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Our Top TurboTax Discounts, February 2025

February 17, 2025 BlackerFriday.com Leave a comment

Updated on Monday, February 17, 2025: The 2025 tax season has arrived! Whether you’re filing a simple return or need to navigate more complex financial situations, here’s a look at all of our favorite offers from TurboTax that are worth considering:

1. 20% Off TurboTax Online Versions

TurboTax is offering a 20% discount on all TurboTax Online federal products when you order directly from Intuit’s website. This discount applies to the Deluxe, Premier, and Self-Employed versions, helping to lower the cost of tax preparation. The offer is valid until February 28, 2025, and it applies to federal tax products only, with state products excluded. Note that this offer cannot be combined with any other TurboTax discounts.

2. Free Edition for Simple Returns

Thinking of switching tax software? If you didn’t use TurboTax last year, you can now file your 2025 taxes for free using their mobile app for iOS and Android. Just file by February 28, 2025 to take advantage of this deal. Some exclusions apply, including TurboTax Live versions that do not qualify for the free offer.

3. TurboTax Will Undercut Your CPA’s Fee From Last Year

TurboTax Full Service is offering a tax preparation discount of at least 10% compared to what you paid a CPA or licensed tax professional last year. To be eligible, you must lock in this offer by March 18, 2025, and file your 2024 return by March 25, 2025. Your final price will be whichever is lower: 10% off last year’s tax prep fees or TurboTax’s standard Full Service pricing. TurboTax may request a receipt from your previous tax preparer for verification. This promotion is only available for personal tax filings and cannot be combined with other offers.

4. 50% Off QuickBooks Solopreneur Bundle

For freelancers and self-employed individuals, TurboTax offers a 50% discount on the QuickBooks Solopreneur Bundle. The bundle, which includes QuickBooks Self-Employed and a suite of tools for managing your business finances, is available for $10/month for the first three months (down from the regular $20/month price). This offer helps small business owners track expenses, deductions, and prepare for tax season with ease.

5. TurboTax Freedom Edition for Active Military Personnel

Active-duty military members (E1 to E9 rank) are eligible for free TurboTax software through the TurboTax Freedom Edition. This offer includes both federal and state tax filings. If you’re a service member ranked higher than E9, you can still access an additional discount, though the software is no longer entirely free. A military W-2 tax form for the 2024 fiscal year is required to apply for this offer.

6. Bank and Credit Union Partnerships

TurboTax partners with a wide range of financial institutions to offer exclusive discounts to customers. If you bank with one of these institutions, check their online portal for current TurboTax promotions, typically found in the “deals” or “partnerships” sections.

7. Free Edition for Simple Returns

For taxpayers with straightforward tax situations, the TurboTax Free Edition is a great option. This version allows you to file both federal and state taxes at no cost, provided your situation is simple. It supports basic forms like Form 1040 and is ideal for those claiming credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only around 37% of taxpayers qualify for this edition since it does not support more complex returns such as those involving business income, itemized deductions, or investments.

TurboTax and OceanFirst Bank’s Partnership

For years, OceanFirst Bank has partnered with TurboTax to offer its customers a 10% discount on TurboTax products. This collaboration helps make tax filing more accessible and affordable for customers, whether they have a simple tax situation or need to file more complex returns. The 10% discount is available on various TurboTax 2025 products, including TurboTax Deluxe, Premier, and Self-Employed, with more specialized versions like TurboTax Live and Full Service also included.

OceanFirst customers can easily access the discount by using a special link provided by the bank. Once on the TurboTax website, the discount will automatically apply, making it seamless for OceanFirst account holders to get started with their tax filing. Whether you’re filing your own taxes or seeking assistance from a TurboTax expert, the 10% savings can help reduce the overall cost of tax preparation.

About OceanFirst Bank

OceanFirst Bank is a trusted financial institution with over a century of experience serving the Northeast United States, particularly New Jersey, New York, and Pennsylvania. Established in 1902, OceanFirst began as a small mutual savings bank and has since grown into one of the region’s leading community banks. Throughout its history, OceanFirst has remained dedicated to providing personalized financial services to individuals, families, and businesses.

