Chime Expands Free In-App Tax Filing Program, Enhancing Financial Services Offerings

Chime has broadened the reach of its in-app tax filing pilot program, extending access to millions more eligible members following a successful launch. Through partnerships with registered tax eFile providers Column Tax and april, Chime now offers a streamlined solution for both state and federal tax filing directly within its app, completely free of charge. Members can expect a maximum refund guarantee and the convenience of preparing and filing their taxes in minutes, with the option for expedited federal tax refunds via direct deposit with Chime.

Madhu Muthukumar, Chime's Chief Product Officer, emphasized the company's commitment to providing fee-free financial solutions and simplifying financial processes for its members. The new tax feature not only aligns with Chime's mission but also reflects its dedication to facilitating financial progress for everyday individuals. The company intends to extend this tax-filing feature to all members for the 2024 tax year, further solidifying its position as a provider of accessible and innovative financial services. In parallel developments within the financial technology sector, Intuit has announced advancements in tax preparation through generative artificial intelligence (GenAI) innovations, while Chime has recently unveiled a cash-back feature, Chime Deals, in partnership with Upside, enhancing its array of member benefits.

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