Payments processing giant Square looks set to press ahead with its acquisition of Credit Karma’s tax division for $50 million. Following a concerted effort to beef up its popular Cash App, Square will use the purchase of Credit Karma’s free-to-use tax filing service to provide the perfect supplement to its mobile application.

As previously reported, Credit Karma is currently in the throes of being purchased by accounting software giant Intuit, which owns Turbo Tax. The deal, said to be worth $7.1bn, has drawn attention from the US Justice Department. It has expressed concerns that having Credit Karma and TurboTax under the ownership of one company would reduce customer tax filing choices.



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