Updated on Tuesday, December 31, 2024: Tax season is officially here and if you plan on using TurboTax to file your return this year, then you’ll be able to take advantage of several offers that are now available. Below are our favorite current offers:
- Extra 10% Off TurboTax Online:
Save an additional 10% on TurboTax Online federal products with instant coupon, when ordering directly through Intuit. This discount is on top of early-season savings (up to 40% off). Note that it does not apply to state products and cannot be combined with other offers. The promotion runs until January 31, 2025. - TurboTax Free Edition for Simple Returns:
Designed for individuals with straightforward tax situations, the Free Edition allows eligible users to file both federal and state taxes at no cost. It supports basic filings like Form 1040 and certain credits, such as the Earned Income Tax Credit (EITC) and Child Tax Credit. However, only about 37% of taxpayers qualify, as it excludes complex scenarios like itemized deductions, business ownership, or investments. - TurboTax Freedom Edition for Military Personnel:
Active-duty military personnel ranked E1 through E9 can use TurboTax Freedom Edition for free. Those ranked above E9 receive a discount but are not eligible for the free version. A valid military W2 form from the 2024 fiscal year is required. - 50% Off QuickBooks Solopreneur Bundle:
For freelancers and small business owners, the QuickBooks Solopreneur Bundle is available at half price for the first three months, dropping the monthly cost from $20 to $10. - H&R Block Competitor Discount:
If you’re exploring alternatives, H&R Block offers a 20% discount on all its tax software versions until January 31, 2025. Their software allows seamless import of previous returns filed with TurboTax (.tax or PDF files). - Bank and Credit Union Discounts:
TurboTax partners with several financial institutions to offer exclusive discounts ranging from 10% to 20% off. That incudes major institutions such as AAA, Bank of America, PenFed, BECU, Fidelity, and First Tech. Check your bank or credit union’s deals section to see if any offers are available.
TurboTax Discount for VyStar Credit Union Members:
VyStar Credit Union members are eligible for a 20% discount on TurboTax federal products. To access the discount, log in to your VyStar online account and follow the provided link. Keep in mind:
- The discount applies only to TurboTax federal products, not state filings.
- Offers cannot be combined with other TurboTax promotions.
- Pricing and terms may vary based on the product selected and are subject to change without prior notice.
VyStar has a history of collaborating with TurboTax, consistently offering members discounts during tax season. This partnership simplifies the filing process while providing savings for eligible members.
About VyStar Credit Union:
History and Background:
Founded in 1952 in Jacksonville, Florida, VyStar Credit Union began as Jax Navy Federal Credit Union, serving military personnel. Over time, it expanded its membership criteria to include residents and businesses across Florida and parts of Georgia. Today, VyStar is one of the largest credit unions in the United States, with over 800,000 members and billions in assets.
Membership and Services:
VyStar offers a range of financial services, including savings accounts, loans, credit cards, and financial education tools. Membership is open to anyone living or working in Florida or parts of Georgia. Joining requires a small initial deposit, typically $5, into a savings account.
Tax-Related Services:
VyStar provides several resources to help members during tax season:
- TurboTax Discount: A direct link to TurboTax’s 20% off promotion for federal filings.
- United Way of Northeast Florida’s RealSense™ Program: Members can access free tax preparation services through RealSense, which helps eligible individuals and families file federal returns. Appointments are available across Northeast Florida counties, including at certain VyStar branches.
- MyFreeTaxes.com: An online platform for eligible individuals to file simple federal tax returns at no cost.
Benefits and Cons of VyStar Membership:
Benefits:
- Member-Focused Services: As a not-for-profit institution, VyStar prioritizes member needs over profits, offering lower fees and competitive rates.
- Access to Discounts: Partnerships with companies like TurboTax provide exclusive savings.
- Community Involvement: VyStar actively supports local communities through financial literacy programs and charitable initiatives.
Cons:
- Limited Accessibility: Membership is restricted to residents in certain regions, which may limit availability for some individuals.
- Fewer Branches Compared to Banks: While VyStar has numerous branches in Florida, it may not be as accessible as nationwide banks for non-members.
Filing Resources and Forms:
VyStar members can download commonly used IRS tax forms directly from their website or through links to the IRS site. These include:
- 1040: Standard U.S. Individual Income Tax Return.
- 1040-SR: Tailored for taxpayers aged 65 and older.
- W-4: Employee’s Withholding Certificate.
- W-2: Wage and Tax Statement for employees.
- 1099: Used for non-employee income, including freelance work.
- 4868: Application for an extension to file taxes.
Additional forms like Schedules A through SE are also accessible, covering itemized deductions, capital gains, and self-employment taxes.
Protecting Yourself During Tax Season:
Tax identity theft is a growing concern, where criminals file fraudulent returns using stolen Social Security numbers. Protect yourself with these tips:
- File taxes early to prevent fraudulent filings under your SSN.
- Use strong passwords for financial accounts.
- Avoid sharing sensitive information online or through unsecured channels.
- Shred documents containing financial information before discarding them.
If you suspect tax identity theft:
- Submit IRS Form 14039 (Identity Theft Affidavit).
- File your return by mail if electronic filing is rejected.
- Contact the IRS and respond to correspondence promptly.
- Place fraud alerts with credit bureaus and consider freezing your credit.
VyStar partners with CyberScout® to offer identity protection services, including credit monitoring and fraud alerts. Members can explore these services to enhance security.
Contact Information:
VyStar members seeking assistance with taxes, identity theft, or other financial matters can contact the credit union’s representatives. The contact center is open Monday through Saturday from 7:00 a.m. to 7:00 p.m., excluding holidays.
Phone Numbers:
- Local: 904-777-6000
- Toll-Free: 800-445-6289
For more information, visit VyStar’s website or consult their financial literacy resources.