Updated on Monday, February 17, 2025: Tax season is upon us once again and as always, TurboTax has rolled out several discounts tailored to different types of taxpayers. Whether you’re filing a simple return or navigating a complex financial situation, here’s a roundup of all of the top deals available today:

1. Extra 20% Off TurboTax Federal Products

Through February 28, 2025, TurboTax is offering an additional 20% off federal tax filing products purchased directly on the Intuit website. This discount stacks with early-season savings on select “Live” versions of up to 40%, making it one of the best deals for early filers. Note that this offer does not apply to state filings and cannot be combined with other promotions.

2. Switch to TurboTax and Pay Nothing This Year

If you filed with one of TurboTax’s competitors last year, such as H&R Block, you can now file all tax forms for free using their mobile app if you switch. Just file before February 28, 2025. Offer not valid for returning users and excludes TurboTax Live editions. Learn more.

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

For taxpayers who used a CPA or licensed tax professional for their 2023 returns, TurboTax Full Service is offering a price at least 10% lower. To qualify, you must secure this offer by March 18, 2025, and complete your 2024 tax filing by March 25, 2025. Your price will be determined by whichever is lower: 10% off your previous tax prep costs or TurboTax’s standard Full Service rate. TurboTax may request proof of last year’s payment to verify eligibility. This deal applies exclusively to TurboTax Full Service for personal tax returns and cannot be combined with other discounts.

4. 50% Off QuickBooks Solopreneur Bundle

For small business owners or freelancers, the QuickBooks Solopreneur Bundle is available at 50% off for the first three months. This promotion reduces the cost from $20/month to $10/month and is an excellent option for managing income and expenses in preparation for tax season.

5. TurboTax Freedom Edition for Military Members

Active-duty military personnel ranked E1 through E9 can file both federal and state taxes for free with TurboTax Freedom Edition. For higher ranks, TurboTax offers a discounted rate. Eligible users must provide a W-2 from the 2024 fiscal year to access the offer.

6. Discounts Through Financial Institutions

TurboTax continues to partner with banks and credit unions to offer exclusive deals. These discounts are typically accessible through the “deals” or “partnerships” sections of financial institutions’ online portals. If you’re a member of a participating bank or credit union, check your account to see if you qualify for additional savings.

7. Free Edition for Simple Returns

For those with basic tax situations, TurboTax’s Free Edition allows users to file both federal and state taxes at no cost. It’s designed for straightforward returns, such as Form 1040 filings, and supports limited credits, including the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only 37% of taxpayers qualify for the Free Edition. It’s not suited for individuals with more complex tax scenarios, such as itemized deductions, business income, or investments.

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No TurboTax Discount for Vanguard Customers in 2025

In previous years, Vanguard account holders benefited from TurboTax discounts as part of a collaboration between the two companies. Unfortunately, for 2025, no such offer seems to be available (the previous offer link no longer applies a discount). Vanguard customers are encouraged to check their online accounts for potential personalized offers, but there is no general promotion this year.

This change is significant because many Vanguard users rely on tax filing software like TurboTax to handle the complexities of reporting investment income, dividends, and capital gains. While the lack of a discount may be disappointing, Vanguard customers can still take advantage of TurboTax’s other promotions or explore other tax software options.

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Vanguard: An Overview of the Investment Giant

History and Background

Vanguard was founded in 1975 by John C. Bogle, who aimed to create a client-focused investment company with low fees and straightforward solutions. Vanguard is best known for pioneering the concept of index funds, which offer a low-cost way to invest in a diversified portfolio of stocks or bonds.

One of the unique aspects of Vanguard is its ownership structure. Unlike most financial companies, Vanguard is owned by its funds, which are in turn owned by its investors. This structure eliminates conflicts of interest and allows Vanguard to prioritize long-term value for its clients.

