Still accepting new clients! Call (866) 681-2140

Using to File Your Taxes

In today’s digital age, managing finances and filing taxes have become significantly easier with the advent of various financial management tools. One such tool that stands out for its efficiency and user-friendliness is Developed by Intuit, has transformed the way individuals and businesses handle their finances, making it simpler to track expenses, create budgets and ultimately, prepare for tax season. This article aims to provide a comprehensive guide on using to file your taxes, detailing its functionalities, user base, advantages and a step-by-step process for exporting and utilizing financial data for tax purposes.

What is is a free online personal finance service created by Intuit, the same company behind popular financial software like TurboTax and QuickBooks. consolidates all financial accounts, including bank accounts, credit cards, loans and investments into a single platform. By doing so, it provides users with a comprehensive overview of their financial status. The primary purpose of is to help users manage their finances by tracking their spending, creating budgets and setting financial goals.

Features of offers a variety of features designed to simplify financial management:

  • Account Aggregation: All financial accounts can be linked and viewed in one place.
  • Expense Tracking: Expenses are automatically categorized and tracked.
  • Budget Creation: Users can create and manage budgets with ease.
  • Bill Reminders: Alerts for upcoming bills and due dates.
  • Credit Score Monitoring: Free access to credit scores and credit monitoring.
  • Financial Goals: Tools for setting and tracking financial goals.

Users is utilized by a wide range of users, from individuals looking to manage personal finances to small business owners seeking an efficient way to track expenses and income.

Typical Users Include:

  1. Individuals: Those seeking to monitor their spending habits, create budgets and achieve personal financial goals.
  2. Families: Families aiming to manage household budgets, track expenses and save for future needs.
  3. Small Business Owners: Entrepreneurs needing an easy way to keep track of business expenses and prepare financial reports.
  4. Freelancers and Contractors: Independent workers who need to monitor income and expenses across various projects.
  5. Accountants: Professionals who manage clients’ finances and require consolidated financial data.

Advantages of Using offers numerous advantages that make it an attractive choice for financial management, particularly during tax season.

Key Benefits:

  1. Ease of Use:’s user-friendly interface makes it accessible to users with varying levels of financial expertise.
  2. Comprehensive Financial Overview: All financial data is available in one place, providing a complete picture of the user’s financial health.
  3. Automated Expense Tracking: Transactions are automatically categorized, reducing the manual effort required for expense tracking.
  4. Budgeting Tools: Users can easily create and monitor budgets, ensuring better financial discipline.
  5. Security: employs robust security measures, including multi-factor authentication and encryption, to protect user data.
  6. Free to Use: is free, making it a cost-effective option for personal and small business financial management.
  7. Customizable Alerts: Alerts for bill payments, low balances and unusual spending help users stay on top of their finances.

Using for Tax Preparation

One of the most significant advantages of using is its utility in tax preparation. By keeping financial data organized and categorized, simplifies the process of filing taxes. Here is a detailed guide on how to leverage for tax purposes:

Exporting Financial Data

To file taxes using data from, the following steps should be followed to export transactions:

  1. Login to
    • Access your account using your login credentials.
  2. Navigate to Account Overview
    • Click on “All Accounts” on the left side of the screen to view all linked financial accounts.
  3. Export Transactions
    • Scroll to the bottom right of the screen where you will see an option in small letters: “Export all #### transactions.”
    • Click on this option to export the transactions into a CSV file.
    • Make sure to regularly categorize your expenses in throughout the year to ensure accuracy when exporting data for tax preparation.

Organizing Data for Tax Filing

Once the data has been exported, it is crucial to organize it correctly for tax filing. Here’s how:

  1. Open CSV File in Excel
    • Open the exported CSV file in Excel or any spreadsheet software.
  2. Create a Pivot Table
    • Use Excel to create a pivot table. This will help in summarizing the data based on categories, dates, or other relevant parameters.
  3. Categorize Transactions
    • Ensure all transactions are correctly categorized. If the user has kept up with categorizing expenses in, this step will be straightforward. Otherwise, use Excel filters to categorize transactions based on the bank-generated memo description.
  4. Prepare Tax Forms
    • For Schedule C (for sole proprietors) or 1120S (for S Corporations), the summarized data from the pivot table can be directly inputted into the relevant tax software or forms. 
    • Although helps organize financial data, it does not directly file taxes. Users need to import the data into tax preparation software like TurboTax, which is also developed by Intuit, for filing.

Tips for Effective Tax Filing Using

  • Consistency: Maintain consistent categorization of expenses throughout the year to ensure accurate data during tax season.
  • Regular Updates: Regularly update and review accounts to catch any discrepancies early.
  • Professional Assistance: Consult with a tax professional if there are any complexities or uncertainties in the data. While is a powerful tool for managing finances and preparing for tax season, consulting with a tax professional is advisable for complex tax situations. stands out as a powerful tool for financial management and tax preparation, offering a seamless experience for users looking to streamline their finances. By aggregating all financial accounts into one platform, automatically categorizing expenses and providing robust budgeting tools, simplifies the daunting task of tax preparation. Whether you are an individual, a family, a small business owner or a freelancer, can help you stay on top of your finances and ensure a smooth tax filing process. Embrace the convenience and efficiency of and let it be your partner in achieving financial success.

For our clients, utilizing can significantly enhance the tax preparation process. By keeping financial data organized and easily accessible, both clients and accountants can enjoy a more efficient and less stressful tax season.

Need to speak to an expert?

Call us today at (833) 829-1120, email us at, or fill out the form and we’ll get in touch immediately.

"*" indicates required fields

✓ Valid number ✕ Invalid number

Award-winning global customer service.


Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.