Updated on Sunday, December 22, 2024: For 2025, TurboTax is once again offering a range of discounts that can help you save on your federal return, whether you’re filing for yourself or your business. Below is a summary of the current TurboTax 2025 discount offers that you can pick up today:
1. 10% Off TurboTax Online Versions
TurboTax is offering a 10% discount on its online federal products when purchased directly from the Intuit website. This discount applies to Deluxe, Premier, and Self-Employed versions of TurboTax, making it a great option for individuals who need extra guidance on deductions or those with more complex returns. Note that this offer is for federal products only—state products are not included. The discount is valid until January 31, 2025, and cannot be combined with other offers.
2. Free Edition for Simple Tax Returns
For those with straightforward tax situations, TurboTax Free Edition provides an excellent option. Taxpayers who qualify can file both their federal and state taxes at no charge. The Free Edition supports the basics like Form 1040 and includes credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only around 37% of taxpayers qualify for this version, as it doesn’t support more complex scenarios like business income, itemized deductions, or investment income.
3. 50% Off QuickBooks Solopreneur Bundle
TurboTax is offering a significant 50% discount on the QuickBooks Solopreneur Bundle for new customers. For the first three months, the bundle, which helps freelancers and small business owners manage finances and taxes, costs just $10/month, down from the regular price of $20/month. This offer is ideal for anyone who wants to simplify their tax preparation and accounting tasks in one place.
4. Free TurboTax Software for Military Personnel (E1-E9)
Active-duty military members with ranks E1 to E9 can access TurboTax Freedom Edition for free. This option covers both federal and state returns, making it an excellent benefit for those in active service. Military members who hold ranks above E9 can still access a discount for their TurboTax filing. To qualify, a military W-2 form from the 2024 tax year must be provided.
5. Exclusive Bank and Credit Union Discounts
TurboTax frequently partners with financial institutions to offer exclusive discounts to their members. These discounts vary by institution, so it’s important to check your bank or credit union’s deals or partnerships section for current offers.
TurboTax and APCU/Center Parc Credit Union: A Partnership for Financial Benefits
For the 2025 tax season, APCU/Center Parc Credit Union is once again teaming up with TurboTax to provide a 10% discount on TurboTax’s online federal products. This partnership is part of the credit union’s ongoing efforts to help its members manage their finances effectively, especially during tax season.
What Does the APCU/Center Parc Discount Cover?
The 10% discount applies to several versions of TurboTax software, each designed for different types of tax situations:
- TurboTax Deluxe: This version is ideal for individuals who want to maximize their deductions and credits, particularly those who have itemized expenses like mortgage interest or charitable donations.
- TurboTax Premier: Tailored for people with investments, rental property income, or cryptocurrency transactions, this version helps navigate more complex financial situations.
- TurboTax Self-Employed: Specifically for freelancers, contractors, and small business owners, this version includes tools for managing home office deductions, mileage, and other self-employment expenses.
- TurboTax Live and Full Service: These options provide real-time expert assistance, with TurboTax Live offering guidance from tax professionals and Full Service handling the entire filing process.
To access the discount, APCU/Center Parc members must use a special link provided by the credit union. This link automatically applies the 10% savings when you login to your TurboTax account, simplifying the process and ensuring the discount is applied without any extra steps.
About APCU/Center Parc Credit Union
APCU (Atlanta Postal Credit Union), established in 1925, is one of the largest and most trusted credit unions in the United States. Initially serving employees of the U.S. Postal Service in Atlanta, it has since expanded to include more members and offer a wide range of financial services. APCU’s long-standing history and focus on community make it a valuable resource for its members.
The Formation of Center Parc Credit Union
In an effort to expand its reach and offer more personalized services, APCU launched Center Parc Credit Union as a division. Operating primarily in Atlanta and Savannah, Georgia, Center Parc focuses on community engagement and financial education. This division has helped further the credit union’s mission to support individuals and families in achieving financial success.
Locations and Membership
APCU/Center Parc has several branches throughout Georgia, including locations in Atlanta and Savannah. Additionally, members can access a network of shared branches and ATMs nationwide, ensuring convenience whether they’re at home or traveling.
