Updated on Monday, February 17, 2025: TurboTax is back with a number of offers for the 2025 tax season, including partner exclusives, such as for MasterCard holders. Below is a breakdown of our favorites that you can pick up today (we’re updating this list on an ongoing basis through the April 15th filing deadline):

Additional 20% Off Online Versions

TurboTax is offering an extra 20% off on all its online versions of the software, including Basic, Deluxe, Premier, and Self-Employed. This discount is valid for federal tax filings only and excludes state filings. However, this discount can be combined with early-season discounts (for a total of up to 40% off!) on select “Live” Full-Service and Assisted Versions. This deal is valid until February 28, 2025. Keep in mind that this cannot be combined with other ongoing promotions.

TurboTax is Offering to Beat the Price You Paid a CPA or Licensed Tax Preparer Last Year

Save at least 10% with TurboTax Full Service compared to the tax prep fees you paid last year. Enroll by March 18, 2025, and file your 2024 tax return by March 25, 2025 to lock in the savings. Your price will either be 10% lower than what you paid last year or based on TurboTax’s standard pricing, whichever is cheaper. Proof of last year’s tax prep fees may be necessary to qualify. This promotion only applies to personal tax filings and is not valid with other offers.

Free Filing for First-Time TurboTax Users

For those who have never used TurboTax before or skipped the software last year, there’s a chance to file your taxes for free this year. You can use the mobile app to file any tax form at no charge, but this offer is valid only if you file by February 28, 2025. Note, TurboTax Live services are not included in this offer. Some exclusions may apply.

Exclusive Partner Discounts

TurboTax has partnered with various financial institutions and credit unions across the country, such as AAA, Bank of America, Fidelity and USAA, offering exclusive discounts to their customers. These discounts vary based on the bank or credit union that you work with, so it’s a good idea to check the specific terms and deals available through your financial institution’s online portal, typically found under sections like “deals” or “partnerships.”

TurboTax Free Edition for Simple Returns

For taxpayers with straightforward filing needs, the TurboTax Free Edition allows you to file both federal and state returns for free. This edition is best suited for filing Form 1040 and supports limited credits like the Earned Income Tax Credit (EITC), the Child Tax Credit, and the Student Loan Interest Deduction. However, only around 37% of taxpayers qualify, as it doesn’t support more complex returns such as those with business income, itemized deductions, or investments.

TurboTax Freedom Edition for Military Personnel

Active-duty military personnel ranked E1 through E9 can file their taxes for free using the TurboTax Freedom Edition. This offer is available to those in the armed forces during the 2025 tax season, provided they submit a military W-2 form from fiscal year 2024. Higher-ranking service members can still access significant discounts, though not the full free version.

H&R Block’s Competing Offer

If you’re considering an alternative to TurboTax, H&R Block is offering a 20% discount on all versions of their software, including Basic, Deluxe + State, Premium, and Premium & Business. They also allow you to import last year’s tax data from TurboTax easily, using .tax or PDF files. This promotion runs until February 28, 2025.

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The TurboTax & MasterCard Partnership

As part of its longstanding partnership with MasterCard, TurboTax offers a 20% discount for MasterCard cardholders on their tax preparation services. This offer has been available for several years and continues to be a popular choice for those looking to save on their tax preparation costs.

To take advantage of this offer, simply follow the TurboTax link found on MasterCard’s site. The 20% discount will apply to the cost of the product, excluding any state tax filings.

MasterCard History, Background, and Use in Tax Filing

MasterCard is a global payments technology company that has been around since 1966. Founded by a group of banks, it has since evolved into one of the largest and most widely recognized financial services companies in the world. MasterCard’s main product offerings include credit cards, debit cards, and prepaid cards, which can be used for both everyday purchases and, increasingly, for specialized needs such as tax payments.

For years, MasterCard has provided its cardholders with a range of benefits, from cashback rewards to promotional offers with partners like TurboTax. One of the key advantages of using a MasterCard to pay for taxes is its convenience. With the ability to make tax payments online or by phone, MasterCard holders can pay off their 1040, 1040-ES, or 4868 forms using their cards, while earning points or rewards for their purchase. The payment process is straightforward, and taxpayers are able to handle their obligations from the comfort of their homes.

MasterCard is also accepted by a wide range of tax payment providers, which increases its flexibility. Payment providers like Official Payments Corp and PAY1040.com facilitate tax payments for federal income taxes, allowing MasterCard cardholders to complete their transactions securely and conveniently. To process a payment, users simply need to select one of the payment options and follow the prompts provided by the payment provider, either online or through an automated phone system.

