans’ reliance on their tax refund may be more significant than in the past,”

“By providing members options for accessing money more quickly, along with recommendations for how to best utilize the money, like paying down debt or building credit, we hope to help Americans make smart financial decisions that set them further down the path of financial progress. Together, we can help put money back in the pockets of hard-working Americans, while also providing a suite of tools and recommendations to help them make the most of their money.”

Poulomi Damany, SVP and GM of assets and tax at Credit Karma.

Members can now log into Credit Karma to estimate their refund for the tax year 2022. Credit Karma members will benefit from a richer, more personalized experience, where their Credit Profile information Karma will automatically be pre-populated in the Return Estimator, just a quick review of the information to get their Refund Estimate. Members can also get recommendations on how to use the cashback based on their credit profile.

For example, a member can get an offer to start saving by depositing part of their refund into a Credit Karma Money™ Save account, which currently offers an APY of 3,30%,6 or Open the Credit Builder package to ‘help’. improve their low scores while saving money.

“Taxes can be stressful and overwhelming for many Americans. We want to change this dynamic by making it even easier for people to file their taxes and gain faster access to the biggest paycheck of the year for many — their refund,”

“By integrating the best of TurboTax and Credit Karma, we’re making a dramatically simplified tax experience for members that makes it noticeably faster for them to get their taxes done and quickly have their refund in hand.”

Varun Krishna, Intuit’s Consumer Group General Manager.

Credit Karma and TurboTax will provide members with a variety of ways to quickly access cash this tax season, including early access to their refunds through Credit Karma Money, as well as the prepaid loan. These options will be available to Credit Karma Money members who are eligible to receive a federal refund in the tax year 2022.