History of OceanFirst Bank

OceanFirst was founded to help local residents save money and secure home financing. Over the years, the bank expanded its reach and transitioned from a mutual savings institution to a publicly traded company in 1996. Today, the bank operates over 40 branches and serves a diverse range of customers. Its commitment to personalized service and community engagement has helped the bank remain a reliable financial partner in the region.

Where and How to Sign Up

OceanFirst Bank’s branch network is primarily located in the Northeast, but its online and mobile banking services allow customers from across the country to access its products and services. You can sign up for OceanFirst accounts by visiting a local branch or by using the bank’s online application portal. Customers outside the bank’s geographic footprint can still benefit from its digital banking tools, which allow for easy account management, bill payments, and more.

Benefits of Banking with OceanFirst

OceanFirst Bank offers a variety of benefits that make it a solid choice for personal and business banking:

Community Focus: OceanFirst is deeply committed to giving back to the communities it serves. Through initiatives such as the OceanFirst Foundation, the bank donates millions of dollars to nonprofit organizations and community development projects each year.
Personalized Service: OceanFirst’s staff provides tailored solutions to meet the unique needs of its customers. Whether you’re looking for a checking account, a mortgage, or a small business loan, the bank’s team is dedicated to helping you find the best option.
Comprehensive Product Offerings: The bank offers a wide range of products, including checking and savings accounts, mortgages, personal loans, and business banking solutions.
Digital Banking: OceanFirst provides a robust online and mobile banking platform, making it easier for customers to manage their accounts, deposit checks, and pay bills remotely.
Competitive Rates: OceanFirst offers competitive rates on its loans and deposit products, making it an attractive choice for customers who are focused on saving money.
Tailored Solutions for Special Groups: OceanFirst offers specialized services for veterans, students, and small businesses. These services are designed to meet the specific needs of these customer segments.

Drawbacks of Banking with OceanFirst

While OceanFirst Bank offers many advantages, there are a few potential drawbacks to consider:

Limited Geographic Reach: OceanFirst’s branches are mainly located in the Northeast. If you live outside this region, you may need to rely on the bank’s online services for most of your banking needs.
Small Business Features: While the bank offers solid business banking products, it may not have the same level of specialized tools and services as larger national banks or fintech companies.
Less Cutting-Edge Technology: OceanFirst’s digital banking tools are functional but may lack some of the advanced features offered by larger institutions with bigger technology budgets.
Higher Fees: Some customers have reported higher fees for services such as wire transfers and overdraft protection compared to other banks.

OceanFirst and Tax Season

During tax season, OceanFirst Bank offers several resources to help customers manage their finances and file their taxes efficiently.

TurboTax Discount: As part of its commitment to supporting its customers during tax season, OceanFirst offers a 10% discount on TurboTax products. Whether you are filing a simple return or managing more complex financial situations, this discount can help lower your tax preparation costs.
Financial Education: OceanFirst offers a range of financial literacy resources, including workshops, webinars, and online resources that focus on budgeting, saving, and preparing for tax season. These resources can help customers make informed financial decisions throughout the year.
Tax Organization Tools: OceanFirst’s online banking platform allows customers to track expenses, categorize transactions, and gather necessary documentation for tax filing. These tools can help streamline the tax preparation process and ensure that you have all the necessary paperwork in order.
Savings and Loan Options: If you’re expecting a tax refund, OceanFirst offers a range of savings accounts to help you make the most of your windfall. Alternatively, if you owe taxes and need financial assistance, the bank provides personal loans and lines of credit with competitive rates to help cover the costs.

Tips for Making the Most of Tax Season with OceanFirst Bank and TurboTax

Claim the TurboTax Discount: Be sure to use the special link provided by OceanFirst to access the 10% discount on TurboTax products. This can help reduce the overall cost of tax preparation.
Organize Early: Use OceanFirst’s financial tools to gather and categorize your financial documents in advance. This will make the tax filing process much smoother.
Explore Deductions and Credits: TurboTax’s software is designed to help you identify all eligible deductions and credits, so take the time to review these options to maximize your refund or minimize your tax liability.
Plan for Your Refund: If you’re expecting a tax refund, consider opening a savings account with OceanFirst to allocate the funds toward future goals, such as building an emergency fund, purchasing a home, or investing in your retirement.
Seek Professional Help: If your tax situation is complicated, such as owning multiple properties or running a business, consider using TurboTax Live or consulting with a tax advisor for more personalized guidance.

