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Top TurboTax 2025 Discounts & Offers, February 2025

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Updated on Monday, February 17, 2025: Tax season is upon us, and as always, TurboTax has rolled out several discounts to help you save on their tax prep software. Here’s a roundup of all the discounts available from now through the end of February:

1. Extra 20% Off Federal Products

TurboTax is offering an additional 20% discount on federal tax products when purchased directly through Intuit. This discount applies to TurboTax’s federal products only and can be combined with early-season savings of up to 40%. Note that this offer excludes state products and ends on February 28, 2025.

2. Switch to TurboTax, Get it Free

If you didn’t use TurboTax in 2024, you can now file all tax forms at no cost using their mobile app. Just file by February 28, 2025. Offer open to new customers only and excludes “TurboTax Live” editions. Learn more.

3. 50% Off QuickBooks Solopreneur Bundle

Entrepreneurs and freelancers can take advantage of a 50% discount on the QuickBooks Solopreneur Bundle for the first three months. This reduces the cost from $20/month to $10/month and is a valuable tool for tracking expenses and preparing for tax filing.

3. TurboTax Will Beat Last Year’s CPA or Tax Preparer Fee

TurboTax Full Service is offering to beat what you paid a CPA or licensed tax preparer for your 2023 return by at least 10%. To qualify, you must sign up by March 18, 2025, and file your 2024 taxes by March 25, 2025. TurboTax will determine your price based on either a 10% discount from your previous tax prep fees or their standard pricing—whichever is lower. You may be required to provide proof of last year’s tax preparation costs. This offer applies only to personal tax returns filed with TurboTax Full Service and cannot be combined with other promotions.

4. 50% Off QuickBooks Solopreneur Bundle

Entrepreneurs and freelancers can take advantage of a 50% discount on the QuickBooks Solopreneur Bundle for the first three months. This reduces the cost from $20/month to $10/month and is a valuable tool for tracking expenses and preparing for tax filing.

5. Free TurboTax for Military Members

Active-duty military members ranked E1 through E9 can file federal and state taxes for free using the TurboTax Freedom Edition. For those ranked higher, a discount is available instead. A 2024 military W-2 tax form is required to redeem the offer, ensuring that service members get access to affordable and efficient filing.

6. Discounts Through Financial Institutions

TurboTax frequently collaborates with financial institutions to offer exclusive discounts. Check your bank or credit union’s online portal for promotions listed under “deals” or “partnerships.”

7. Free Edition for Simple Returns

For taxpayers with straightforward tax situations, TurboTax’s Free Edition allows both federal and state filings at no cost. This option is ideal for simple Form 1040 returns and supports limited credits, such as:

  • Earned Income Tax Credit (EITC)
  • Child Tax Credit
  • Student Loan Interest Deduction

However, this option only applies to about 37% of taxpayers, as it doesn’t support more complex scenarios, like business income, itemized deductions, or investments.

TurboTax and Charles Schwab: A 20% Discount for Clients

Charles Schwab clients once again have access to an exclusive TurboTax discount this year, continuing their long-standing partnership. The 20% discount applies to several TurboTax products, catering to a range of tax filing needs:

1. TurboTax Deluxe

Perfect for those looking to maximize deductions, TurboTax Deluxe helps track and apply itemized expenses like:

  • Mortgage interest
  • Charitable donations
  • Medical expenses

2. TurboTax Premier

For individuals with investments, rental income, or cryptocurrency transactions, TurboTax Premier simplifies complex filings. It’s a great choice for those managing diverse assets or income streams.

3. TurboTax Self-Employed

Designed for freelancers, contractors, and small business owners, this version helps track business expenses, including mileage and other deductions unique to self-employment.

4. TurboTax Live and Full Service

These options are tailored for taxpayers who want professional support. TurboTax Live provides on-demand expert help, while Full Service lets a tax professional handle the entire filing process.

How to Redeem the Discount

Charles Schwab clients can access the discount by using a dedicated link provided through the Schwab platform.

Charles Schwab: History, Background, and Financial Resources

An Overview of Charles Schwab

Founded in 1971 by Charles R. Schwab, the company started as a small investment newsletter and grew into one of the largest financial institutions in the U.S. Schwab’s focus on empowering investors through low-cost, user-friendly investment solutions has made it a favorite among both individual and institutional investors.

