Updated on Tuesday, February 4, 2025: TurboTax is offering several discounts and deals for the 2025 tax season. If you’re planning to file your taxes using TurboTax, here’s a quick overview of the available savings that you can take advantage of today:
1) 20% Off Instant Coupon on TurboTax 2025 Online Versions
TurboTax is offering an instant 20% discount on all its online software versions, including Basic, Deluxe, Premier, and Self-Employed. This offer applies only to federal tax products and does not cover state filings. The discount is valid until February 28, 2025, and can be combined with early-season discounts on select “Live” Full-Service and Assisted Versions. However, this deal cannot be combined with other TurboTax promotions.
2) File for Free if You’ve Never Used TurboTax Before
If you’re a first-time TurboTax user or didn’t use it in the previous year, you can file your taxes for free. This offer allows you to file any tax form through TurboTax’s mobile app at no cost, but it must be done by February 18, 2025. Keep in mind that this offer excludes TurboTax Live services.
3) TurboTax Guarantees To Beat Last Year’s Tax Prep Cost
TurboTax Full Service is offering a minimum 10% discount compared to the tax prep fees you paid to a CPA in 2024. To qualify, enroll by March 18, 2025, and submit your tax return by March 25, 2025. Your price will be based on a 10% discount from your previous fees or TurboTax’s standard pricing, whichever is lower. Proof of last year’s fees may be required to confirm your eligibility. This offer applies only to personal tax filings and cannot be combined with other discounts.
4) Partnership Discounts with Financial Institutions
TurboTax has partnered with a variety of financial institutions and credit unions in the U.S., offering exclusive discounts to customers. Some of the most popular partners include Bank of America, Fidelity Investments, AAA, Vystar Credit Union and PNC Bank (a few former large partners such as Wells Fargo, Truist Bank and Vanguard are not offering discounts on TurboTax this year). To access these discounts, check your bank or credit union’s online portal under sections like “deals” or “partnerships.” Each institution’s offer may differ, so it’s worth exploring the deals available through your bank.
5) TurboTax Free Edition for Simple Returns
TurboTax offers a free version of its software for those with basic tax filing needs. This edition covers federal and state returns for simple tax situations, such as filing Form 1040. It supports credits like the Earned Income Tax Credit (EITC), the Child Tax Credit, and the Student Loan Interest Deduction. However, it’s important to note that only about 37% of taxpayers qualify for the free edition, as it doesn’t include more complex tax situations like business income, itemized deductions, or investment income.
6) Switch to H&R Block & Get 20% Off
For those considering an alternative to TurboTax, H&R Block has a discount running through February 28, 2025. The promotion offers 20% off all versions of H&R Block’s software, including Basic, Deluxe + State, Premium, and Premium & Business. One useful feature of H&R Block is the ability to import tax data from TurboTax with ease, saving you time and effort. If you’re thinking of switching, this discount could be a competitive option.
USAA and TurboTax Discount for 2025
In 2025, USAA members can benefit from significant savings on TurboTax products, continuing a long-standing partnership. USAA offers exclusive discounts on TurboTax software for both its enlisted active-duty members and officers.
For enlisted active-duty and reserve members, USAA provides free federal and state tax returns through TurboTax Online for the 2025 tax season. To qualify, you’ll need to use your military W-2 form and verify your rank. This offer is available from December 4, 2024, to October 15, 2025. However, it excludes TurboTax Live Assisted and TurboTax Live Full Service products.
For active-duty and reserve officers, the discount offers free federal tax filing with TurboTax Online Deluxe. This deal is valid from December 4, 2024, to February 28, 2025, and is also limited to TurboTax Online products only (excluding TurboTax Live or CD/Download versions).
In addition to the free federal filing for military members, those using TurboTax for state filings can access discounts for TurboTax Online versions (Free Edition, Deluxe, Premium). This discount does not apply to TurboTax Live services or CD/Download versions.
USAA also offers discounts of up to 20% for its members on TurboTax Online, Live Assisted, Full Service, and desktop download products. This applies to federal tax products, and the savings are reflected in the prices listed on USAA’s TurboTax co-branded website.