Our Final Thoughts

OceanFirst Bank’s partnership with TurboTax for the 2025 tax season provides valuable benefits for its customers, including a 10% discount on TurboTax products. Whether you’re filing a simple return or need professional guidance, this discount, along with OceanFirst’s comprehensive financial tools, can help make tax season more manageable. By taking advantage of the resources and financial education provided by OceanFirst, you can make informed decisions and optimize your financial health throughout the year.

Current TurboTax 2025 Discounts & Coupons

February 17, 2025 BlackerFriday.com Leave a comment

Updated on Monday, February 17, 2025: TurboTax is well-known for offering a variety of discounts and promotions each tax season, helping individuals and families save on tax filing costs. For the 2025 tax season, there are several noteworthy offers that can make the filing process more affordable for a wide range of taxpayers. Here are our favorites available today!

20% Off TurboTax Online Versions. TurboTax is offering a 20% discount on all of its online products, including its Deluxe, Premier, and Self-Employed versions. This discount applies only to federal tax products and cannot be combined with any other offers. The deal is available through February 28, 2025, so it’s a good idea to take advantage of it early in the season. Just head to TurboTax’s official site to access the deal.
Free Edition for Simple Returns. Thinking of switching tax software? If you didn’t use TurboTax last year then you can now file your 2025 taxes for free, but only when using their mobile app. Just file by February 28, 2025 to take advantage of this deal. Note: excludes TurboTax Live editions.
TurboTax will match or lower your CPA’s cost from last year. For those who used a CPA or licensed tax preparer for their 2023 tax return, TurboTax Full Service is offering a guaranteed lower price by at least 10%. To qualify, you must lock in this offer by March 18, 2025, and submit your tax return by March 25, 2025. TurboTax will adjust your price based on either a 10% discount from last year’s fees or their standard pricing, whichever results in the lower cost. Proof of previous tax prep fees may be necessary. This offer is valid only for TurboTax Full Service for personal taxes and cannot be combined with other promotions.
50% Off QuickBooks Solopreneur Bundle. For freelancers or self-employed individuals, TurboTax offers a 50% discount on the QuickBooks Solopreneur Bundle. This bundle is available for $10 per month for the first three months (down from the usual price of $20). This deal helps small business owners manage their finances with QuickBooks while also simplifying tax filing.
TurboTax Freedom Edition for Active Military Personnel. TurboTax offers a special Freedom Edition for active military service members, which allows them to file both federal and state taxes at no cost. This offer applies to those in rank E1 through E9 and is available during the 2025 tax season. Military members must submit a military W-2 from the 2024 fiscal year to qualify. If you rank higher than E9, additional discounts are available.
Bank and Credit Union Partnerships for Exclusive Discounts. TurboTax often partners with various financial institutions, including credit unions and banks, to provide exclusive discounts to their customers. To take advantage of these offers, check your bank or credit union’s website for specific links to the promotions.
Free Edition for Simple Returns. TurboTax offers its Free Edition for those with basic tax returns. This option allows you to file both federal and state taxes without any cost, provided your tax situation is straightforward. It’s designed for people who only need to file a simple Form 1040 and supports credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, it’s important to note that only a small percentage of taxpayers (about 37%) will qualify for the Free Edition, as it doesn’t support more complex returns.

TurboTax and the Commercial Bank of Texas Partnership

For the 2025 tax season, TurboTax continues its longstanding partnership with the Commercial Bank of Texas (CBTX), offering a 10% discount on all TurboTax products to CBTX customers. This collaboration has been a recurring benefit for CBTX clients, allowing them to save on their tax filing costs.

The 10% discount applies directly when customers use a special link to access TurboTax’s platform. Once on the site, the discount is automatically applied to their order—no additional coupon code is needed. Whether you’re filing for yourself or for a small business, this offer helps reduce the cost of using TurboTax’s premium products.

For those who are already familiar with TurboTax, this partnership simplifies the process. By signing into the TurboTax platform through the direct link provided by CBTX, customers automatically receive a reduction on their purchase, making the service more affordable.

Commercial Bank of Texas (CBTX): A Trusted Financial Partner

A History of Community Focus and Service

Founded in 1901, the Commercial Bank of Texas has built a reputation over more than a century of providing reliable and personalized financial services to the residents and businesses of East Texas. From its earliest days, CBTX has been committed to strengthening local communities by offering financial solutions that cater to both individuals and businesses.