Membership is open to various groups, including:
- Employees of partner organizations
- Residents of certain geographic areas
- Immediate family members of current members
This broad membership eligibility allows many individuals to take advantage of the benefits offered by APCU and Center Parc.
Key Benefits of APCU/Center Parc Membership
APCU/Center Parc offers a variety of benefits that make it an attractive option for people looking for affordable and reliable financial services. Some of the key benefits include:
- Lower Fees and Better Rates: As a not-for-profit financial cooperative, APCU/Center Parc prioritizes its members over profit. This means members typically enjoy lower loan rates, higher savings yields, and minimal fees compared to traditional banks.
- Comprehensive Range of Services: From basic checking and savings accounts to mortgages, auto loans, and credit cards, APCU/Center Parc provides a full suite of financial products designed to meet its members’ needs.
- Community Focus: Center Parc, in particular, emphasizes financial literacy and community engagement through programs such as workshops, webinars, and sponsorships for local initiatives.
- Digital Banking: Members have access to robust online and mobile banking tools, allowing them to manage their accounts, transfer funds, and pay bills remotely.
- Exclusive Member Discounts: Through partnerships like the one with TurboTax, APCU/Center Parc members can access exclusive savings on products and services that support their financial goals.
- Financial Counseling: APCU/Center Parc provides resources and personalized financial education to help members improve their financial health.
Potential Drawbacks of APCU/Center Parc
While APCU/Center Parc offers numerous benefits, there are a few limitations to consider:
- Membership Requirements: While membership is open to a broad group, it’s not available to everyone. Individuals must meet specific criteria to qualify for membership.
- Limited Branch Network: Although the credit union has several branches in Georgia, members outside these areas may need to rely on digital banking or shared branch networks for services.
- Technology Limitations: While the credit union’s digital tools are functional, they may lack some of the advanced features offered by larger banks or fintech companies.
- Limited Specialized Products: Credit unions like APCU/Center Parc typically focus on core financial products and may not offer as many niche or specialized services as larger institutions.
How APCU/Center Parc Supports Members During Tax Season
Tax season can be a stressful time, but APCU/Center Parc provides several resources to help its members navigate the process with ease:
- TurboTax Discount: The 10% discount on TurboTax products is one of the credit union’s most valuable offerings during tax season. This discount helps make tax filing more affordable, whether you’re filing a basic return or dealing with a more complex financial situation.
- Financial Education: APCU/Center Parc frequently hosts workshops and webinars to help members understand key tax concepts, from deductions to credits, and ensure they file correctly.
- Tax Tools: Members can use the credit union’s online banking platform to keep track of their financial records, categorize transactions, and prepare for tax season. This makes the filing process easier and more efficient.
- Loan Options for Tax Payments: If you owe taxes and need help covering the costs, APCU/Center Parc offers personal loans with competitive rates. This can be a useful alternative to high-interest credit cards when managing tax payments.
How to Maximize Tax Season Savings with APCU/Center Parc
Here are a few tips to make the most of tax season as an APCU/Center Parc member:
- Take Advantage of the TurboTax Discount: The 10% savings on TurboTax software is an easy way to lower your tax filing costs. Be sure to use the credit union’s dedicated link to ensure the discount is applied.
- Get Organized Early: Use APCU/Center Parc’s digital tools to organize your financial records. Being well-prepared will help you avoid mistakes and ensure you don’t miss out on any deductions or credits.
- Review Eligible Deductions and Credits: TurboTax software is designed to help you find all applicable deductions, from student loan interest to child tax credits. Review these thoroughly before filing.
- Plan for Your Refund or Tax Payments: If you’re expecting a refund, consider saving it in a high-yield savings account or using it to pay down debt. If you owe taxes, look into APCU/Center Parc’s loan options to avoid late penalties.
Our Final Thoughts
APCU and Center Parc Credit Union have long been dedicated to providing valuable financial services to their members. Through their partnership with TurboTax, members can take advantage of helpful discounts during tax season. This partnership, combined with the credit union’s educational resources, makes APCU/Center Parc an invaluable tool for managing finances and taxes. Whether you’re a new or long-time member, APCU/Center Parc continues to be a strong ally in helping you meet your financial goals.