Updated on Sunday, December 22, 2024: Here’s a look at the current TurboTax 2025 discounts available today (this list is updated through the April 15th tax deadline as new deals are released).
Current TurboTax 2025 Discounts
- Extra 10% Off TurboTax Online (Federal Products)
- TurboTax is offering an additional 10% discount on its federal tax preparation software when ordered directly through Intuit’s website. This discount applies to TurboTax federal products only (state filings are excluded) and can be combined with early-season discounts. However, it cannot be used in conjunction with other TurboTax offers. Be sure to act fast—this deal ends on January 31, 2025.
- TurboTax Free Edition for Simple Returns
- Taxpayers with straightforward filing needs can take advantage of TurboTax’s Free Edition. This option allows eligible users to file both federal and state taxes at no cost. It’s ideal for simple returns that involve forms like the basic Form 1040 and credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. Keep in mind that only about 37% of taxpayers qualify for this edition, as it doesn’t support complex filings involving business income, investments, or itemized deductions.
- 50% Off QuickBooks Solopreneur Bundle
- For self-employed individuals and small business owners, TurboTax offers a 50% discount on its QuickBooks Solopreneur Bundle. This package, designed to streamline bookkeeping and tax preparation, is available for $10/month (reduced from $20/month) for the first three months.
- Free TurboTax Software for Active Military (E1–E9)
- Active military members ranked E1 through E9 can file their taxes for free with the TurboTax Freedom Edition. Military members ranked higher than E9 may still qualify for a discounted rate. To claim the offer, users must provide a military W-2 tax form from fiscal year 2024.
- Exclusive Discounts Through Financial Institutions
- TurboTax partners with banks and credit unions to provide special discounts. Members can often access these offers through their financial institution’s online portals under “deals” or “partnerships.” This brings us to one of the most notable partnerships this year: TurboTax’s collaboration with the Credit Union of Texas (CUTX).
TurboTax and the Credit Union of Texas (CUTX) Partnership
For many Credit Union of Texas members, filing taxes has become more manageable thanks to the ongoing partnership between the credit union and TurboTax. This year, CUTX is once again offering its members a 20% discount on TurboTax services. Here’s what you need to know about this valuable benefit.
What Does the CUTX TurboTax Discount Cover?
CUTX members can enjoy savings on several TurboTax products, depending on their tax filing needs:
- TurboTax Deluxe: Helps filers identify and maximize deductions related to homeownership, medical expenses, and charitable contributions.
- TurboTax Premier: Perfect for those with investments or rental property income, offering advanced support for capital gains, dividends, and more.
- TurboTax Self-Employed: Ideal for freelancers, gig workers, and small business owners. It helps track expenses, identify industry-specific deductions, and manage more complex tax scenarios.
To claim the discount, members must access TurboTax through a special link available on the CUTX website or member portal. This seamless process ensures that members get both the discount and TurboTax’s comprehensive features.
Understanding CUTX: A Trusted Partner in Financial Success
CUTX has a long-standing reputation for serving its members with integrity and dedication. Here’s an in-depth look at the credit union’s history, offerings, and role during tax season.
A Brief History of CUTX
The Credit Union of Texas began its journey in 1931 as the Dallas Teachers Credit Union, catering to the financial needs of educators in North Texas. Over time, its membership base expanded beyond teachers, leading to the adoption of its current name. Today, CUTX serves over 150,000 members and manages more than $2 billion in assets.
While its roots are deeply tied to education, CUTX now supports a diverse membership, including individuals who live, work, worship, or attend school in select Texas counties. Immediate family members of existing members are also eligible to join.
Accessibility and Services
CUTX combines the convenience of physical branches with a robust suite of digital tools. While its branches are concentrated in North Texas, members can benefit from:
- Online Banking: Manage accounts, transfer funds, and pay bills remotely.
- Mobile App: Features like mobile check deposit and account tracking make banking on the go simple.
- Shared Branching Network: Members can access services at thousands of partner branches and ATMs across the nation.
CUTX and Tax Season Support
CUTX is more than just a financial institution; it’s a resource hub for members preparing for tax season. Some of its key offerings include:
- Tax-Advantaged Accounts
- IRAs (Traditional and Roth): Contributions to Traditional IRAs may lower taxable income, while Roth IRAs allow for tax-free withdrawals in retirement.
- Health Savings Accounts (HSAs): Save pre-tax dollars for qualified medical expenses, offering both short-term and long-term tax benefits.
- Financial Tools
- Direct Deposit: CUTX simplifies receiving tax refunds through direct deposit into member accounts.
- Savings Accounts: Competitive rates on savings accounts make CUTX a great choice for managing refunds or building financial reserves.
- Educational Resources
- Workshops, online calculators, and one-on-one financial counseling sessions help members make informed decisions during tax season.
Benefits of CUTX Membership
As a credit union, CUTX prioritizes its members’ financial well-being. This includes:
- Lower Fees: Compared to traditional banks, CUTX offers accounts and services with minimal fees.
- Competitive Rates: Members can enjoy favorable rates on loans, credit cards, and savings accounts.
- Community Support: CUTX actively invests in local communities through scholarships, charitable donations, and outreach programs.
CUTX’s partnership with TurboTax and its suite of financial tools make it easier to navigate the complexities of tax season. But preparation is key. Here are some tips to ensure a smooth filing process:
- Claim the CUTX TurboTax Discount: Don’t miss the 20% savings on TurboTax products.
- Organize Early: Gather essential documents like W-2s, 1099s, and receipts to streamline your filing.
- Leverage Tax-Advantaged Accounts: Maximize contributions to IRAs and HSAs before the tax deadline.
- Understand Deductions and Credits: Research eligible credits like the Child Tax Credit and education-related deductions.
- Use E-Filing: Opt for electronic filing to ensure faster processing and quicker refunds.
Final Thoughts
The collaboration between TurboTax and the Credit Union of Texas highlights the value of partnerships in simplifying tax season. Beyond this partnership, CUTX continues to demonstrate its commitment to member success with its financial services, educational resources, and community engagement. Whether you’re filing a simple return or navigating complex deductions, CUTX provides the tools and support to help you tackle tax season confidently.