![]() For every successful match, it earns a small commission. Its entire business model is predicated on suggesting credit cards and loans that its users are likely to be approved for. The company doesn't expect to make money from processing tax returns in the foreseeable future. "Just like in credit, once it's built, it's not that expensive to run," said Lin, whose nine-year-old company has raised $368.5 million and is valued at $3.5 billion.įor Credit Karma, the big payoff is this: More information on its users. "Whether that means one million or 100 million people sign up this year, I don't know." "We think the audience is huge," said Lin. ![]() (A series of questions at the get-go will attempt to weed out the people whose taxes are too complicated. This includes many small business owners, folks with side gigs and landlords who will have access to special schedules and be able to make business deductions. Lin estimates that some 90% of Americans will be able to file through Credit Karma. It will do this by offering the full 1040 form as opposed to the abbreviated 1040EZ or 1040A that TurboTax and other places use for their free filings.Ĭredit Karma has its sights set on the 150 million Americans who file their taxes every year and spend billions of dollars for the privilege of doing so. Filing taxes through the site will be completely free, it says, without exception. Credit Karma has made a name for itself with its no-strings-attached credit scores and says it won't hit taxpayers with surprise fees or try to sell them anything.
0 Comments
Leave a Reply. |