Key Features of Vanguard

• Low Fees: Vanguard is synonymous with low-cost investing, offering some of the industry’s lowest expense ratios.
• Wide Range of Products: The company provides mutual funds, ETFs, IRAs, and 401(k) plans.
• Index Fund Expertise: Vanguard’s index funds and ETFs are among the most popular in the world, known for their reliability and cost efficiency.
• Retirement Planning: Vanguard offers extensive resources for retirement savings, including target-date funds and personalized advisory services.

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How Vanguard Relates to Tax Season

Investing with Vanguard comes with tax implications, particularly for those holding taxable brokerage accounts or tax-advantaged retirement accounts. Understanding these implications can help you plan better for tax season.

1. Taxable Accounts

• Capital Gains: Selling investments for a profit triggers capital gains taxes. Long-term gains (held for over a year) are taxed at a lower rate than short-term gains.
• Dividends: Vanguard funds often distribute dividends, which are taxable. Qualified dividends are taxed at a lower rate than ordinary income.

2. Tax-Advantaged Accounts

• IRAs and 401(k)s: Contributions to traditional IRAs and 401(k)s may be tax-deductible, while earnings grow tax-deferred. Withdrawals in retirement are taxed as ordinary income. Roth accounts, on the other hand, are funded with after-tax dollars, allowing for tax-free withdrawals later.

3. Tax-Loss Harvesting

Investors can use losses from poorly performing investments to offset gains elsewhere in their portfolio. This strategy, known as tax-loss harvesting, is a way to reduce taxable income.

4. Tax Forms Provided by Vanguard

Vanguard issues several key tax forms, including:

• 1099-DIV: Reports dividends earned.
• 1099-B: Details capital gains or losses from asset sales.
• 5498: Summarizes IRA contributions.

These forms are available online and can often be imported directly into TurboTax or other tax software for easy filing.

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How to Sign Up for Vanguard

Getting started with Vanguard is straightforward. You can open an account online by visiting their website, selecting the type of account you want (e.g., brokerage, IRA, or 401(k)), and completing the application process. You’ll need to provide personal information, such as your Social Security number, and fund the account with an initial deposit.

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Pros and Cons of Vanguard

Pros

1. Cost Efficiency: Vanguard’s low fees mean more of your money stays invested.
2. Diverse Options: A broad range of funds allows investors to tailor their portfolios to specific goals.
3. Reputation: Vanguard is widely regarded as a trusted name in investment management.
4. Tax Advantages: Its tax-advantaged accounts and low-turnover funds help minimize tax liabilities.

Cons

1. Limited Features for Active Traders: Vanguard is not ideal for frequent traders or those seeking advanced trading tools.
2. Interface: Some users find Vanguard’s platform less intuitive compared to competitors.
3. No TurboTax Discount in 2025: This change may frustrate investors accustomed to past benefits.

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Maximizing Tax Season Efficiency with Vanguard and TurboTax

Even without a dedicated TurboTax discount for Vanguard customers in 2025, there are still ways to streamline tax season:

1. Organize Tax Documents: Ensure all necessary forms, like 1099-DIVs and 1099-Bs, are ready before filing.
2. Use TurboTax Import Features: TurboTax allows users to directly import Vanguard tax data, reducing the risk of errors.
3. Consult Advisors: Vanguard’s financial advisors can help you optimize your portfolio for tax efficiency.
4. Stay Informed: Take advantage of Vanguard’s educational resources on tax-loss harvesting and other strategies.

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Our Final Thoughts

TurboTax’s 2025 discounts provide plenty of opportunities to save during tax season, even as Vanguard customers face the absence of a dedicated offer. By leveraging TurboTax’s integration capabilities and understanding the tax implications of Vanguard accounts, you can navigate tax season with confidence. While the loss of a Vanguard-specific discount may feel like a setback, the overall resources and support offered by both companies continue to make them valuable partners in managing your finances and investments.