Today, Charles Schwab offers a range of services, including brokerage accounts, retirement planning, wealth management, and tax-efficient investment strategies.

Schwab’s Mission and Approach

Schwab’s mission is centered on making investing accessible and affordable for everyone. By offering transparent pricing and a wide variety of investment options, Schwab has built a reputation for prioritizing client needs.

Charles Schwab and Taxes: How They Help During Tax Season

Tax-Efficient Investing

Schwab emphasizes tax efficiency in its investment strategies. From tax-loss harvesting to managing tax-advantaged accounts like IRAs and 401(k)s, Schwab helps clients minimize tax burdens while maximizing returns.

Financial and Tax Planning Tools

Schwab offers several tools to help clients stay on top of their taxes:

  • Schwab Intelligent Portfolios: These automated portfolios are designed with tax efficiency in mind.
  • Tax Resources: Schwab provides educational materials and calculators to help clients understand deductions, credits, and overall tax liability.

Tips for Tax Season Success

Here are some strategies to make the most of tax season, whether you’re using TurboTax, working with Schwab, or both:

  1. Stay Organized: Keep all necessary tax documents, such as W-2s and 1099s, in one place to streamline the filing process.
  2. Use Tax-Efficient Accounts: Maximize contributions to IRAs, HSAs, and other tax-advantaged accounts to reduce taxable income.
  3. Leverage Available Discounts: If you’re a Schwab client, take advantage of the 20% TurboTax discount to lower your filing costs.
  4. Seek Expert Advice: For complex tax situations, consulting a professional can save time and money.

Our Final Thoughts

TurboTax’s discounts and Charles Schwab’s client benefits make tax season more manageable. Whether you’re an individual filer with straightforward taxes or a business owner with more intricate needs, there are plenty of options to help you save money and file efficiently.

As always, staying informed and proactive is key to navigating tax season smoothly. By combining TurboTax’s user-friendly tools with Schwab’s financial expertise, you can feel confident about your tax preparation process this year.

TurboTax 2025 Discounts, Coupons & Deals

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Updated on Monday, February 17, 2025: Tax season is here once again and if you’ll be using TurboTax, don’t worry, you won’t need to pay full price to file with them this year. Here’s a roundup of all of the TurboTax discounts available from now through the end of February:

1. Extra 20% Off Federal Products

TurboTax is offering an additional 20% discount on federal tax products when purchased directly through the Intuit website. This deal is available through February 28, 2025, and stacks with early-season discounts on select “Live” versions of up to 40% off. It’s worth noting that the discount applies only to federal products, not state filings, and cannot be combined with other offers.

2. Switch to TurboTax, Get it Free

If you didn’t use TurboTax last year — maybe you filed with a competitor or through a local tax office — then you’ll qualify to file all tax forms for free this year with TurboTax’s mobile app. Offer expires February 28, 2025 and is available for new customers only (TurboTax Live versions excluded).

3. TurboTax Offers To Beat Your Previous Tax Prep Price

TurboTax Full Service is offering a tax prep discount of at least 10% compared to what you paid a CPA or licensed tax preparer in 2023. To be eligible, you must enroll by March 18, 2025, and file your 2024 return by March 25, 2025. Your final price will be based on either a 10% reduction from last year’s tax prep fees or TurboTax’s standard Full Service pricing, whichever is lower. TurboTax may require proof of your previous tax preparation costs. This offer applies only to personal tax filings and cannot be combined with other promotions.

4. TurboTax Freedom Edition for Military Members

Active-duty military personnel ranked E1 through E9 can file both federal and state taxes for free using the TurboTax Freedom Edition. For higher ranks, TurboTax offers an additional discount instead of free services. To qualify, users need to submit a 2024 military W-2 tax form.

5. Discounts Through Financial Institutions

TurboTax frequently partners with banks, credit unions and other organizations to provide exclusive discounts to customers. This includes Bank of America, AAA, Chase and Fidelity. Check your financial institution’s online portal for promotions under the “deals” or “partnerships” sections to see what’s available for you.

