Chime, one of the largest fintech banking apps, just send out an e-mail confirming that they are again offering “100% Free” tax filing software for both Federal and State returns, including e-file. Available for all new and existing Chime users, this is done in partnership with Column Tax and April, both companies that offer white-label “generic” tax software.
To allay fears of sub-par tax software, they include:
- 100% Accuracy Guarantee: If a user pays an IRS penalty because of a calculation error made by Chime’s tax filing partners april or Column Tax, they will reimburse up to $10,000.
- Max Refund Guarantee: If a member finds they’re eligible for a higher return elsewhere, they will be reimbursed the difference.
One drawback is that you have to do it in-app, which might be cumbersome if you a lot of manual entries. However, they do allow you to scan your last years’ tax return in order to import your data from last year. Chime does not require you to deposit your refund into your Chime Account to qualify for free tax filing.
According to Chime.com/taxes, they support everything up to W-2 income, self-employed, 1099 freelance, gig work income, unemployment income, crypto and/or stock sales, and itemized deductions.
If you are thinking of joining as a new customer, you should first open via a $100 referral link which currently offers a $100 bonus after a $200+ direct deposit within 45 days of opening. That’s mine, thanks if you use it. Chime has no minimum balance and no monthly fees.