TaxAct Offers Financial Health Assessment to Increase Savings for Customers
After Filing Their Taxes, TaxAct Users can Elect to Create a BluPrint™ Financial Report Identifying Opportunities to Receive More Money Beyond Any Tax Refunds
Cedar Rapids, IA – February 6, 2018 – Taxpayers who file their taxes electronically using TaxAct's solutions can potentially save thousands of extra dollars throughout the year in various parts of their financial lives. TaxAct customers can now, following the submission of their tax returns, choose to access a BluPrint™ financial health report which pinpoints opportunities to save money on taxes and beyond. In some cases, TaxAct customers can also receive cash rewards by taking advantage of the savings opportunities identified for them in the BluPrint.
"The amount that people pay in taxes is generally more than their clothing, mortgage, and groceries combined," said Todd Mackay, Executive Vice President of Corporate Development for Blucora, Inc. "Thanks to TaxAct's BluPrint, taxpayers can take advantage of suggested financial opportunities and incentives, and essentially get paid while filing their taxes—streamlining their savings and pocketing more money."
Personalized BluPrint reports can save customers more money over the long term by including links to suggestions from TaxAct partners about opportunities for debt refinancing, life insurance policies, and high-yield checking, which may save customers more money over the long term. For example, a recent college graduate with student loan payments may pursue a BluPrint opportunity to refinance their student loan and save hundreds or thousands of dollars in interest per year. Additionally, an incentive of $300 could be given to this customer for use toward paying down their student loan.
"BluPrint enables TaxAct to serve as a financial health partner for taxpayers all year long—not just at tax time," said Sanjay Baskaran, President of TaxAct. "The development of BluPrint is the next step in our ongoing efforts to channel information from every client's tax return into opportunities to improve their financial future."