6. Free Edition for Simple Returns

TurboTax’s Free Edition is an excellent option for taxpayers with basic tax needs. It allows users to file both federal and state taxes at no cost, covering simple returns such as Form 1040 filings. The Free Edition also supports limited credits, including the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction.

However, only about 37% of taxpayers qualify for this option, as it doesn’t support more complex scenarios like business income, itemized deductions, or investment gains.

No TurboTax Discount for AARP Members in 2025

In a noticeable shift, TurboTax is not offering a discount to AARP members in 2025. While this may disappoint long-time users who relied on this benefit, there are still alternative ways for AARP members to save during tax season.

One of the most significant resources is the AARP Foundation Tax-Aide program. This initiative provides free tax preparation and filing services to anyone, with a particular focus on individuals over 50 with low to moderate incomes. Unlike TurboTax’s Free Edition, Tax-Aide services don’t require AARP membership and are available nationwide.

AARP Foundation Tax-Aide Program: Free Assistance for Taxpayers

The AARP Foundation Tax-Aide is the nation’s largest free tax preparation service. Every year, from early February to mid-April, certified volunteers help millions of Americans complete and file their tax returns at no cost. Here’s how it works:

Who Can Use Tax-Aide?

While the program primarily serves taxpayers over 50, it’s open to anyone, regardless of age or AARP membership. The focus is on assisting those with straightforward tax situations, particularly individuals with low to moderate incomes.

Where Can You Find Tax-Aide?

Tax-Aide operates at nearly 3,500 locations across the U.S., including libraries, community centers, malls, and banks. Appointments can be booked online using the Site Locator tool, and some locations even offer walk-in services.

What You Need to Bring

To make the most of your appointment, you’ll need to bring the following:

  • Government-issued photo ID for each taxpayer.
  • Social Security cards or ITIN notices for everyone on the return.
  • All relevant tax forms, including W-2s, 1099s, and any documents detailing income, expenses, or deductions.
  • Checking or savings account information for direct deposit or withdrawal.
  • Any correspondence from the IRS or state tax agencies.

Volunteers certified by the IRS will help you complete your return and file it electronically for free, ensuring faster refunds.

Overview of AARP: History, Benefits, and Role in Financial Planning

What Is AARP?

Founded in 1958 by Dr. Ethel Percy Andrus, the American Association of Retired Persons (AARP) is a nonprofit organization that advocates for the interests of older Americans. With over 38 million members, AARP provides a range of services, including discounts, educational resources, and financial planning tools.

AARP’s Mission

AARP’s mission is to empower people aged 50 and older to live their best lives. The organization offers resources on health, travel, work, and finances, with a focus on affordability and accessibility.

How to Join AARP

Joining AARP is simple and open to anyone aged 50 or older. Membership costs $16 per year and includes access to exclusive discounts, newsletters, and programs like Tax-Aide. You can sign up online, by phone, or through the mail.

AARP’s Role in Tax Season

AARP plays a crucial role in helping members navigate the complexities of tax season. Here’s how:

1. Free Tax Assistance Through Tax-Aide

The AARP Foundation Tax-Aide program simplifies tax filing for millions of Americans, particularly those who might not otherwise afford professional tax services.

2. Educational Resources

AARP provides extensive online resources, including articles, webinars, and calculators, to help members understand tax laws, deductions, and credits.

3. Advocacy for Taxpayer Rights

AARP advocates for policies that benefit older taxpayers, such as protecting Social Security benefits and ensuring access to tax credits.

Pros and Cons of AARP Membership During Tax Season

Pros

  1. Access to Free Tax Assistance: Tax-Aide is a game-changer for those who qualify.
  2. Educational Resources: AARP simplifies complex tax topics for its members.
  3. Advocacy: AARP fights for policies that benefit older Americans financially.

Cons

  1. No TurboTax Discount in 2025: The absence of this benefit may frustrate members who relied on it.
  2. Limited Scope of Tax-Aide: The program may not be suitable for individuals with highly complex tax situations.

