TurboTax Bank of America Discount: 2018 Update

turbotax bank of america discount for 2018

Updated December 13th, 2017: We here at Blacker Friday don’t just monitor all of the most popular Black Friday and Cyber Monday deals every year, but also track many of our favorite offers year-round. And because almost nothing gets us as exceeded as paying our taxes (yes, we’re joking, nobody we know likes paying their taxes), we wanted to let you know that there are a number of great deals available from TurboTax at the moment.  Be sure to check out our TurboTax Deals page for a full list of discounts that you can take advantage of.

However you’re probably here because you’re looking for the TurboTax Bank of America discount (it was one of our favorite offers a few years ago). Unfortunately BofA has ended their partnership with TurboTax back at the end of 2015. The discount link is gone from their “offers” tab once you login to your online account. We’re also talked to the folks at Bank of America and they’ve confirmed that the partnership has ended.

Just so you know, in years past, TurboTax used to team up with some of the top banking and financial institutions to offer partner clients a break on their popular at home tax preparation software – Like what we’ve seen before from Bank of America. However, probably because everyone had access to the offers anyway, it appears that they have moved away from offering specific partner discounts and just offer a general discount for everyone from time to time. Plus they probably had to pay their partners a commission or some sort of fee to get exposure on partner websites or newsletters.

But wait… There may be another tax deal from Bank of America.

The folks at H&R Block have picked up where TurboTax has left off. We’ve seen them offer Bank of America customers 10% cash back if you pay for your H&R Block tax service with a qualifying BofA credit or debit card (up to a maximum of $28.00 back). We haven’t seen it offered yet for the 2018 tax season but scroll down the page to see what was offered last last and where you could find it.

To search for the offer, you will need to login to your online Bank of America account. Once there, navigate to the “cash back deals” link in the top bar. It should look something like this below although it might vary depending on your client level (we have a basic account):

On the main deals page the offer is amount the first five listed so you shouldn’t have any problems finding it.

What we’re just not sure of is if the cash back is only valid for in-person filing at your local H&R Block office or if their online software programs qualify as too. You’ll have to check with them for full details.

But I need TurboTax this year.

OK, no problem!  As we mentioned, check out our main TurboTax offers page for a current list of discounts available at the moment. That includes on the popular online versions of Deluxe, Premier and Self-Employed (formally called Home & Business). If you’re not sure which one you need, then you’ll be able to select the one that best matches your specific tax situation; upgrade or downgrade later on if you need to.

If you’re accustomed to using the desktop versions – that’s where you actually install the software on your computer – then then we are tracking those offer as well so no worries. For those of you that don’t know, we prefer the online versions. That’s because they are nearly identical to their boxed counterparts, except that the programs are purely web-based with no software to install or update. So as long you are connected to the internet you will be able to work on and complete your tax return from your online TurboTax account (from just about any internet-connected device!).

How much will I save?

This year the savings from TurboTax vary from $10.00 to $20.00 off depending on the version you end up selecting (typically they all come out to be around 20% off the list price or so).  Just keep in mind that prices may change at anytime and it’s possible the discount will go away the closer we get to the April 15th, 2018 tax deadline… so, it’s probably not the best idea to wait up until the last minute to take file your tax return if you’re looking for a discount.

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