Updated on Monday, December 23, 2024: Just like every year, TurboTax offers various discounts throughout the season to help you save on when filing using their tax software. Here’s a roundup of the top deals available today (we’re updating this list as new offers get released through the April 15, 2025 tax deadline):
1. 10% Extra Discount on TurboTax Online Versions
When you order TurboTax federal products directly through Intuit, you’ll receive an extra 10% discount with this instant coupon on top of early-season savings of up to 40%. This offer is valid until January 31, 2025, and applies only to federal filings (state filings are excluded). Note that the discount cannot be combined with other promotions.
2. TurboTax Free Edition for Simple Returns
For those with basic tax needs, TurboTax’s Free Edition allows you to file both federal and state taxes at no cost. It’s ideal for straightforward returns, including Form 1040 filings and limited credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. Keep in mind, however, that only about 37% of taxpayers qualify for this option, as it doesn’t support complex situations like investments, business income, or itemized deductions.
3. 50% Off QuickBooks Solopreneur Bundle
Small business owners and freelancers can save 50% on the QuickBooks Solopreneur Bundle for the first three months. This bundle reduces the cost from $20/month to $10/month, offering a seamless way to manage expenses and track earnings.
4. Free TurboTax Freedom Edition for Military Personnel
Active-duty military members ranked E1 through E9 can take advantage of the TurboTax Freedom Edition for free. Higher-ranked personnel receive an additional discount instead. To qualify, military users must provide a W-2 tax form from fiscal year 2024.
5. Discounts Through Financial Institutions
TurboTax collaborates with banks and credit unions nationwide to offer exclusive savings, such as Bank of America, Fidelity, Schwab and BECU. To check if your institution has a partnership, log into your online banking portal and navigate to the “Deals” or “Partnerships” section.
Exclusive TurboTax Discounts for AAA Members
As a AAA member, you gain access to exclusive TurboTax savings that make filing your taxes more affordable. TurboTax’s partnership with AAA provides members with discounts on various products, helping you find the best fit for your tax needs.
How to Access AAA Member Discounts
AAA members can claim their TurboTax discounts by logging into their AAA account and navigating to the “Discounts and Special Offers” section. From there, you’ll find the TurboTax promotion link, which automatically applies the discount at checkout. Here’s how to redeem it:
- Log in to your AAA account at aaa.com.
- Go to the “Discounts and Special Offers” section.
- Locate the TurboTax deal and follow the link to purchase your chosen TurboTax product.
No service codes are needed; the discount is applied automatically through AAA’s affiliate link. Here’s where you can learn more about the partnership.
How Much Can You Save?
AAA members typically save up to $20 on TurboTax products, including Deluxe, Premier, and Self-Employed versions. These discounts are designed to provide affordable options for members, from basic tax filing needs to more complex situations involving investments or small business income.
A Closer Look at AAA: History, Benefits, and Tax-Season Relevance
The American Automobile Association (AAA) has long been known for its roadside assistance services, but its offerings extend far beyond emergency car repairs. With over 60 million members in North America, AAA provides a wide range of benefits, including travel discounts, financial services, and exclusive deals like the TurboTax discount.
Background and History
Founded in 1902, AAA was initially established to advocate for better roads and driver safety during the early days of automobiles. Over the years, it expanded its services to include travel planning, insurance, and member-exclusive perks. Today, it’s one of the largest not-for-profit member organizations in the U.S., with regional branches serving diverse communities.
Financial Services Offered by AAA
While AAA is best known for its travel and roadside benefits, it also provides financial services that are particularly useful during tax season. These include:
- Identity theft protection services to safeguard your financial data.
- Discounts on tax preparation software, including TurboTax.
- Access to financial planning resources through partner institutions.
How to Sign Up for AAA
Joining AAA is straightforward and can be done online or through a local office. Membership fees vary by region and tier, with options ranging from basic roadside assistance to premium plans that include additional perks like free towing for longer distances and international travel insurance.
Benefits of AAA Membership
- Roadside Assistance: Reliable help for vehicle breakdowns, flat tires, and towing needs.
- Travel Perks: Discounts on hotels, car rentals, and vacation packages.
- Financial Savings: Exclusive deals on services like TurboTax, which can save you money during tax season.
- Insurance Options: Members can access auto, home, and life insurance policies through AAA affiliates.
Drawbacks of AAA Membership
While AAA offers numerous benefits, it may not be the right fit for everyone. Some potential downsides include:
- Membership Costs: Annual fees can range from $50 to over $150, depending on your region and chosen plan.
- Regional Variations: Benefits and discounts can vary by location, so availability may be limited for certain perks.
- Limited Financial Services: While AAA provides access to some financial resources, its offerings are not as comprehensive as those of a dedicated financial institution.
Tax Filing Tips for AAA Members
If you’re filing taxes this season, AAA’s partnership with TurboTax offers a seamless way to save. Here’s why it’s worth considering:
- Convenience: TurboTax’s user-friendly platform simplifies the filing process, whether you’re using the Free Edition or an advanced version like Self-Employed.
- Affordable Options: The AAA discount ensures you get top-tier tax software at a lower cost, making it accessible even for those with complex tax needs.
- Comprehensive Support: TurboTax provides tools and resources to ensure you maximize your deductions and credits, particularly if you’re a freelancer, small business owner, or investor.
Our Final Thoughts
AAA’s collaboration with TurboTax highlights the organization’s commitment to providing value to its members. By leveraging your AAA membership, you can save on high-quality tax preparation tools while enjoying the additional perks that come with being a member. As tax season progresses, remember to check for updated deals and take full advantage of the resources available to make filing as stress-free as possible.