Unlike larger national banks, which may offer more standardized services, CBTX prides itself on understanding the unique needs of the people it serves. This personalized approach has made the bank a trusted financial partner for generations of East Texans.

The Role of CBTX in Tax Season

While CBTX doesn’t directly offer tax preparation services, the bank plays an important role during tax season by partnering with companies like TurboTax to provide their customers with valuable discounts. Through this partnership, CBTX helps ensure that its clients can access reliable and affordable tax filing tools.

CBTX recognizes the importance of tax season and offers its customers the ability to file their taxes with TurboTax at a reduced cost. Whether you’re filing personal returns or small business taxes, the bank’s partnership with TurboTax makes tax filing more accessible and less costly for CBTX account holders.

Additionally, CBTX offers a variety of financial products that complement the tax preparation process, including savings accounts, loans, and investment services, which may help with tax planning or managing finances year-round.

A Look at CBTX’s Services

CBTX is a full-service community bank offering a wide range of products and services to meet the diverse needs of its customers. These services are designed for both personal and business banking.

Personal Banking: CBTX offers checking and savings accounts, mortgages, auto loans, and credit cards. With digital banking tools available, customers can easily manage their accounts online or through mobile apps. For those looking to grow their savings or build their credit, CBTX provides the necessary resources to do so.
Business Banking: The bank offers flexible solutions for small businesses, including business loans, merchant services, and business credit cards. CBTX is well-versed in the needs of local businesses and provides tailored financial solutions that support growth and success.

Although CBTX does not offer tax preparation directly, its customers can benefit from their partnership with TurboTax, which streamlines the process of filing taxes, a crucial part of financial management for both individuals and businesses.

How to Sign Up and Access TurboTax Discounts

To take advantage of the TurboTax discount through CBTX, customers need to follow a straightforward process:

Access the Special Link: Go to the CBTX website or their online banking portal and look for the TurboTax partnership offer. The discount is available directly through this special link, so be sure to access it from a trusted source.
Sign into TurboTax: Once on the TurboTax page, you’ll be directed to create or sign into your TurboTax account. The 10% discount will be applied automatically to the federal tax filing products.
Complete Your Filing: After selecting the TurboTax product that suits your needs, proceed with the tax filing process. You can access support through TurboTax’s expert assistance if you encounter any questions along the way.

By following these steps, you can easily save on your tax preparation fees, making this offer a convenient way to file taxes efficiently and affordably.

CBTX’s Focus on Community and Customer Service

What sets CBTX apart from other financial institutions is its strong commitment to the local community. The bank not only provides personal and business banking services but also gives back through community outreach programs, supporting local schools, charities, and nonprofit organizations. CBTX works tirelessly to ensure that its services are accessible to all members of the community, making it a valued partner in East Texas.

CBTX’s Presence and Reach

Although primarily based in East Texas, with branches in Lufkin, Nacogdoches, Henderson, and other regional hubs, CBTX offers online banking tools that extend its reach far beyond its physical locations. This ensures that even if you live outside East Texas, you can still access the bank’s services and take advantage of offers like the TurboTax discount.

Whether you’re a long-time CBTX customer or a new account holder, you can benefit from the bank’s wide array of products and the savings offered through its tax season partnerships.

Benefits and Drawbacks of the CBTX-TurboTax Partnership

Benefits:

Financial Savings: The 10% discount on TurboTax products is a great way to reduce the overall cost of tax preparation. This is particularly useful for individuals or small business owners who may be on the fence about using TurboTax’s more comprehensive plans.
Simplicity: The partnership between CBTX and TurboTax means that filing taxes becomes simpler and more affordable. TurboTax’s user-friendly interface allows individuals to file their taxes quickly and accurately, while the discount ensures that the process is more budget-friendly.
Customer Support: TurboTax offers access to live expert support for those with more complex tax situations. This can provide peace of mind to those who are unfamiliar with tax laws or need extra assistance during filing.
Convenience: Through this partnership, CBTX customers can easily access TurboTax without needing a separate coupon code or lengthy process. The automatic discount is applied directly once the customer accesses the TurboTax platform through CBTX’s link.

