Updated on Monday, February 17, 2025: Tax season is here and as always, TurboTax is offering several discounts designed to make filing a little but more affordable on your wallet. Here’s a breakdown of the key offers available from now through the end of February:

1. 20% Off TurboTax Online Versions

TurboTax is offering an additional 20% off discount on its federal tax products when purchased directly from Intuit. This discount applies only to federal products and excludes state filings. It’s an excellent opportunity to save on top of any early-season discounts. However, the offer cannot be combined with other TurboTax promotions and is valid only until February 28, 2025.

2. Free Filing with TurboTax Free Edition

If you didn’t file with TurboTax in 2024, TurboTax is trying to encourage you to switch to them. You can now file all your 2025 tax forms for free with their mobile app. Offer ends February 28, 2025 (excludes TurboTax Live). Available for new customers only. Other exclusions may apply. Learn more.

3. 50% Off QuickBooks Solopreneur Bundle

Small business owners and freelancers can benefit from the QuickBooks Solopreneur Bundle, now available at 50% off for the first three months. The discounted price is $10/month, down from $20/month, making it an affordable way to manage expenses, invoices, and income during tax season.

4. TurboTax Offers To Lower Your Past Tax Prep Cost

TurboTax Full Service is offering to lower your tax preparation costs by at least 10% compared to what you paid a CPA or licensed tax preparer for your 2023 return. To qualify, you must lock in this offer by March 18, 2025, and file your 2024 taxes by March 25, 2025. Your price will be based on either a 10% discount from last year’s tax prep fees or TurboTax’s standard Full Service pricing, whichever results in the lower amount. You may need to provide proof of last year’s payment. This offer applies only to personal tax filings with TurboTax Full Service and is not valid with other promotions.

5. Free TurboTax Freedom Edition for Military Members

Active-duty military personnel ranked E1 through E9 can access TurboTax Freedom Edition for free during the 2025 tax season. Higher-ranking military members aren’t eligible for the free version but can receive a discounted rate. To apply this offer, a military W-2 tax form from the fiscal year 2024 is required.

6. Partner Discounts Through Financial Institutions

TurboTax frequently partners with banks and credit unions to provide exclusive discounts. That incudes Bank of America, Navy Federal Credit Union,  Chase, and even AAA. Customers can access these offers by checking their financial institution’s online portal under “deals” or “partnerships.” If you’re a member of a credit union or bank, it’s worth exploring these discounts to reduce your tax preparation costs further.

7. Free Filing with TurboTax Free Edition

For those with simple tax situations, TurboTax’s Free Edition allows you to file both federal and state taxes at no cost. It’s tailored for straightforward returns, such as Form 1040 filings, and supports limited credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. While this is a cost-effective option, only about 37% of taxpayers qualify, as it does not cover complex scenarios like business ownership, itemized deductions, or investments.

TurboTax and Uber Drivers: What Changed in 2025?

In previous years, Uber drivers could rely on TurboTax for substantial discounts, including a 50% discount that was later reduced to 25%. However, this year, TurboTax seems to have discontinued these exclusive offers for Uber drivers entirely. As of now, the link that once directed users to the discount leads to an error page.

This change marks a significant shift for Uber drivers, many of whom rely on TurboTax Self-Employed for features tailored to gig economy workers, such as tracking mileage and managing 1099 income. Without the discount, drivers may need to explore alternative options or pay full price for TurboTax products.

It’s unclear whether the discontinuation is permanent or temporary, but it underscores the importance of staying updated on financial tools and promotions. While the loss of this discount may be disappointing, Uber drivers can still take advantage of general TurboTax offers or seek tax preparation assistance through other platforms.

Being an Uber Driver: Tax Considerations and Financial Insights

The gig economy continues to grow, and Uber remains one of the most popular platforms for independent contractors. However, driving for Uber comes with unique tax obligations and financial implications. Here’s a comprehensive look at what it means to be an Uber driver, including benefits, drawbacks, and tips for managing taxes and finances effectively.

History and Background of Uber

Uber was founded in 2009 as a ride-sharing platform aimed at revolutionizing the transportation industry. Over the years, it has expanded globally, allowing millions to earn income by driving passengers or delivering food through Uber Eats. As an independent contractor for Uber, drivers are responsible for managing their earnings, expenses, and taxes.

