An online bank is launching a free tax preparation service for customers just as the IRS starts to offer its own free filing program for taxpayers.
The new feature is a way for Varo Bank N.A. to retain and build trust among its customers, CEO Colin Walsh said in an interview. The goal is to make tax prep easier and less costly. The feature, for both federal and state returns, is only available to those with Varo accounts, but customer interest has been strong, Walsh said.
Varo wants in on the multibillion-dollar tax prep industry just as the ...
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