Drawbacks:

Cost of State Filing: While the 10% discount on federal filing is helpful, state tax filing fees can still add up. Some states have complex tax laws that may require additional assistance, which can increase the overall cost of using TurboTax.
Not for All Tax Situations: TurboTax is great for most common tax situations, but if you have a highly complex tax scenario (such as multiple businesses, international income, or specialized deductions), you may still need to hire a professional accountant, making the software less cost-effective for some.
Security Concerns: Like with any online service, there are always security considerations. Although TurboTax has strong encryption and security measures, some users may still be wary of submitting sensitive financial information online.

Our Final Thoughts

TurboTax’s partnership with the Commercial Bank of Texas provides a valuable opportunity for customers to save on tax preparation costs during the 2025 tax season. Through the 10% discount, CBTX account holders can simplify their tax filing process while saving money. CBTX’s long history in East Texas and its commitment to providing personalized service make it a reliable resource for those looking for financial solutions, and the partnership with TurboTax is another example of how the bank continues to meet the evolving needs of its community.

By leveraging both CBTX’s financial services and TurboTax’s robust tax filing platform, individuals and businesses can navigate tax season with confidence and savings. Whether you’re filing a simple return or managing a small business, this collaboration offers a practical and affordable way to tackle your tax responsibilities efficiently.

Top TurboTax 2025 Discounts: Ways to Save on Your Tax Filing

February 17, 2025 BlackerFriday.com Leave a comment

Updated on Monday, February 17, 2025: While some discounts, such as the one previously available for State Farm members, may no longer be available this year, there are still plenty of ways to save money on TurboTax products for the 2025 tax season. Here’s a breakdown of the current TurboTax deals to help you file your taxes without breaking the bank.

1. 20% Off TurboTax Online Versions

For those who prefer the convenience of filing their taxes online, TurboTax offers a 20% discount on all TurboTax Online versions. This deal is available directly through TurboTax’s website, making it easy for you to file your taxes from the comfort of home. It applies to federal tax filing products but does not include state filing fees. The offer is valid until February 28, 2025.

2. New Customer Don’t Pay Anything!

If you didn’t use TurboTax last year, you can now file all tax forms for free, but only when you do so through TurboTax’s official mobile app. Offer valid until February 28, 2025 (excludes TurboTax Live). Learn more.

3. 50% Off QuickBooks Solopreneur Bundle

For freelancers or small business owners, TurboTax offers a 50% discount on the QuickBooks Solopreneur Bundle for the first three months. Normally priced at $20 per month, the discount brings it down to $10 per month. This bundle provides accounting tools for managing business finances, which can be incredibly helpful when preparing taxes for self-employed individuals or small business owners.

4. TurboTax Offers to Beat Your CPA’s Price From Last Year.

TurboTax Full Service is offering to lower your tax filing cost by at least 10% compared to what you paid a CPA or licensed tax preparer last year. To take advantage, you must sign up before March 18, 2025, and file your 2024 taxes by March 25, 2025. TurboTax will determine your new price based on either a 10% reduction from your previous tax prep fee or their standard Full Service pricing—whichever is lower. Proof of last year’s payment may be required for verification. This offer applies only to TurboTax Full Service for personal tax returns and cannot be stacked with other deals.

5. 50% Off QuickBooks Solopreneur Bundle

6. Free Filing for Active Military Personnel

TurboTax offers a special Free Edition for active military personnel, making it easier for those serving in the armed forces to file their taxes without additional costs. The Free Edition is available to active duty service members in the E1-E9 pay grades, and the offer applies to both federal and state tax filings. Higher-ranking personnel may still receive a discount, but the service will not be completely free.

7. Bank & Credit Union Offers

Select bank and credit unions may offer a discount on various TurboTax 2025 products. This deal is often available to those using TurboTax’s Deluxe, Premier, or Self-Employed plans. If available, it can be accessed by logging into your online banking or credit union, where the discount will automatically be applied when you proceed to TurboTax’s platform.

8. Free Edition for Simple Returns

TurboTax’s Free Edition allows you to file your federal and state taxes at no cost, as long as you have a simple tax situation. This is ideal for people who are filing straightforward returns using Form 1040. The Free Edition supports basic deductions like the Earned Income Tax Credit (EITC) and Child Tax Credit. However, it’s important to note that only about 37% of taxpayers qualify for the Free Edition, as more complex tax situations require a paid version.