Tax Filing Requirements for Uber Drivers

As an Uber driver, you are classified as an independent contractor, not an employee. This distinction means you’re responsible for:

• Self-Employment Taxes: Uber does not withhold Social Security or Medicare taxes from your earnings. You’ll need to calculate and pay these taxes yourself, typically through quarterly estimated payments.
• Income Reporting: Uber provides drivers with a Form 1099-NEC (Non-Employee Compensation) if you earned at least $600 during the tax year. Even if you don’t receive a 1099, all earnings must be reported.
• Deducting Expenses: Independent contractors can deduct various business expenses to lower their taxable income. Common deductions include:
  • Mileage driven for Uber trips
  • Vehicle maintenance and repairs
  • Gas and oil
  • Tolls and parking fees
  • Car insurance (proportional to business use)
  • Cell phone and data plan costs

How to Sign Up as an Uber Driver

1. Eligibility Requirements: To become an Uber driver, you’ll need to meet the following criteria:
   • Be at least 21 years old
   • Have a valid driver’s license
   • Own or lease a vehicle that meets Uber’s requirements
   • Pass a background check and vehicle inspection
2. Application Process:
   • Visit the Uber website or download the app.
   • Create an account and upload the required documents, including proof of insurance and vehicle registration.
   • Complete the background check and vehicle inspection.

Once approved, you can start accepting ride requests and earning money.

Benefits of Being an Uber Driver

• Flexible Schedule: One of the biggest advantages of driving for Uber is the ability to set your own hours. You can work as much or as little as you want, making it ideal for those seeking supplemental income.
• Instant Pay Options: Uber’s Instant Pay feature allows drivers to cash out their earnings up to five times per day, providing quick access to funds.
• Tax Deductions: Independent contractors can take advantage of numerous tax deductions, which can significantly reduce taxable income.
• Diverse Earning Opportunities: In addition to ride-sharing, Uber offers delivery services through Uber Eats, giving drivers more ways to earn.

Drawbacks of Being an Uber Driver

• Unpredictable Income: Earnings can vary widely depending on location, demand, and competition.
• High Expenses: Vehicle maintenance, gas, and insurance costs can add up quickly, cutting into profits.
• Self-Employment Taxes: Unlike traditional employees, independent contractors must pay both the employer and employee portions of Social Security and Medicare taxes.
• No Benefits: Uber drivers are not entitled to benefits such as health insurance, paid time off, or retirement plans.

Tax Tips for Uber Drivers

1. Track Mileage Accurately: Use apps or a logbook to track your business mileage. This is often the largest deduction for ride-share drivers and can lead to significant tax savings.
2. Separate Personal and Business Expenses: Consider opening a separate bank account or credit card for business-related expenses. This makes it easier to track deductions and simplifies record-keeping.
3. Understand Estimated Taxes: If you expect to owe more than $1,000 in taxes, you’ll need to make quarterly estimated payments to the IRS. This helps avoid penalties for underpayment.
4. Keep Detailed Records: Maintain receipts for all business expenses, including car repairs, gas, and supplies. Digital tools like QuickBooks or a simple spreadsheet can help organize records.
5. Consult a Tax Professional: Given the complexities of self-employment taxes, it may be worth seeking advice from a tax professional or using software like TurboTax Self-Employed to ensure accuracy.

Conclusion

While TurboTax’s discontinuation of discounts for Uber drivers is a setback, there are still plenty of resources and strategies to help manage taxes effectively. By understanding your tax obligations, maximizing deductions, and staying organized, you can navigate the financial challenges of being an Uber driver with confidence. Whether through TurboTax’s general offers or alternative tax preparation tools, there are options to fit your needs this tax season.

Updated on Monday, February 17, 2025: Tax season is here and if you’re planning on filing with the help of TurboTax, then here’s a roundup of all of our favorite offers available today:

1. Extra 20% Off TurboTax Online Versions

TurboTax offers an additional 20% off discount on its Online versions when purchased directly from Intuit. This offer applies exclusively to federal tax products and does not include state tax filings. It’s also worth noting that this discount is stackable with early-season discounts but cannot be combined with other TurboTax promotions. The deal is available until February 28, 2025, providing a great opportunity for early filers to save more.

2. Switch to TurboTax and file free!

If you didn’t use TurboTax last year, you’re eligible to file all tax forms at zero cost using TurboTax’s iOS or Android mobile app. Just file by February 28, 2025 in order to qualify. Note: excludes TurboTax Live editions.

