Last year, Credit Karma announced Credit Karma Tax, a free do-it-yourself tax prep service. It covers a 1040 and is best suited for simpler returns.
Those with multistate filings, a trust or farm subsidies would be better off with an accountant who can offer advice as well as assistance, according to Credit Karma’s founder and CEO, Kenneth Lin. Still, nearly a million Americans used the free filing service, Credit Karma said.
Another such service is H&R Block’s More Zero, which was also introduced over a year ago. More Zero offers free filing for federal 1040EZ, 1040A and 1040 with Schedule A returns, in addition to state returns.
A third offering, Absolute Zero from TurboTax, is in its fourth year. Like the others, it is geared toward taxpayers filing federal 1040A or 1040EZ returns, as well as state returns.
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