Updated on Monday, February 17, 2025: Tax season is here, and for many of us, we’re going to be using TurboTax to file our returns. But don’t  worry, you won’t need to pay full price as we’re tracking all of the top TurboTax 2025 discounts and deals. Here’s a detailed breakdown of the offers currently available.

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

TurboTax is offering an additional 20% discount on its online federal tax filing products when purchased directly through Intuit. This discount stacks on top of early-season savings on select “Live” versions of up to 40%. It applies only to federal tax products and does not include state filings. The offer is valid until February 28, 2025, and cannot be combined with other promotions.

2. New Users Get To Use TurboTax Free This Year

If you didn’t use TurboTax last year, you can now file all tax forms free with TurboTax’s mobile app. It’s the best deal we’ve ever seen from them! Just file by February 28, 2025 to take advantage of this offer (note: TurboTax Live editions not included).

3. TurboTax Guarantees A Lower Rate Than Your CPA Last Year.

If you paid a CPA or licensed tax preparer for your 2023 tax return, TurboTax Full Service is offering to reduce your tax prep costs by at least 10%. To qualify, you must sign up before March 18, 2025, and file your 2024 return by March 25, 2025. Your final price will be based on either a 10% discount from last year’s tax prep fees or TurboTax’s standard Full Service pricing, whichever is lower. TurboTax may ask for proof of last year’s payment. This promotion applies exclusively to TurboTax Full Service for personal tax filings and cannot be combined with other discounts.

4. 50% Off QuickBooks Solopreneur Bundle

For freelancers and small business owners, TurboTax is bundling its tax tools with QuickBooks at a 50% discount. The QuickBooks Solopreneur Bundle is priced at $10/month for the first three months, down from its usual $20/month. This bundle is designed to simplify bookkeeping and tax preparation for self-employed individuals.

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

Military personnel ranked E1 to E9 can take advantage of TurboTax’s Freedom Edition, which provides free federal and state tax filing. For those ranked higher, there is a discount available, though the software will not be free. To qualify, service members need to provide a 2024 military W-2 form.

6. Partner Discounts Through Banks and Credit Unions

TurboTax works with numerous banks and credit unions to offer exclusive deals to their customers. These discounts are accessible through financial institutions’ online portals under “deals” or “partnerships” sections. If you’re already a member of a participating bank or credit union, this could be a simple way to save on tax filing costs.

7. Free TurboTax Edition for Simple Tax Returns

TurboTax’s Free Edition is ideal for individuals with straightforward tax situations. It allows users to file both federal and state taxes at no cost. This edition supports simple Form 1040 filings and includes limited credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction.

However, this option is only suitable for about 37% of taxpayers, as it does not cover more complex scenarios like business income, itemized deductions, or investment gains. If your return involves more intricate details, you’ll need to upgrade to a paid plan.

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TurboTax Discounts for PwC Employees: What to Expect

While it’s unclear whether PricewaterhouseCoopers (PwC) currently offers a TurboTax discount for its employees (last year’s link no longer has a discount), there is a possibility that such offers are available through the PwC employee benefits portal. In previous years, PwC employees have had access to discounted rates on TurboTax products, including:

• Reduced fees for TurboTax Live Assisted or Full-Service tiers.
• Specialized tools for handling complex tax situations, such as stock options, international income, and extensive business deductions.

To confirm whether a TurboTax discount is available, PwC employees should check their benefits portal or consult with their HR department. If no current discount exists, it’s worth exploring TurboTax’s public offers, as they may meet your needs at a competitive price.

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About PricewaterhouseCoopers (PwC): History, Financial Services, and Employee Benefits

PwC Overview and History

PricewaterhouseCoopers (PwC) is one of the world’s largest professional services firms, offering auditing, consulting, and tax advisory services. Founded in 1998 through the merger of Price Waterhouse and Coopers & Lybrand, PwC has grown into a global powerhouse with offices in more than 150 countries.