3. TurboTax Undercuts Last Year’s CPA Fee

TurboTax Full Service is guaranteeing a lower price on your tax prep than what you paid a CPA or licensed tax preparer in 2023—by at least 10%. To qualify, you need to sign up by March 18, 2025, and file your 2024 return by March 25, 2025. The final price will be whichever is lower: 10% off your previous tax prep costs or TurboTax’s standard Full Service rate. TurboTax may ask for proof of last year’s payment. This offer is valid for personal tax returns only and is not combinable with other deals.

4. 50% Off QuickBooks Solopreneur Bundle

Self-employed individuals and small business owners can benefit from the QuickBooks Solopreneur Bundle, which is available at 50% off for the first three months. This discount reduces the monthly cost from $20 to $10, making it a valuable resource for managing finances alongside tax preparation.

5. Free TurboTax Freedom Edition for Military Members

TurboTax continues to honor active military service members with its Freedom Edition, offering free software for those ranked E1 through E9. Higher-ranking personnel still receive a discounted rate. To qualify, users must provide a military W-2 form from the 2024 fiscal year. This offer reflects TurboTax’s commitment to supporting military families during tax season.

6. Exclusive Discounts Through Financial Institutions

TurboTax has partnerships with numerous banks and credit unions, enabling customers to access exclusive discounts. To find these offers, check your financial institution’s online portal under the “Deals” or “Partnerships” sections. Navy Federal Credit Union (NFCU) members, for instance, benefit from a 20% discount on TurboTax products.

7. TurboTax Free Edition for Simple Returns

For taxpayers with uncomplicated tax situations, TurboTax’s Free Edition is an excellent choice. This version allows users to file both federal and state taxes at no cost, covering basic 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 the Free Edition, as it does not support complex tax scenarios like itemized deductions, business ownership, or investment income. For those who meet the eligibility criteria, it’s a straightforward and cost-effective way to file taxes.

TurboTax Discount for Navy Federal Credit Union Members

Navy Federal Credit Union (NFCU) continues its tradition of providing valuable tax preparation resources to its members. For 2025, NFCU members can access a 20% discount on TurboTax products. This partnership ensures affordable and straightforward tax filing options for military personnel, veterans, and their families.

Details of the Discount

The 20% discount is available for all TurboTax Online versions, including:

• TurboTax Deluxe: Ideal for maximizing deductions and credits.
• TurboTax Premier: Tailored for taxpayers with investment or rental property income.
• TurboTax Self-Employed: Designed for freelancers, independent contractors, and small business owners.

NFCU members can access this discount through a unique link available in their online banking account. The offer underscores the credit union’s commitment to financial well-being during tax season.

Understanding Navy Federal Credit Union

Background and History

Navy Federal Credit Union was founded in 1933 to serve military members during the Great Depression. Since then, it has grown into the world’s largest credit union, offering a wide range of financial services to over 12 million members. Membership is open to active-duty military personnel, veterans, Department of Defense employees, and their families.

NFCU provides services such as savings and checking accounts, loans, credit cards, and exclusive member benefits, including discounts on tax preparation software like TurboTax.

Membership Benefits

1. Financial Products: Members have access to competitive rates on loans, credit cards, and mortgages.
2. Tax Resources: From direct deposit for refunds to digital access to tax forms like 1099 and 1098, NFCU simplifies tax filing for its members.
3. Discounts and Partnerships: Exclusive deals, such as the TurboTax discount, enhance the value of membership.

How to Join

To become a member, eligible individuals can apply online or at a branch location. Required documentation typically includes proof of military affiliation or Department of Defense employment. Family members of existing NFCU members may also qualify.

NFCU Tax Filing Resources

NFCU offers a suite of tools and resources to help members streamline their tax filing process. These include:

1. Tax ID Information

Navy Federal’s Tax ID, 530116705, is essential for reporting dividend earnings. Members may need this information when completing their tax returns.

2. IRS Form 1099

NFCU provides digital access to Form 1099, which reports interest income. Paper copies are mailed by January 31, 2025, but members can also retrieve them via the NFCU mobile app or online banking.

3. IRS Form 1098

Members with mortgage loans receive Form 1098, which details interest, points, and mortgage insurance premiums paid. Digital copies are available through online banking, and paper copies are sent by the end of January 2025.

