Is Credit Karma a part of TurboTax? (2024)

FAQs

Is Credit Karma a part of TurboTax? ›

Credit Karma is part of the Intuit family. However, Credit Karma and TurboTax are separate products and require separate accounts.

Intuit announced a new feature last month that lets users file their taxes with TurboTax right from the Credit Karma app or QuickBooks Online interface. Credit Karma is a personal finance app that provides users with credit scores and personalized offers on credit cards, personal loans, car loans and more.

As part of the Intuit family, both Mint and Credit Karma are committed to safeguarding your data - from helping make sure only you can access your Intuit account to blocking suspicious activity before it starts.

Credit Karma is a personal finance company that is owned by Intuit. It provides free access to credit scores and other credit services as well as personalized recommendations for credit cards, loans, and insurance.

Intuit acquired Credit Karma in 2020. Credit Karma will retain its distinct brand, culture and autonomy, led by Founder and CEO Ken Lin, as an independent Intuit entity.

You can unlink your Turbo Tax account in your Security Settings by navigating to the My Profile section. You can then click on “Unlink all accounts” to unlink your accounts. Keep in mind, once unlinked, you won't be able to relink the accounts.

Your remaining federal and entire state refund (minus any agreed upon fees) will be deposited to your Credit Karma Money Spend account when the IRS distributes your refunds. The IRS issues most refunds in less than 21 days, though it's possible your tax return may require additional review and take longer to process.

Credit Karma partners with TransUnion to give you access to your TransUnion credit score and report. TransUnion receives information about you that is reported directly from financial institutions, utilities service providers, local authorities, courts and insolvency services.

TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993.

The $7.1 billion consideration will take the form of cash and stock. The shares of Intuit common stock were valued at approximately $299.73 per share. The total consideration includes an estimated $1 billion of equity awards that will be expensed over up to three years.

Who owns TurboTax? ›

Intuit, the company that owns TurboTax, is spending more money than ever on federal lobbying amid heightened scrutiny of its influence operations and revolving door lobbyists.

A: Credit Karma is a legitimate company; however, for a variety of reasons, its scores may vary greatly from the number your lender will share with you when it checks your credit. We have answers to all your questions about Credit Karma.

--(BUSINESS WIRE)-- Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks and Mint, today announced that it has completed its acquisition of Credit Karma, Inc., the consumer technology platform with more than 110 million members in the U.S., Canada and U.K. The combined company creates a new consumer finance ...

by TurboTax• 5• Updated 1 month ago

Credit Karma is part of the Intuit family. However, Credit Karma and TurboTax are separate products and require separate accounts. You can't use your TurboTax info to sign in to Credit Karma and vice versa, though you can link your accounts together.

Credit Karma goes the extra mile when it comes to the safe-keeping of our members' personal information. We use 128-bit or higher encryption to protect during the transmission of data to our site and encrypt data at rest. If we suspect any suspicious activity on your account then we'll alert you as soon as possible.

If you have any questions or need assistance with your Credit Karma Money checking or savings account, please visit the Credit Karma Help Center for support. For Credit Karma Money: Banking services provided by MVB Bank, Inc., Member FDIC.

Your tax refund was not sent to TurboTax. TurboTax does not handle your refund at all. Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund.

Refund Advance is a loan provided by First Century Bank, N.A., Member FDIC, not affiliated with MVB Bank, Inc., Member FDIC. Acceptance times vary. You could get money in seconds, most customers receive funds within 4 minutes of acceptance.

Credit Karma is not a bank. We partner with MVB Bank, Inc., Member FDIC, to provide banking services supporting Credit Karma Money Spend and Credit Karma Money Save accounts. When you open a Credit Karma Money Spend account, your funds will be deposited into an account at MVB Bank, Inc. and its deposit network.