Want Your Tax Refund in Crypto? TurboTax and Coinbase Have You Covered.

Want Your Tax Refund in Crypto? TurboTax and Coinbase Have You Covered.

The TurboTax website on a smartphone. Users will now have the option to turn their tax refunds into cryptocurrency.





Photo:



Tiffany Hagler-Geard/Bloomberg News









































































TurboTax is offering customers a new way to get their tax refunds: in cryptocurrencies. 



The tax-preparing software, owned by

Intuit Inc.



INTU -4.75%



, will prompt users to send parts or all of their refund to a

Coinbase



COIN -3.23%



Global Inc. account. Coinbase said those who don’t have an account will get a link to open one. 



Users have the option to turn their refunds into more than 100 cryptocurrencies, such as bitcoin or ethereum. 



Coinbase said the deal with TurboTax is part of its plan to grow its direct deposit business. Last month, New York City Mayor



Eric Adams

said he used Coinbase to convert his first mayoral paycheck into bitcoin and etherium.