4. Direct Deposit for Tax Refunds

Setting up direct deposit for tax refunds is straightforward. Members need NFCU’s routing number (256074974) and their account number. Notifications can also be set up through the NFCU app to receive alerts when refunds are deposited.

5. Submitting Tax ID Certification

NFCU members who need to certify their Tax ID can download the required form from the NFCU website and submit it via fax, mail, or at a branch.

Additional IRS Resources for Taxpayers

For those seeking further guidance, the IRS offers a variety of tools and resources:

1. 1040 Central: Covers the basics of filing taxes, including deadlines and necessary forms.
2. Military Tax Information: Tailored guidance for active-duty and retired military personnel, including combat zone exclusions and deductions.
3. Interactive Tools: The IRS website features calculators and tools to assist with tax preparation.
4. Printable Tax Forms: Taxpayers can access and print forms directly from the IRS website.

Our Final Thoughts

Tax season doesn’t have to be stressful, especially with the resources and discounts provided by TurboTax and Navy Federal Credit Union. From free filing options to exclusive member discounts, there are plenty of opportunities to save money and simplify the process. Whether you’re a military service member, a freelancer, or someone with a straightforward return, taking advantage of these offers can make tax preparation a little easier this year.

Updated on Monday, February 17, 2025:  Tax season is officially here and we’re tracking all of the best TurboTax deals between now and April 15th. Here is a breakdown of the top TurboTax discounts, coupons and offers currently available today:

1. 20% Extra Discount on TurboTax Online
   • TurboTax is offering an additional 20% off discount on federal products when ordered directly through Intuit. This deal is in addition to the early-season discount typically available during the initial weeks of tax season. However, this offer only applies to federal products and cannot be combined with other TurboTax promotions. Make sure to take advantage of this by February 28, 2025.
2. New TurboTax Users Can File Taxes For Free This Year!
   • If you’re new to TurboTax or skipped using TurboTax last year, take you can advantage of this offer: File any tax form for free with TurboTax’s mobile app before February 28, 2025. TurboTax Live not included, other exclusions may apply. For new customers only. Learn more.
3. TurboTax is Offering to Beat the Price You Paid a CPA or Licensed Tax Preparer Last Year
   • If you used a CPA or licensed tax professional for your 2023 taxes, TurboTax Full Service is offering to beat that price by at least 10%. You must sign up before March 18, 2025, and file your return by March 25, 2025, to qualify. The final price will be determined based on either 10% off your prior year’s tax prep fees or TurboTax’s standard Full Service pricing—whichever is lower. Proof of last year’s payment may be required. This offer applies only to TurboTax Full Service for personal taxes and cannot be combined with other discounts.
4. 50% Off QuickBooks Solopreneur Bundle
   • If you’re self-employed or running a small business, you might find the QuickBooks Solopreneur Bundle helpful. For the first three months, you can get this bundle at half price, reducing the cost from $20/month to $10/month. This offer pairs well with TurboTax Self-Employed for a streamlined tax and bookkeeping solution.
5. TurboTax Freedom Edition for Military Members
   • Active-duty military members ranked E1 through E9 can access the TurboTax Freedom Edition at no cost for the 2025 tax season. Those ranked higher can still receive a discount but won’t qualify for the free edition. To redeem this, you’ll need to provide a military W-2 tax form from fiscal year 2024.
6. Bank and Credit Union Partnerships
   • TurboTax frequently collaborates with financial institutions to offer exclusive deals to their customers. Many banks and credit unions list these offers in their online portals under “deals” or “partnerships” sections. Checking with your financial institution could unlock additional savings.
7. Free Filing with TurboTax Free Edition
   • If you have a simple tax situation, the TurboTax Free Edition may be your go-to option. It supports Form 1040 filings and covers limited credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. This is an excellent solution for individuals with basic returns, but it’s worth noting that only about 37% of taxpayers qualify due to its limitations. Those with more complex needs—like investments, business ownership, or itemized deductions—will need to consider paid options.

TurboTax and American Express: No Discount for 2025

For American Express (AMEX) cardholders, TurboTax has historically provided exclusive discounts during tax season. However, this year, AMEX is not offering any TurboTax-specific deals. While this change may disappoint some loyal customers, AMEX still offers general benefits that can ease the financial strain of tax season, such as cashback rewards or statement credits on other tax-related purchases. AMEX users can still take advantage of TurboTax’s standard discounts listed above to reduce their filing costs.

