You can benefit from this type of deduction if you use the actual expense method. One of the more popular options is a business vehicle depreciation deduction. Together, both our consumer and small business platforms provide unique and powerful benefits to third-party developers and partners.When you invest in a business vehicle, there are certain tax deductions you can take. Intuit’s new consumer open platform is focused on consumers and the Intuit Developer Group platform focuses on QuickBooks and small businesses. The open platform will include the creation of a consumer marketplace that will provide developers the ability to offer a variety of financial services to customers. Intuit plans to add more partners over the coming year. We’re dedicated to building long-term relationships with people and we’re using data and technology to deliver significant savings along the way.” “This is an opportunity to help more people save money and achieve their financial goals. “We’re excited to collaborate with Intuit as their first open platform partner,” said Earnest CEO and co-founder Louis Beryl. Since launching its student loan refinancing product in January 2015, Earnest has completed more than $1 billion in loans, saving clients an estimated $300 million collectively. Together, these distinct features of Earnest’s refinancing product translate into an average of over $20,000 in savings per client over the life of their loans. Earnest’s Precision Pricing tool allows borrowers to set their payment according to their budget, and then customizes a loan around that budget, shaving off any unnecessary interest.
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“Like Intuit, Earnest is dedicated to helping people achieve their financial dreams.”Įarnest is the only student loan refinancer to use a holistic approach for underwriting and considers an individual’s full professional and financial profile to offer the best possible rates.
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“We’ve selected Earnest as our first partner because they’re already using data science and software to deliver savings,” added Wernikoff. Starting today, qualifying TurboTax Online users will have the opportunity to consolidate and refinance student loans with Earnest. Intuit takes data stewardship and protecting customer data seriously and gives customers the choice to participate in the platform and grant access to their data to find and apply for money-saving offers.Įarnest First Developer to Join Consumer PlatformĪccording to the Consumer Financial Protection Bureau, about 44 million Americans have student loan debt that combined, totals roughly $1.4 trillion. Wernikoff reinforced that customers’ data belongs to them and that Intuit is a trusted steward of their data. TurboTax also will give customers the ability to see if they’re eligible for certain federal loan repayment programs and benefits. Intuit selected online lender Earnest as the platform’s first developer, giving an estimated 5 million TurboTax customers who may have student loans the ability to use their own data to effortlessly get a refinance estimate. As a platform, we can extend that relationship, delivering value year-round to consumers through collaboration with developers.” “Nothing is more important to us than the trusted relationship we have with our customers. “The scale of our customer base, the breadth of data that our customers can provide, and our ability to deliver a simple, seamless experience combine to differentiate the Intuit open platform,” said Dan Wernikoff, executive vice president and general manager of Intuit’s TurboTax business. The launch of an open platform will drive innovation in financial services that solves consumers’ biggest financial challenges and help them achieve their financial dreams. has announced the launch of an open platform that will, for the first time, enable developers to engage with the nearly 28 million people using the company’s flagship TurboTax Online product.