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Credit Karma Tax: $0 2017 Tax Prep/Filing (No Income Limits)

+111 Deal Score
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I logged onto Credit Karma recently and noticed there's now a Tax link on the top header. It took me to their tax prep software where the 2017 tax year is already up and ready to use. (You need a Credit Karma account.)

Credit Karma Tax has free federal and state tax filing.

The home page lists these new features:

Ready, Set, Check
Before you file, we'll check and re-check your answers and let you know if anything is missing.

Tax Dashboard
We'll track your credits, deductions and refund in one handy checklist that shows what's left to do.

Click and Fill
Take a pic of your W-2, we'll use it to fill in your return — just tap or click to confirm the info.

24/7 Live chat
Our tax product specialists are available online around the clock to help with your tax questions at no charge.

Easy switch
If you used H&R Block®, TurboTax® or TaxAct® last year, import the info to auto-fill your return.

Real-time tips
We share tips and suggestions as you go to help make the process as easy as possible.

https://www.creditkarma.com/tax
EDIT: https://help.creditkarma.com/hc/e...-Karma-Tax - looks like there's a lot of situations like business Schedule C and investments supported
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Created 01-05-2018 at 09:43 AM by Wyfind
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Community Wiki

Last Edited by BahgainLovah February 23, 2018 at 12:23 PM
Forms and situations Credit Karma Tax does not support [creditkarma.com]

Credit Karma also does not support the credit for Foreign Tax Paid (1040 Line 48) which applies to most people who invest in an international mutual fund. This is different from not supporting Form 1116 (Foreign Tax Credit), which is used when claiming more than $300 ($600 if married filing a joint return).

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#3
Is this just for simple filers?
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Original Poster
#4
Looks like there's a lot of situations supported like Schedule C (business income), dividends, investments and farming (wtf?)

https://help.creditkarma.com/hc/e...-Karma-Tax

First post edited
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#5
Quote from Wyfind
:
Looks like there's a lot of situations supported like Schedule C (business income), dividends, investments and farming (wtf?)

https://help.creditkarma.com/hc/e...-Karma-Tax

First post edited
I had better experience and refund with TaxAct than CK
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#6
interesting.. are they legit, trustworthy? i have been using taxact for many years.
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#7
I'll try it this year but last year I ran across issues on form which has causing calculations issues(compared to turbo tax and h&r block-they matched exactly), they eventually fixed it but it was couple months late.
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#8
Worked for me last year. Will try it again this year to see if they made any updates
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#9
I use TurboTax and when I tried Credit Karma last year to compare results, CK said I needed to pay more than TT did. I think paying for TurboTax is worth it.
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#10
Quote from 300mag
:
I'll try it this year but last year I ran across issues on form which has causing calculations issues(compared to turbo tax and h&r block-they matched exactly), they eventually fixed it but it was couple months late.
Me too. Can't trust it yet.
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#11
CK messed up HSA calculations last year. I used TT and got a larger refund last year. Hopefully they fixed it this year!
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#12
There was CLEAR issue with their calculation last year, but they did not fix it until the deadline. I am not so sure whether I would waste time filing it through them again.

The calculation error resulted in THOUSANDS of dollar discrepancies (in worse way).

This is the backup at best.
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#13
Mine matched last year, doing it again this year. Great if you have stocks and work expenses. Of course it's always better to run 2 of them online and not pay HRBlock or TT if CK matches exactly (you can prepare the return with all of your schedules and not pay until you file, where you just disregard the TT or HRBlock)
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#14
i tried walking through this process, and if you trade stocks, it's an utter PITA as you have to individually add all of your transactions. Unless I'm missing the "import" feature?

In turbotax, it just syncs with my brokerage provider and i don't have to type a thing, MUCH easier and that alone kills creditkarma for me unfortunately, heard great things otherwise.
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#15
Used them last year. Will again this year. Paying to file is the worst.
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