Tips for a Stress-Free Tax Season

Even without an AARP-specific TurboTax discount, there are plenty of ways to simplify your tax filing experience:

  1. Plan Ahead: Gather all necessary documents well before your filing deadline.
  2. Explore Free Options: Consider using Tax-Aide or TurboTax’s Free Edition if you qualify.
  3. Leverage Technology: Use software that integrates with your financial institutions to streamline data entry.
  4. Consult Professionals: If your situation is complex, don’t hesitate to seek advice from a tax professional.

Our Final Thoughts

Tax season can be challenging, but with the right tools and resources, it doesn’t have to be overwhelming. TurboTax continues to offer competitive discounts in 2025, even as AARP members miss out on a dedicated offer this year. Meanwhile, the AARP Foundation Tax-Aide program remains an invaluable resource for millions of taxpayers, proving that effective tax assistance doesn’t always come with a price tag. Whether you choose TurboTax, Tax-Aide, or another method, staying informed and organized is key to a successful tax season.

TurboTax 2025 Discounts: These Are Our Favorite Deals

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Updated on Monday, February 17, 2025: Whether you’re filing a simple return or managing more complex finances, here’s a breakdown of TurboTax’s available deals that you can pick up today:

1. 20% Off TurboTax Online (Through February 28, 2025)

TurboTax is offering an additional 20% discount on its federal tax filing products when purchased directly through Intuit’s website. This discount stacks on top of early-season savings of up to 40% and applies to federal tax products only, excluding state returns. Note that this offer cannot be combined with other TurboTax promotions and expires on February 28, 2025.

2. Free TurboTax For New Users Willing To Switch

If you didn’t use TurboTax last year, you can now file all tax forms free using TurboTax’s mobile app (available for iOS and Android). Offer valid until February 28, 2025. Just keep in mind that TurboTax Live versions are not included in this offer.

3. 50% Off QuickBooks Solopreneur Bundle

Small business owners and freelancers can take advantage of TurboTax’s partnership with QuickBooks. The QuickBooks Solopreneur Bundle is available at 50% off for the first three months, reducing the price from $20/month to $10/month. This bundle streamlines bookkeeping and tax preparation for self-employed individuals.

4. TurboTax Promises To Beat Your Past Tax Prep Cost.

TurboTax Full Service is offering a lower price on tax preparation—at least 10% off what you paid to a CPA or licensed tax preparer for your 2023 return. To qualify, you must enroll by March 18, 2025, and file your 2024 taxes by March 25, 2025. The final price will be based on either a 10% discount from your previous tax prep fees or TurboTax’s standard Full Service pricing, whichever results in the lowest cost. Proof of payment from last year may be required. This offer is limited to personal tax filings through TurboTax Full Service and cannot be used alongside other promotions.

5. Free TurboTax for Active-Duty Military (E1 to E9 Ranks)

TurboTax’s Freedom Edition offers free federal and state tax filing for active-duty military personnel ranked E1 to E9. For those ranked higher, discounted pricing is available. Eligible users need to provide a military W-2 form from the 2024 fiscal year to access these savings.

6. Partner Discounts Through Banks and Credit Unions

TurboTax frequently partners with banks and credit unions to offer exclusive discounts to their customers. To see if you’re eligible, check your financial institution’s online portal under the “deals” or “partnerships” section. These offers may provide significant savings, particularly for those who bank with larger institutions.

7. Free TurboTax Edition for Simple Returns

For individuals with uncomplicated tax situations, TurboTax’s Free Edition is a cost-effective way to file both federal and state taxes. It supports simple Form 1040 filings and limited credits, such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction.

However, only about 37% of taxpayers qualify for this free option, as it does not cover more complex scenarios, including business ownership, itemized deductions, or investment income. If you fall into those categories, upgrading to a paid version will be necessary.

TurboTax and Robinhood: No Discount for 2025

For several years, Robinhood customers benefited from TurboTax discounts during tax season, but that appears to have changed in 2025. As of now, no TurboTax offers are publicly available for Robinhood users (the previous link does no longer activates any discounts).

Why the Shift?

In previous years, Robinhood worked with TurboTax to provide exclusive discounts for its users, likely to streamline the tax filing process for those managing investments and stock trades. This partnership made sense for Robinhood’s customer base, many of whom are newer investors navigating tax implications for the first time.

