Updated on Sunday, December 22, 2024: TurboTax is back again with a range of discounts for 2025 to help make filing your taxes a little bit better for your wallet. Below is a rundown of our favorite TurboTax discounts, offers and coupons available at the moment..

10% Off TurboTax Online Versions

TurboTax is offering an extra 10% discount on its online federal tax products when purchased directly through Intuit. This discount is applicable to federal filing options only, not state filings, and can be combined with early-season discounts for even greater savings. This offer is valid until January 31, 2025, and is an excellent option for those who plan to file early.

TurboTax Free Edition for Simple Returns

For taxpayers with basic financial situations, TurboTax’s Free Edition allows for free federal and state tax filing. It’s ideal for straightforward returns, such as Form 1040 filings, and supports credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only about 37% of taxpayers qualify for this edition, as it doesn’t cover complex scenarios like itemized deductions, investments, or business income. For eligible filers, this is a cost-effective solution.

50% Off QuickBooks Solopreneur Bundle

If you’re a freelancer or self-employed individual, TurboTax’s QuickBooks Solopreneur Bundle is available at 50% off for the first three months. This reduces the monthly cost from $20 to $10 and provides tools for managing expenses, tracking income, and organizing finances for tax season.

TurboTax Freedom Edition for Military Members

Active-duty military personnel ranked E1 through E9 can access the TurboTax Freedom Edition for free during the 2025 tax season. This software supports straightforward and complex returns, providing significant savings for service members. Those ranked higher than E9 can still receive a discount by submitting a military W2 tax form from fiscal year 2024.

Exclusive Offers from Financial Institutions

TurboTax frequently collaborates with banks and credit unions to offer exclusive discounts. These deals are typically available through the financial institution’s online portal under their “deals” or “partnerships” section.

No TurboTax Discount for Walden Savings Bank Customers in 2025

For years, Walden Savings Bank customers benefited from TurboTax discounts during tax season. However, this year, the partnership has ended, leaving customers without a direct discount. While this change is disappointing, there are still other ways to save on TurboTax through the offers outlined above.

The reasons behind the discontinuation of this collaboration are unclear, but such shifts in partnerships are not uncommon. Fortunately, Walden Savings Bank continues to provide valuable services to support customers during tax season and beyond.

About Walden Savings Bank: A Community-Centric Institution

Walden Savings Bank has been a cornerstone of the Hudson Valley community since its establishment in 1872. Headquartered in Montgomery, New York, this mutual savings bank has consistently focused on meeting the financial needs of individuals and businesses in the region.

Key Facts About Walden Savings Bank

1. Foundation and Growth
   • Founded in 1872, Walden Savings Bank was created to provide a safe and reliable financial institution for local residents and businesses. It played a significant role in the economic development of the Hudson Valley.
2. Branch Network
   • The bank operates several branches throughout the Hudson Valley, ensuring accessibility for its customers. This local presence underscores its commitment to serving the community.
3. Mutual Ownership Model
   • As a mutual savings bank, Walden Savings Bank is owned by its depositors rather than shareholders. This model prioritizes customer needs over profit-making, enabling the bank to reinvest in better services and products.
4. Adoption of Technology
   • While rooted in tradition, Walden Savings Bank has embraced modern banking solutions. Customers have access to online banking, mobile apps, and digital payment systems, making it easier to manage their finances.

Benefits of Banking with Walden Savings Bank

1. Community-Focused Services
   • The bank’s deep ties to the Hudson Valley ensure it’s invested in local growth. Walden Savings Bank frequently supports community initiatives and small businesses through loans and sponsorships.
2. Personalized Customer Service
   • Walden Savings Bank’s size allows for a personal touch in its services. Customers can develop close relationships with bank staff, making it easier to get tailored advice on mortgages, loans, and savings strategies.
3. Competitive Financial Products
   • The bank offers attractive rates on loans and savings products. Its certificates of deposit (CDs), auto loans, and mortgages are often more competitive than those of larger national banks.
4. Support for Local Businesses
   • Small business owners benefit from tailored loans and credit options that reflect the unique challenges of operating in the Hudson Valley.
5. Financial Education
   • Walden Savings Bank provides workshops and online resources to improve financial literacy, covering topics like budgeting, tax planning, and retirement savings.

Drawbacks of Banking with Walden Savings Bank

1. Limited Geographic Reach
   • With branches confined to the Hudson Valley, customers who move outside the area may find it difficult to access in-person services.
2. Basic Technology Offerings
   • While the bank has made strides in adopting digital tools, its online and mobile banking features may lack the advanced functionalities of larger banks, such as robust financial planning tools or integration with third-party apps.
3. Fewer Specialized Products
   • The focus on community needs means Walden Savings Bank doesn’t offer the extensive range of financial products found at larger institutions, such as international banking or advanced investment options.
4. No TurboTax Discount in 2025
   • The absence of a TurboTax partnership this year is a notable drawback for customers who relied on this annual tax filing perk.

How Walden Savings Bank Supports Customers During Tax Season

Despite the lack of a TurboTax discount this year, Walden Savings Bank continues to assist customers during tax season in meaningful ways:

1. Access to Financial Records
   • Account statements, transaction histories, and other tax-related documents are readily available through the bank’s online and mobile banking platforms.
2. Personal Loans for Tax Payments
   • For customers who need financial assistance to meet tax obligations, Walden Savings Bank offers personal loans with competitive rates, allowing for manageable repayment plans.
3. Financial Planning Services
   • The bank’s advisors can help customers understand the tax implications of their investments, identify deductions, and create financial strategies for the year ahead.
4. Educational Workshops
   • Walden Savings Bank’s commitment to financial literacy extends to workshops on tax preparation, budgeting, and financial planning, equipping customers with the knowledge to navigate tax season effectively.

Alternatives for Saving on TurboTax in 2025

While Walden Savings Bank customers won’t enjoy a TurboTax discount this year, there are still plenty of options to reduce costs:

1. Use Current TurboTax Promotions
   • Take advantage of the 10% discount on federal products, free filing for simple returns, and military-specific offers.
2. Explore Other Financial Institutions
   • Check with other banks and credit unions for TurboTax partnerships. Major institutions like Chase, Bank of America, and Citi Bank often provide exclusive discounts.
3. Leverage Employer Benefits
   • Some companies offer TurboTax discounts as part of their employee benefits packages. Ask your HR department for details.
4. Search for Promo Codes
   • TurboTax frequently releases promotional codes during tax season, which can be found here on BlackerFriday!

Our Final Thoughts

Walden Savings Bank’s absence from TurboTax’s partnership list in 2025 is a setback for customers who valued this annual benefit. However, the bank’s broader commitment to personalized service, community development, and financial education ensures it remains a vital resource for its customers.

For those seeking to maximize savings this tax season, TurboTax’s current discounts and promotions provide alternative opportunities. Additionally, Walden Savings Bank’s financial planning resources and personalized approach to banking continue to offer significant value during tax season and beyond. By staying informed and exploring available options, customers can make well-rounded financial decisions to navigate tax season effectively.