Post by healthy11 on Mar 28, 2017 22:06:14 GMT -5
www.cbsnews.com/news/a-high-stakes-battle-over-free-tax-preparation/
Among other things, the article points out "Financial services company Credit Karma, known for providing free credit scores and credit monitoring, has been touting its latest giveaway: It’s offering free federal and state tax preparation and electronic filing for the first time.
Read the forms carefully, however. Credit Karma will ask permission to use the personal information gleaned from the tax filing to directly market financial products to those signing up for the free service.
“We get to understand our members better,” said Bethy Hardeman, chief consumer advocate at Credit Karma. “We can offer loans, credit cards, balance transfer that are tailored to a situation with the better information....”
Among other things, the article points out "Financial services company Credit Karma, known for providing free credit scores and credit monitoring, has been touting its latest giveaway: It’s offering free federal and state tax preparation and electronic filing for the first time.
Read the forms carefully, however. Credit Karma will ask permission to use the personal information gleaned from the tax filing to directly market financial products to those signing up for the free service.
“We get to understand our members better,” said Bethy Hardeman, chief consumer advocate at Credit Karma. “We can offer loans, credit cards, balance transfer that are tailored to a situation with the better information....”