While it’s unclear why this partnership ended, Robinhood users are encouraged to check their account dashboards or emails for any potential updates. In the meantime, they can still take advantage of TurboTax’s publicly available discounts and features.

Understanding Robinhood: Background, Benefits, and Tax Implications

What Is Robinhood?

Robinhood is a commission-free trading platform that launched in 2013 with the goal of democratizing finance. The platform allows users to trade stocks, ETFs, options, and cryptocurrencies without paying traditional brokerage fees. Robinhood’s mobile-first design and easy-to-use interface have made it especially popular among millennials and first-time investors.

Robinhood’s Business Model

Robinhood operates on a unique revenue model. While it offers commission-free trading to users, the company earns revenue through methods such as:

  • Payment for Order Flow (PFOF): Robinhood receives payments from market makers for directing trade orders to them.
  • Premium Subscriptions: Robinhood Gold, a premium service, offers features like margin trading and in-depth research tools for a monthly fee.
  • Cash Management and Interest: The platform generates interest from uninvested cash in user accounts.

How Robinhood Intersects with Taxes

Investing through Robinhood has several tax implications that users need to consider:

  1. Capital Gains and Losses: Profits from selling investments are subject to capital gains tax, while losses can be used to offset taxable income.
  2. Dividend Income: Dividends received from stocks are generally taxable and must be reported.
  3. Cryptocurrency Transactions: Cryptocurrency sales and trades are taxable events, requiring detailed record-keeping for accurate reporting.
  4. 1099 Forms: Robinhood provides 1099 tax forms to users who meet certain income or transaction thresholds. These forms summarize investment activity for the year, making tax filing easier.

How to Get Tax Help as a Robinhood User

Robinhood does not provide tax preparation services, but it offers resources to help users understand their tax obligations. The platform’s support center includes guides on topics like reporting investment income and downloading tax documents. Users can also integrate their Robinhood account with tax software like TurboTax to import investment data directly.

Pros and Cons of Using Robinhood for Investments

Pros

  • No Commissions: Robinhood allows users to trade stocks, ETFs, options, and cryptocurrencies without paying fees.
  • Easy-to-Use Interface: The app is designed to be intuitive, making it ideal for beginners.
  • Fractional Shares: Users can buy portions of expensive stocks, lowering the barrier to entry for high-value investments.
  • Crypto Trading: Unlike many traditional brokerages, Robinhood offers cryptocurrency trading alongside traditional assets.

Cons

  • Limited Research Tools: While Robinhood Gold offers some advanced features, the platform’s research tools are basic compared to other brokerages.
  • No Retirement Accounts: Robinhood does not offer IRAs or other tax-advantaged retirement accounts, limiting its appeal for long-term investors.
  • Tax Complexity: Active trading can lead to a high volume of taxable events, increasing the complexity of tax filing.
  • Revenue Model Concerns: The platform’s reliance on Payment for Order Flow has drawn criticism for potential conflicts of interest.

Robinhood and Taxes: A Closer Look

For investors, tax season can be particularly challenging. Robinhood users should be aware of the following tips to make the process easier:

  1. Organize Your 1099 Forms: Ensure you have all the necessary tax documents from Robinhood before starting your return. These forms can be downloaded directly from your account.
  2. Understand Tax Implications for Cryptocurrencies: Cryptocurrency transactions are treated as property sales for tax purposes, requiring detailed reporting of purchase and sale prices.
  3. Leverage Tax Software: Many tax preparation platforms, including TurboTax, allow you to import investment data from Robinhood. This feature can save time and reduce errors.
  4. Consider Tax-Loss Harvesting: If you have losing investments, selling them to offset gains can lower your tax bill.

Our Final Thoughts

TurboTax continues to offer valuable discounts for 2025, making it a reliable option for taxpayers at all levels of complexity. While Robinhood users may be disappointed by the lack of a dedicated TurboTax discount this year, they still have access to other resources to streamline tax filing. As both platforms evolve, staying informed about changes and leveraging available tools will be essential for navigating tax season effectively. Whether you’re a first-time filer or a seasoned investor, preparation is key to ensuring a stress-free experience.