Updated on Sunday, December 22, 2024: As tax season approaches, TurboTax continues to offer a range of discounts and options designed to make filing easier and more affordable. Here’s a rundown of their current 2025 promotions:
1. Extra 10% Off TurboTax Online
Customers can enjoy an additional 10% off TurboTax Online versions when purchased directly through Intuit’s website. This discount applies only to federal tax products, not state filings, and is available on top of early-season discounts. Note that the offer cannot be combined with other TurboTax promotions and is valid until January 31, 2025.
2. Free Edition for Simple Returns
For taxpayers with basic financial situations, TurboTax offers a Free Edition for filing both federal and state taxes. This option is ideal for straightforward returns, such as those requiring only Form 1040, and supports a few key credits, including:
- Earned Income Tax Credit (EITC)
- Child Tax Credit
- Student Loan Interest Deduction
However, only about 37% of taxpayers are eligible for this version, as it doesn’t support more complex filings, such as itemized deductions, business income, or investments. For those who qualify, this is a reliable and cost-effective solution.
3. 50% Off QuickBooks Solopreneur Bundle
For small business owners and self-employed individuals, TurboTax is offering 50% off the QuickBooks Solopreneur Bundle for the first three months. This reduces the cost from $20/month to $10/month and includes tools to simplify income and expense tracking.
4. Free Filing for Military Members
Active-duty military personnel ranked E1 through E9 can file their federal and state taxes for free using TurboTax Freedom Edition. Those above E9 receive a separate discount on TurboTax products. To qualify, a 2024 military W-2 tax form is required.
5. Financial Institution Partnerships
TurboTax often collaborates with banks and credit unions to offer exclusive deals. Check your financial institution’s online portal for any partnership promotions under sections like “Deals” or “Member Discounts.”
TurboTax and NATCO Credit Union: A 2025 Tax Season Collaboration
For the 2025 tax season, NATCO Credit Union is continuing its partnership with TurboTax, offering members a 20% discount on TurboTax federal products. This discount applies across all levels of TurboTax services, providing flexibility to meet a variety of tax needs.
Here’s what each TurboTax service tier offers:
- TurboTax Deluxe: Perfect for taxpayers aiming to maximize deductions, such as those related to homeownership or charitable giving.
- TurboTax Premier: Designed for individuals with more complex finances, including investments, rental property income, or cryptocurrency activity.
- TurboTax Self-Employed: Tailored for freelancers, contractors, and small business owners, this version highlights deductions like home office expenses and business mileage.
- TurboTax Live and Full Service: These premium options include access to tax experts, with Full Service offering a hands-free solution where professionals handle the entire process.
To access this discount, NATCO members simply need to use the credit union’s dedicated TurboTax partnership link. The offer is valid throughout the 2025 tax season, giving members plenty of time to prepare and file.
NATCO Credit Union: History and Membership Overview
Founded in 1945, NATCO Credit Union initially served employees of the National Telephone Company in Richmond, Indiana. Over the decades, NATCO has evolved to include a broader membership base, serving individuals and families in Indiana’s Wayne and Fayette counties, as well as select employee groups.
NATCO operates under the guiding principle of “people helping people,” emphasizing low fees, competitive rates, and member-focused services. As a not-for-profit institution, NATCO reinvests earnings into its community and membership, rather than prioritizing shareholder profits.
Key Facts About NATCO Credit Union:
- Membership Eligibility: Open to residents of Wayne and Fayette counties in Indiana or individuals associated with select employers. Membership requires maintaining a small deposit in a share account.
- Products and Services: NATCO offers a full suite of financial products, including checking and savings accounts, auto loans, credit cards, mortgages, and small business banking solutions.
- Community Involvement: NATCO is deeply embedded in the local community, providing financial literacy programs, sponsorships, and educational workshops.
Benefits of NATCO Credit Union Membership
For members, NATCO Credit Union provides a host of benefits that extend beyond traditional banking:
- Lower Fees: As a credit union, NATCO’s not-for-profit model allows it to charge fewer and smaller fees compared to traditional banks.
- Competitive Loan Rates: Members enjoy reduced interest rates on auto loans, personal loans, and mortgages.
- Financial Education Resources: NATCO offers free workshops and tools to build financial literacy, helping members manage their money effectively during tax season and beyond.
- Member-Centric Approach: Unlike larger banks, NATCO prioritizes personalized service and the needs of its members.
- Exclusive Perks: Discounts like the TurboTax partnership are just one example of how NATCO enhances the value of membership.
Potential Drawbacks of NATCO Membership
While NATCO Credit Union has many advantages, there are a few potential limitations:
- Limited Branch Network: NATCO’s physical branches are confined to a specific geographic area, making it less convenient for members who move or travel outside Indiana.
- Membership Eligibility Requirements: While not overly restrictive, membership is limited to residents of certain counties or employees of select organizations.
- Technology Features: While NATCO provides online and mobile banking, its digital tools may not be as robust as those offered by national banks.
Why the TurboTax Partnership Matters
For NATCO members, the TurboTax discount is a timely and valuable benefit. Filing taxes can be stressful and costly, and this partnership offers a cost-effective way to simplify the process. Here’s why it’s worth taking advantage of:
- Savings: The 20% discount on TurboTax products reduces the financial burden of tax preparation, making it easier to meet filing obligations.
- Flexibility: TurboTax’s tiered service options mean there’s something for everyone, from straightforward returns to complex filings for freelancers and investors.
- Confidence: TurboTax guarantees accuracy and offers audit support, giving members peace of mind during an often stressful time.
Tax Season Tips for NATCO Members
To make the most of this tax season, NATCO members can combine the TurboTax discount with some tried-and-true strategies:
- Stay Organized: Gather documents such as W-2s, 1099s, and receipts for deductions early to avoid last-minute stress.
- Leverage Deductions: Use TurboTax’s tools to identify all eligible deductions and credits, particularly if you have unique expenses like home office costs or charitable donations.
- Plan for Refunds: If you’re expecting a refund, consider using it strategically—whether to pay off debt, boost savings, or invest.
- Seek Expert Advice: If your financial situation is complex, use TurboTax Live or consult a professional tax advisor.
Supporting Financial Wellness Year-Round
Tax season is just one part of the financial picture, and NATCO Credit Union’s commitment to its members extends throughout the year. Whether through low-cost loans, financial education, or partnerships like the TurboTax discount, NATCO empowers members to achieve their financial goals.
For those considering joining NATCO, the credit union’s personalized service and community-focused approach make it a compelling alternative to traditional banking. While it may lack the reach of national banks, its focus on affordability and member satisfaction sets it apart.
Our Final Thoughts
The TurboTax discount for NATCO Credit Union members is a standout benefit during the 2025 tax season. Paired with NATCO’s broader financial services and commitment to member success, it’s a practical way to reduce stress and costs while filing taxes.
Whether you’re already a member or considering joining, NATCO Credit Union offers a thoughtful blend of affordability, community support, and financial empowerment that’s worth exploring.