A Closer Look at American Express: Background, Benefits, and Considerations

History and Background

American Express (AMEX), established in 1850, is a globally recognized financial services company. Known for its credit cards, charge cards, and traveler’s checks, AMEX has a long-standing reputation for offering premium benefits tailored to different consumer needs. Unlike most credit card companies, American Express operates as both a card issuer and a payment network, which allows it to provide unique perks and services to its customers.

How to Sign Up for an AMEX Card

Signing up for an American Express card is straightforward. Applications can be completed online through the AMEX website or via referral links. The approval process typically depends on your credit score and income level. American Express offers a wide range of cards—from no-annual-fee options to premium cards like the Platinum and Gold cards, which include extensive travel and lifestyle benefits.

Benefits of Using an AMEX Card During Tax Season

While there isn’t a specific TurboTax discount for AMEX cardholders in 2025, these cards still offer several advantages:

1. Rewards Programs
   • Many AMEX cards provide cashback, points, or travel miles on purchases, which can indirectly benefit tax filers. For instance, using an AMEX card to pay for tax software or professional services might earn rewards that can offset some of the costs.
2. Purchase Protections
   • Some AMEX cards include purchase protection, which can cover eligible expenses in case of disputes or service issues. This might apply if you encounter problems with tax-related software or services.
3. Flexible Payment Plans
   • AMEX’s “Pay It Plan It” feature allows cardholders to manage larger purchases through installment plans. This can be useful if you’re facing high tax preparation or payment costs.
4. Exclusive Benefits for Business Owners
   • Business-focused AMEX cards often include tools for tracking expenses and categorizing purchases, which can simplify tax preparation for entrepreneurs.

Drawbacks of Using AMEX for Tax Season Expenses

Despite its perks, there are some limitations to consider when using an AMEX card:

1. Acceptance Issues
   • While widely accepted in the U.S., some smaller merchants or tax preparation services may not take AMEX due to its higher transaction fees compared to Visa or Mastercard.
2. High Annual Fees
   • Premium AMEX cards often come with significant annual fees, which might not be justifiable if you’re primarily seeking a card for occasional tax-related expenses.
3. No TurboTax Discount
   • As previously mentioned, AMEX cardholders won’t receive a direct TurboTax discount this year, which might be a downside for those accustomed to this benefit.

Tax Filing Tips for AMEX Cardholders

To maximize the value of your AMEX card during tax season, consider these strategies:

1. Leverage AMEX Offers
   • Check your AMEX online account or mobile app for targeted offers. While TurboTax isn’t included this year, you might find deals on other tax-related services or office supplies.
2. Use Points for Purchases
   • If your AMEX card earns Membership Rewards points, you may be able to use them to pay for eligible purchases, including tax software or IRS payments.
3. Track Expenses Efficiently
   • Many AMEX cards include expense tracking tools, which can help you categorize deductions and streamline your tax filing process.
4. Utilize Cashback Benefits
   • Cards like the Blue Cash Everyday® Card from American Express offer cashback on everyday purchases. Applying these rewards to your tax-related expenses can offset some of your costs.

Additional Resources for Tax Season

Whether you’re an AMEX cardholder or not, taking advantage of available resources can make tax season less daunting. Here are a few recommendations:

1. IRS Free File
   • If your income is below a certain threshold, you might qualify for the IRS Free File program, which provides access to free tax preparation software.
2. Tax Preparation Assistance
   • Organizations like the Volunteer Income Tax Assistance (VITA) program offer free tax help for qualifying individuals, including those with disabilities, limited English proficiency, or incomes below $60,000.
3. Financial Planning Tools
   • AMEX and other financial institutions often provide budgeting and tax planning tools that can help you stay organized throughout the year.
4. Direct Deposit for Refunds
   • To receive your tax refund quickly, set up direct deposit using your AMEX-affiliated bank account or another preferred account.

Our Final Thoughts

While American Express cardholders won’t see a dedicated TurboTax discount in 2025, there are still plenty of ways to make tax season manageable and cost-effective. By taking advantage of TurboTax’s existing discounts and leveraging the benefits of your AMEX card, you can ease the financial and logistical burden of filing taxes. Remember to stay informed about other potential offers from financial institutions and use available tools to simplify the process.