PwC’s tax advisory services are a key component of its business, helping clients manage tax compliance, optimize their tax strategies, and navigate complex regulatory environments. The firm is especially known for its work with large corporations, providing solutions for cross-border taxation, transfer pricing, and mergers and acquisitions.

PwC Employee Benefits

PwC employees enjoy a robust benefits package that often includes perks related to tax preparation and financial planning. While TurboTax discounts are not guaranteed, PwC employees can typically access various resources to simplify their tax filing process. Key benefits include:

• Access to Financial Advisors: PwC provides its employees with resources for financial planning, including consultations with experts.
• Tax Support for Complex Returns: Many PwC employees deal with stock options, international income, and other complexities in their taxes. The firm often partners with software providers or tax advisors to assist employees with these situations.
• Education and Training: PwC employees benefit from regular training on financial topics, including tax planning and compliance.

How PwC Employees Can Maximize Tax Season Benefits

To make the most of the resources available, PwC employees should start by logging into their internal benefits portal. This portal typically outlines all available perks, including any partnerships with tax preparation software providers. Employees dealing with complex returns should also consider consulting with the firm’s internal tax experts for guidance.

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TurboTax: Background and Growth

TurboTax, a flagship product of Intuit, has been simplifying tax filing for individuals and businesses for decades. First launched as a desktop application in the 1980s, TurboTax quickly became a market leader in tax software. Its intuitive interface and step-by-step guidance revolutionized the way people approached tax preparation.

In the early 2000s, TurboTax transitioned to an online platform, offering even greater accessibility. Today, it provides multiple tiers of service, ranging from free filing for simple returns to full-service options where tax professionals handle the entire process. TurboTax’s ability to cater to various tax situations—from basic filings to complex business deductions—has solidified its reputation as a trusted resource during tax season.

How to Get Started with TurboTax

Getting started with TurboTax is easy. Simply visit the TurboTax website and select the product that fits your needs. You can choose from several options, including:

• TurboTax Free Edition: For simple returns.
• TurboTax Deluxe: Ideal for maximizing deductions and credits.
• TurboTax Premier: Designed for individuals with investments or rental income.
• TurboTax Self-Employed: Tailored to freelancers and small business owners.
• TurboTax Live and Full Service: Options for those seeking professional assistance.

Once you’ve selected a product, TurboTax will guide you through the filing process step-by-step, ensuring accuracy and helping you identify deductions and credits you may have missed.

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Pros and Cons of TurboTax and PwC’s Tax Resources

TurboTax Pros

• User-Friendly Interface: TurboTax’s platform is intuitive, making it accessible even for first-time filers.
• Comprehensive Coverage: Whether you’re filing a simple return or managing business expenses, TurboTax has a product for you.
• Expert Support: TurboTax Live offers access to tax professionals, providing peace of mind during the filing process.
• Integration with Financial Tools: For small business owners, TurboTax integrates seamlessly with QuickBooks, simplifying bookkeeping and tax preparation.

TurboTax Cons

• Cost for Complex Returns: While the Free Edition is great for simple returns, more advanced versions can become expensive.
• Additional Fees for State Filing: Federal filing may be discounted, but state filings often require an additional fee.

PwC Tax Resources Pros

• Expert Guidance: PwC employees have access to internal tax experts for handling complex returns.
• Educational Resources: The firm provides employees with training on tax compliance and financial planning.
• Potential Discounts: While not guaranteed, PwC often partners with tax preparation providers to offer discounts to employees.

PwC Tax Resources Cons

• Limited Availability: Not all employees may qualify for TurboTax discounts or similar perks.
• Complexity of Resources: Navigating the various tools and benefits available can be overwhelming.

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Our Final Thoughts

TurboTax offers a wide range of discounts and tools to simplify tax preparation for 2025, making it easier and more affordable for taxpayers to file accurately. While it’s unclear if PwC employees currently have access to specific TurboTax discounts, they may still benefit from the firm’s internal resources and financial planning tools. Whether you’re an individual filer, small business owner, or PwC employee, leveraging these tools and offers can help streamline the often-daunting task of filing taxes.