How to Use Your MasterCard to Pay Taxes

There are several ways to use your MasterCard to pay your taxes, depending on how you choose to file. The three main options are:

1. Paper Return: Prepare your tax return on paper and then make your payment by phone or online.
2. Electronic Filing: Use an electronic filing system, such as TurboTax or another online platform, to file your taxes and pay through the same methods.
3. Authorized Tax Preparer: Have a professional tax preparer file your taxes electronically and then make the payment through MasterCard.

Once your return is filed, MasterCard allows you to pay the tax balance due using their payment processors, such as Official Payments Corp or PAY1040.com. Payment by phone is available via toll-free automated numbers, or you can complete the transaction directly online. Simply select MasterCard as the payment option, and the payment processor will guide you through the necessary steps.

Fees and Costs Involved

When using MasterCard to pay taxes, be aware that a convenience fee may be charged, which varies based on your tax liability and the payment provider. These fees are generally small, but it’s important to note that they will appear separately on your credit card statement. For example, you may see two entries on your statement: one for the tax payment itself and another for the convenience fee. The fee will be identified clearly as “Tax Payment Convenience Fee.”

It’s also worth noting that this convenience fee is applied by the payment providers rather than MasterCard itself. For this reason, the fee may differ depending on which provider you choose to handle your payment.

MasterCard and Taxes: Benefits and Drawbacks

Using a MasterCard for tax payments offers a variety of benefits. For one, it simplifies the payment process. Instead of dealing with checks, money orders, or other forms of payment, you can easily complete your transaction using a card you likely already carry. The added bonus is that many MasterCard users earn rewards, cashback, or points for their purchases, including tax payments. These rewards can be useful for offsetting the costs of tax preparation or other related expenses.

Another advantage is the flexibility of using MasterCard for payments. With access to payment portals like Official Payments Corp and PAY1040.com, taxpayers can manage their tax obligations from anywhere, at any time. Furthermore, some taxpayers may prefer the added security that comes with using a credit card for such a large payment, compared to other payment methods.

However, there are drawbacks to consider as well. The main issue is the convenience fee, which, although generally small, adds to the overall cost of using a credit card to pay taxes. Additionally, if you carry a balance on your MasterCard, you’ll be subject to interest charges, which can quickly add up. For taxpayers who can’t pay off their balance immediately, this could result in significant extra costs. Furthermore, there are limitations on the types of taxes that can be paid with a MasterCard. For example, state taxes might not be eligible for payment via this method, depending on the state and payment processor.

Signing Up for MasterCard: What You Need to Know

To take advantage of the benefits of MasterCard, you’ll first need to sign up for an account. The process of signing up for a MasterCard is straightforward. You can choose from a variety of options, including credit cards, debit cards, or prepaid cards. Many financial institutions and banks offer MasterCard products, and each has its own set of benefits, rewards, and fees.

When selecting a MasterCard, consider factors such as your credit score, the type of rewards or perks you want, and your overall financial situation. Some cards offer specific benefits for travel, while others may offer cashback or points on everyday purchases. If you plan to use your MasterCard for tax payments, make sure to check whether the card’s terms and conditions include any restrictions or extra fees for paying taxes.

In conclusion, using a MasterCard to pay taxes can be a convenient and rewarding option for many taxpayers. With access to a range of payment providers and the potential for rewards, it offers flexibility and ease of use. However, it’s essential to consider the associated fees and costs, especially if you carry a balance on your card.

Updated on Monday, February 17, 2025: Once again, TurboTax is offering various discounts for the 2025 tax season, helping you save on filing fees for both federal and state taxes. Here’s a breakdown of our favorite current offers available this month:

1) Extra 20% Off TurboTax Online Versions

TurboTax is offering an additional instant 20% coupon on all Online versions of its software, including Basic, Deluxe, Premier, and Self-Employed. This discount is available for federal tax products only and excludes state filings. While the offer cannot be combined with other promotions, it can be stacked with early-season discounts, offering up to 40% off in total on select Full-Service and Assisted versions. However, this offer expires on February 28, 2025, so if you plan to take advantage of this, be sure to file before the deadline.

2) Free Filing for First-Time & Returning Users

If you’re new to TurboTax or didn’t file with them last year, there’s an exclusive offer for you. You can file any tax form for free through their mobile app, as long as you do so by February 28, 2025. Keep in mind, this deal doesn’t apply to TurboTax Live services. It’s an excellent opportunity for new users to try out the platform without the added cost, but the deadline for this offer is coming up soon.

3) TurboTax Is Offering To Reduce Your Previous Year’s Tax Prep Fee

TurboTax Full Service is offering a guaranteed minimum 10% discount off the tax preparation fees you paid a CPA or licensed tax professional for your 2023 return. To qualify, you must enroll by March 18, 2025, and file your 2024 return by March 25, 2025. Your price will be based on either a 10% reduction from last year’s fees or TurboTax’s standard rate, whichever is lower. Proof of your 2023 tax prep fees may be required. This offer is only valid for personal tax filings and cannot be combined with other promotions.