USAA: A Brief Overview
The United Services Automobile Association (USAA) was founded in 1922 by a group of U.S. Army officers who wanted to insure each other’s vehicles. Over time, USAA expanded its services to include banking, insurance, investments, and retirement products, providing members with a broad range of financial services.
USAA serves military members, veterans, and their families, making it a trusted institution for those in the armed forces. The company has built a reputation for its customer-focused approach, often winning high marks for customer satisfaction, particularly in the areas of auto insurance and financial products.
USAA’s core members are active-duty military personnel, veterans, and their immediate families. If you qualify, you can access a variety of products and services ranging from insurance to home loans, investments, and personal banking.
USAA Membership: Benefits and Drawbacks
Benefits
- Tailored Services for Military Families: USAA understands the unique financial needs of military personnel. Whether it’s life insurance, auto insurance, or financial planning, USAA tailors its offerings to support the specific needs of active-duty service members, veterans, and their families.
- Financial Products: USAA provides a full spectrum of financial products, including checking accounts, savings accounts, credit cards, and loans. Members also have access to competitive mortgage rates, with special programs for military families.
- Insurance Coverage: USAA is particularly well-known for its auto and home insurance services. It often offers lower rates for military members, and its policies cover a wide range of needs, including home, auto, life, and renters insurance.
- Customer Support: USAA has a reputation for high-quality customer service, with 24/7 support and a focus on helping military families manage their finances. The company is frequently rated highly for its responsiveness and ease of doing business.
- Rewards and Discounts: Members can access a variety of discounts, including on TurboTax products, as well as rewards programs for credit cards. There are also discounts available for things like travel, car rentals, and shopping, making it easier for military families to stretch their budget.
Drawbacks
- Eligibility Requirements: While USAA offers valuable services, membership is only available to those who have served in the military or are immediate family members of someone who has. This limits the potential customer base for the organization.
- Limited In-Person Locations: USAA operates primarily online, with limited physical branch locations. While this is convenient for many, it can be a drawback for members who prefer face-to-face banking.
- Customer Service Variability: Although USAA is generally highly rated for customer service, some members report mixed experiences, particularly with claims processing or in complex cases. While these issues are not widespread, they can be frustrating.
Signing Up for USAA
If you’re eligible for USAA membership, the sign-up process is relatively straightforward. You can begin by visiting their website and confirming your eligibility. After that, you’ll need to provide some basic personal information and documents to verify your military service or family connection.
Once you’ve been approved, you can set up an account online and start accessing USAA’s suite of products and services. The company’s website and mobile app make it easy to manage your finances, file insurance claims, pay bills, and even connect with customer support.
USAA’s Role in Tax Season
USAA has consistently supported its members by providing access to valuable discounts during tax season. In partnership with TurboTax, USAA members can file their taxes online for free or at a significant discount.
For military members, these savings are especially valuable, as tax season can be a stressful time, particularly for active-duty personnel who may be deployed or otherwise unable to handle their tax filings on their own. By offering tools like TurboTax and free resources for tax preparation, USAA ensures that its members don’t miss out on essential tax benefits or deductions.
Tax Filing for USAA Members
During the 2025 tax season, USAA is continuing its long-standing partnership with TurboTax, offering discounts on tax preparation services. These discounts help military families save on tax software that might otherwise be costly. TurboTax’s easy-to-use platform is especially beneficial for military families dealing with multiple moves or unique tax situations, such as deployments or claiming military-related tax benefits.
Additionally, USAA offers an array of tax resources, including information on tax forms, annuities, and more, helping members navigate the complexities of filing their taxes. Whether you’re filing for the first time or are an experienced taxpayer, USAA’s comprehensive financial support can guide you through the tax season with less stress.
As tax season approaches, USAA continues to be a reliable partner for military families, offering valuable tools like TurboTax discounts and other financial resources. If you’re eligible for membership, signing up for USAA can provide numerous benefits, particularly when it comes to tax preparation and other financial services. Whether you’re filing taxes, managing investments, or securing insurance, USAA offers a range of products designed to meet the specific needs of the military community.
This combination of financial services, exclusive discounts, and tailored resources makes USAA an indispensable ally during tax season and beyond.