Updated on Monday, February 17, 2025: The 2025 tax season is here and as always, TurboTax is offering several discounts to help you save on your tax prep fees. Whether you’re a first-time filer, self-employed, or a military service member, TurboTax has several options available. Here’s a breakdown of the current offers available from now through the end of February:

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

TurboTax is providing an additional 20% off discount on all online versions of its software when purchased directly from Intuit. This offer applies only to federal TurboTax products and excludes state filings. The savings are in addition to the early-season discounts on select “Live” versions (which can be as high as 40%) and are valid until February 28, 2025. However, this promotion cannot be combined with any other TurboTax offers, so be mindful of other discounts you may be considering.

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2. New Users Get TurboTax Free This Year

If you didn’t use TurboTax last year, you can now file all tax forms for free using TurboTax’s mobile app. This new customer offer is available if you file by February 28, 2025. Returning users are ineligible. Offer excludes TurboTax Live editions.

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3. TurboTax Matches Or Beats Your CPA Fee From Last Year

TurboTax Full Service is guaranteeing a minimum 10% discount off what you paid a CPA or licensed tax preparer for your 2023 tax return. To take advantage, you must sign up by March 18, 2025, and file by March 25, 2025. TurboTax will calculate your price based on either a 10% reduction from last year’s tax prep fees or their standard pricing—whichever is lower. Proof of previous tax prep fees may be required. This offer is valid only for TurboTax Full Service for personal tax returns and cannot be combined with other offers.

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4. 50% Off QuickBooks Solopreneur Bundle

For small business owners and freelancers, TurboTax offers the QuickBooks Solopreneur Bundle at 50% off for the first three months. This bundle provides QuickBooks tools to help track income and expenses, with the price reduced from $20/month to $10/month for the initial period. It’s a useful resource for those looking to manage their business finances efficiently while saving on bookkeeping costs.

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5. TurboTax Freedom Edition for Military Personnel

Active-duty military members (rank E1 through E9) can access TurboTax Freedom Edition, which offers free filing for both federal and state taxes. This is a great benefit for military service members, as it eliminates filing costs for those eligible. If your rank is above E9, you may still qualify for a discount, though the software will not be free. To apply the discount, a military W-2 form from the 2024 tax year is required.

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6. Exclusive TurboTax Discounts Through Banks and Credit Unions

TurboTax partners with many financial institutions and credit unions across the country to provide exclusive discounts for their members. To access these offers, customers should visit their bank or credit union’s online portal and look for the “deals” or “partnerships” sections, where these promotions are typically listed. These discounts are a great way to save on TurboTax software if you already have an account with a participating financial institution.

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7. Free TurboTax Edition for Simple Returns

For taxpayers with straightforward tax situations, TurboTax offers a Free Edition that allows users to file both federal and state taxes at no cost. This option is ideal for individuals who file a basic Form 1040 return, and it supports common credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction.

While the Free Edition is a great option for those with simple returns, it is important to note that only about 37% of taxpayers qualify for this edition. It doesn’t support more complex tax situations, such as business ownership, itemized deductions, or investment income. If your tax situation involves more complexity, you may need to opt for a paid version of TurboTax.

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What the 20% Discount for Wealthfront Customers Covers

Wealthfront clients who use TurboTax can enjoy the 20% discount on several key versions of the software, each tailored to different types of tax filers:

• TurboTax Deluxe: Ideal for those looking to maximize deductions. It’s particularly useful if you have itemized expenses such as mortgage interest, medical costs, or charitable donations.
• TurboTax Premier: This version is geared towards individuals with investments, rental income, or cryptocurrency transactions. If you have more complex assets or income sources, Premier helps simplify the filing process.
• TurboTax Self-Employed: Specifically designed for freelancers, contractors, and small business owners, TurboTax Self-Employed helps track business expenses, including mileage, and ensures you don’t miss out on industry-specific deductions.
• TurboTax Live and Full Service: These options are great for those who want professional assistance. TurboTax Live provides expert help on demand, while Full Service lets you outsource the entire filing process, with a tax expert handling all the details.