4) Partnership Discounts with Financial Institutions

TurboTax has teamed up with various financial institutions and credit unions across the United States to provide their customers with exclusive discounts. These deals can be accessed through your bank’s online portal under sections like “deals” or “partnerships.” That incudes Bank of America, AAA, TD Bank, BNY Mellon and USAA. The terms and availability vary by institution, so it’s worth checking out your bank or credit union to see what’s on offer.

5) TurboTax Free Edition for Simple Returns

For those with simple tax situations, TurboTax’s Free Edition provides a great no-cost option for both federal and state returns. It’s specifically designed for straightforward tax filings, such as Form 1040, and supports some basic credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, this edition doesn’t cover more complex tax scenarios, such as business income, itemized deductions, or investments. Only about 37% of taxpayers are eligible for the Free Edition, so it’s essential to review your filing needs before choosing this option.

6) TurboTax Freedom Edition for Military Members

Active-duty military members ranked E1 through E9 can access the TurboTax Freedom Edition, which allows them to file their taxes for free. However, this offer is limited to lower-ranked service members, and higher-ranking personnel are not eligible for the free version but can still access discounts. To qualify for the Freedom Edition, military members must submit a military W-2 form from fiscal year 2024. This is a significant resource for active military members looking to file their taxes without incurring additional costs.

7) H&R Block’s 20% Off Competing Coupon

If you’re considering another tax software option, H&R Block is running a promotion that lasts until February 28, 2025. This promotion offers 20% off instantly on all versions of their software, including Basic, Deluxe + State, Premium, and Premium & Business. One noteworthy feature of H&R Block is the ability to import your tax data from TurboTax using a .tax or PDF file, making the transition to H&R Block quick and easy. This could be a viable option for anyone looking to switch their tax service provider during the 2025 tax season.

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TurboTax’s Discontinuation of Visa Cardholder Discounts for 2025

For many years, TurboTax offered discounts to Visa cardholders, allowing them to file their taxes for less during the tax season. However, for the 2025 tax year, TurboTax has decided to discontinue this benefit (the link no longer applies the discount).

Those looking for discounts can now explore other avenues, such as the special promotions listed above or partnerships with financial institutions, including the 10% off Online versions and the free filing options for new users. These alternatives can help offset the loss of the Visa cardholder discount, and they are available to a broader range of customers.

Understanding Visa and Its Role in Financial Services

Visa is one of the largest financial services companies in the world, known for its credit and debit card products. Established in 1958, Visa has become a major player in the global payments industry, offering a range of financial products designed to help consumers manage their money.

Visa operates a network that allows for the processing of payments between financial institutions and merchants. Visa’s cards are accepted at millions of locations around the world, making them a popular choice for consumers who prefer digital payments over cash.

One of the primary benefits of using a Visa card is its wide acceptance. Whether you’re shopping in person, online, or paying bills, Visa is recognized as a trusted form of payment. This extensive reach gives cardholders the flexibility to use their cards for a variety of transactions, both domestically and internationally.

In addition to its payment network, Visa offers several other financial services, such as fraud protection, credit monitoring, and rewards programs for certain types of Visa cards. These services provide added value to customers, helping them stay secure and make the most of their spending.

For taxpayers, Visa cards can offer convenience when it comes to paying for tax software or filing fees. While Visa has discontinued its specific partnership with TurboTax this year, cardholders can still use their Visa cards to pay for any tax preparation service they choose. The ability to make these payments quickly and securely remains a benefit to Visa cardholders, even if no discounts are currently available for TurboTax.

Visa’s Influence on Tax Filing

Although Visa cardholders no longer receive specific discounts for TurboTax here in 2025, Visa still plays a role in tax filing for many consumers. The ability to use a Visa card for payment offers convenience and security when paying for tax software or filing fees. In many cases, cardholders can earn rewards or cashback for purchases made using their Visa card, further enhancing the value of using Visa for financial transactions.

Additionally, Visa’s wide reach allows it to partner with a range of financial institutions, offering consumers access to additional benefits and discounts through those partnerships. Although TurboTax is no longer offering a Visa-specific discount this year, Visa cardholders can still explore these other financial institution-based deals, which may offer similar savings.

In the end, whether you use TurboTax or another tax preparation service, the convenience and security of Visa’s payment network make it an ideal option for managing your tax-related expenses.

Updated on Monday, February 17, 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 28, 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.

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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.

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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.

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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.

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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.

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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.

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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.