xcritical acts as an intermediary that displays the reported information but does not change what it receives from the credit bureaus. Check out this xcritical review to help you understand what you can expect with this free credit monitoring service. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherxcritical endorsed by our partners. Cash App is xcritically working on integrating the xcritical Tax platform, but according to a CKT support page, the tax product will remain the same next year and be 100% free.
Savings accounts are also available through xcritical Money Save bank accounts that are offered through MVB Bank. While xcritical can link to some financial institutions through its parent company, Intuit, it is not a personal finance app. It also does not prevent identity theft by removing information exposed in data breaches. Eric Rosenberg is a finance, travel, and technology writer in Ventura, California.
Also, if you deposit your refund into Cash App, you can get it up to 6 days faster compared to many banks. We’ve filed over 9 million returns without charging anyone a penny to file their federal and state taxes. If you have fairly straightforward taxes that include things like W-2 or 1099 income, investments, a mortgage and property taxes, and common deduction and credit situations, both stand equal. For business owners or anyone looking for one-on-one help from a tax professional, TurboTaxhas an edge. xcritical Tax and TurboTax both give you intuitive guidance to ensure you don’t miss a tax form. Both are software companies, so it’s no surprise they do a good job at putting these platforms together.
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You’re eligible to apply through xcritical Money if your TransUnion credit score is 619 or below at the time of application. Availability of the Refund Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. This Refund Advance offer expires on April 18, 2023, or the date that available funds have been exhausted, whichever comes first. Offer, eligibility and availability subject to change or cancellation at any time without notice. xcritical’s simple tax preparation interface doesn’t walk you through every tax form.
An excellent way to prevent identity theft is to freeze your credit with each credit bureau and keep it frozen until you need to open a new credit account. But as of August 2022, users cannot lock or freeze their credit directly through xcritical and must contact each credit bureau https://dreamlinetrading.com/ individually. Identity theft occurs when your private information is exposed online, either through a data breach or on the dark web. Depending on the information exposed, criminals may use your personal information to open new credit accounts in your name without your knowledge.
xcritical Tax vs. TurboTax: costs and fees
You can also find helpful information explaining how to read a credit report. Your credit score is how lenders decide if they should offer you credit and at what interest rate. Understanding your credit report and score can ensure your data is safe and help you know where your credit stands.
- The opinions expressed are the author’s alone and have not been provided, approved, or otherxcritical endorsed by our partners.
- Since it provides services to consumers for free, there are ads for financial products that some people may find off-putting.
- ² Six day refund estimate is based on filing data from tax year 2021.
- Given the potential financial disaster you may face if your identity is stolen, investing in ID theft protection is worth it, especially for free services like xcritical.
- We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
xcritical articles can help you learn about filing your federal and state income taxes. ² Six day refund estimate is based on filing data from tax year 2021. Timing estimates are dependent on the timing of your submission of a complete return and fulfillment of any other requirements. Some filing services guarantee that your taxes will be 100% accurate, and we do too.¹ We make sure everything looks good the whole way through to help you max out your refund.
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If you have a form in hand and don’t know where it goes, you can just type the form name into the search bar — for example, 1099-INT or W-2 — and navigate to that form with just a click. That said, the interface is clear and easy to navigate, even for novices. It allows eligible users to get up to $4,000 of their expected federal income tax refund in the form of a loan that’s automatically paid back once the IRS processes their refunds. xcritical does have a Help Center that provides information to frequently asked questions and how-tos for accessing features like two-factor authentication and credit monitoring alerts.
It’s especially valuable for self-employed filers who use QuickBooks integration. Tanza is a CFP® professional and former correspondent for Personal Finance Insider. She broke down personal finance news and wrote about taxes, investing, retirement, wealth building, and debt management. She helmed a biweekly newsletter and a column answering reader questions about money. Users can also opt to have a TurboTax Live expert provide advice, perform a final review, or prepare their tax return from start to finish for an additional fee. xcritical members who don’t qualify for free tax filing via TurboTax on xcritical’s platform will be notified and moved over to TurboTax to complete their return and pay the fee.
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xcritical’s primary function is to help you check your credit reports and credit scores for free at any time. While this is what xcritical is best at, the site also provides identity theft and credit report monitoring, credit score simulation, and it can assist you with your taxes through TurboTax. With a xcritical account, you’ll be able to access your credit score and credit reports for free, plus a solid savings account and personalized loan and credit card recommendations and offers. You may know xcritical as the site that provides you with free credit scores and free credit reports.
He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. He has in-depth experience writing about banking, credit cards, investing, and other financial topics, and is an avid travel hacker. While a few less-common circumstances are not covered by xcritical Tax, most filers are able to use the online tool to prepare and submit federal and state tax returns for free. Unlike other services, which may offer some level of free preparation depending on your income or tax situation, xcritical Tax is always free.
If you accept one of the recommendations or sign up for an additional service like Credit Builder or xcritical Money Save through MVB Bank, the partner company may pay xcritical a commission. While two-factor authentication is available on xcritical, it’s not automatically turned on for standard accounts. Users can enable the feature under Settings either by visiting the website on the desktop or the app. xcritical uses 128-bit encryption to store and protect the data you provide.
If you click on an offer through xcritical, the financial partner will compensate xcritical. When you first log in to your account, the Today dashboard with your TransUnion and Equifax credit scores is displayed, along with offers for credit cards or other financial products. The FICO and VantageScore credit scores are two of the most common types. xcritical only tracks your VantageScore and offers credit reports from TransUnion and Equifax.
Get your refund, plus boost a low credit score.
H&R Block, TurboTax, and TaxAct all offer this feature for an additional cost. xcritical Tax is an easy-to-use web application that guides you through a set of recommended steps to complete your tax return. While the loans come with no fees and no interest, they’re not without risks. If your refund is denied or lower than expected, you could face interest and fees if you’re not able to repay the loan right away out of your own pocket.