To redeem this offer, Wealthfront customers can use a special link provided by the platform. This ensures that the discount is automatically applied at checkout, making the process easy and straightforward.

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TurboTax and Wealthfront: A Continuing Partnership

TurboTax and Wealthfront have partnered for several years to offer tax filing solutions and discounts for Wealthfront clients. Wealthfront is an online wealth management platform that helps individuals manage their finances, investments, and tax strategies. By offering a 20% discount on TurboTax, Wealthfront is ensuring that its users can benefit from an easy-to-use, reliable tax software while also saving money during tax season.

The collaboration between TurboTax and Wealthfront is beneficial for customers who use Wealthfront’s financial services and want to keep their tax filing process simple and cost-effective. As with other bank and credit union partnerships, Wealthfront customers gain access to this discount through a special link, ensuring they can apply the savings without additional hassle.

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Wealthfront: A Key Player in Automated Financial Services

Wealthfront is an automated financial services company that has made managing money easier for many Americans. Founded in 2008, the platform uses algorithms to offer a range of investment services, from retirement accounts to tax-loss harvesting. Its approach to wealth management is designed to be hands-off, allowing users to set up their investments and let Wealthfront’s platform handle the rest.

One of Wealthfront’s main features is its tax-loss harvesting tool, which automatically helps users reduce their taxable income by selling investments that have lost value. This can be particularly beneficial for individuals looking to minimize their capital gains taxes. Wealthfront also offers tax-advantaged accounts, such as IRAs, to help customers save for retirement in a tax-efficient way.

In addition to its investment tools, Wealthfront provides customers with a comprehensive financial plan and access to low-cost, diversified portfolios. For many, Wealthfront represents a more affordable and accessible alternative to traditional wealth management services.

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How to Sign Up for Wealthfront

Signing up for Wealthfront is straightforward. To get started, you’ll need to visit the Wealthfront website and create an account. The process involves answering a few questions about your financial goals and risk tolerance, which helps Wealthfront recommend an investment strategy that aligns with your preferences. After setting up your account, you can start funding your investment portfolio with as little as $500.

Wealthfront also makes it easy to manage your accounts, track your progress, and adjust your financial plan as needed. Once you’re a Wealthfront customer, you’ll have access to the TurboTax discount as well as other financial tools and resources.

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Benefits and Drawbacks of Wealthfront

Benefits of Wealthfront

• Low Management Fees: Wealthfront charges a competitive management fee of 0.25% per year on assets under management, making it an affordable option for many users.
• Automated Investing: Wealthfront’s algorithms handle the day-to-day management of your portfolio, saving you time and effort.
• Tax-Advantaged Accounts: Wealthfront offers accounts like IRAs, allowing users to save for retirement while minimizing their tax liability.
• Tax-Loss Harvesting: This feature automatically sells investments at a loss to offset gains, reducing your taxable income.

Drawbacks of Wealthfront

• Limited Personal Interaction: Since Wealthfront is an automated service, users have limited access to human advisors, which may not suit those who prefer personalized advice.
• Less Customization: Wealthfront’s portfolios are designed to be efficient and diversified, but they may not offer the level of customization that some investors seek.

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Conclusion

As we move into the 2025 tax season, TurboTax continues to offer a range of valuable discounts and promotions, helping taxpayers save on the cost of filing. Whether you’re a Wealthfront customer, a member of the military, or a small business owner, there are options that can make your tax season easier and more affordable. With TurboTax’s comprehensive tools and the 20% discount for Wealthfront customers, it’s a good time to take advantage of these savings and simplify your tax filing process.