State Farm’s Partnership with TurboTax: The End of an Era

For many years, State Farm customers enjoyed the benefit of exclusive TurboTax discounts through a partnership between the two companies. This partnership allowed State Farm policyholders to save on tax preparation services during tax season. Unfortunately, this discount is no longer available for the 2025 tax year, marking the end of a longstanding collaboration.

While it’s disappointing for many loyal State Farm customers, it’s also a reminder of the importance of keeping an eye on available promotions and offers, especially when it comes to tax season. Although the State Farm-TurboTax discount may have ended, there are still many other ways to save on tax filing through different TurboTax promotions or deals from other organizations.

A Closer Look at State Farm: History and Role in Financial Services

State Farm, one of the most well-known insurance providers in the United States, has been offering insurance products since its founding in 1922. The company was initially created by George J. Mecherle, a retired farmer who wanted to offer affordable auto insurance to farmers. His vision was to provide coverage at a lower cost than traditional insurance companies, and it quickly gained popularity.

Founding and Growth of State Farm

State Farm began as an auto insurance company but expanded rapidly over the years. By 1929, the company had grown enough to offer home insurance, and it continued to diversify its products throughout the 20th century. Today, State Farm is a household name, not only for its auto and home insurance but also for its life insurance, banking services, and financial planning options.

The company operates as a mutual company, meaning it is owned by its policyholders rather than stockholders. This structure allows State Farm to prioritize the interests of its customers, offering competitive pricing and excellent customer service. Headquartered in Bloomington, Illinois, State Farm operates across the United States, with more than 19,000 agents.

State Farm’s Financial Services

In addition to insurance, State Farm offers a broad range of financial products, which are relevant to tax planning and season. These include:

Banking Services: Through a partnership with U.S. Bank, State Farm offers checking and savings accounts, as well as credit cards. These accounts can be helpful for managing finances year-round, including during tax season.
Investment and Retirement Planning: State Farm provides investment options and retirement planning services such as IRAs (Individual Retirement Accounts). These products allow customers to reduce taxable income and plan for their financial future.
Tax-Related Services: While State Farm does not directly provide tax filing services, their investment accounts and life insurance products may influence tax obligations. For instance, contributions to an IRA can be deducted from taxable income, while life insurance products may affect estate and inheritance taxes.

How State Farm Plays a Role in Tax Season

While State Farm is not directly involved in tax filing, its financial products play a significant role in tax planning. Here’s how:

Insurance and Tax Deductions

Certain State Farm insurance products may have tax implications:

Home Insurance: If you use part of your home for business purposes, you may be able to deduct a portion of your home insurance premium as a business expense.
Auto Insurance: Self-employed individuals or those who use their vehicle for business may be able to deduct a portion of their auto insurance premiums as a business expense.
Health Insurance: If you have supplementary health insurance through State Farm, there may be tax benefits related to medical expenses.

Investment Accounts and Tax Implications

State Farm’s retirement accounts, such as IRAs, provide opportunities for tax planning during tax season:

Traditional IRAs: Contributions to a Traditional IRA may lower your taxable income for the year. However, withdrawals in retirement will be subject to taxes.
Roth IRAs: Contributions to a Roth IRA are made after-tax, but the account grows tax-free, and withdrawals in retirement are not taxed. This can be a long-term tax advantage.

State Farm agents can offer advice on how to navigate these tax benefits, ensuring that you make the most of your retirement and investment planning.

Benefits of State Farm’s Financial and Insurance Services

State Farm is known for offering a wide variety of products and services, providing both insurance coverage and financial planning tools. Here are some benefits:

Comprehensive Coverage: With auto, home, life, and health insurance, State Farm allows customers to consolidate their insurance needs with one provider.
Local Presence: With a vast network of agents, State Farm offers a personalized experience. Many customers appreciate the ability to speak with a local agent who understands their specific needs.
Financial Expertise: State Farm agents are highly trained in financial planning, offering services such as retirement planning and investment advice. This expertise is valuable, especially for those trying to navigate the complexities of taxes, investments, and long-term financial goals.
Community Involvement: State Farm is well-known for its philanthropic efforts. It supports education, disaster relief, and local community initiatives, which strengthens its reputation as a customer-focused company.

Drawbacks of State Farm

While State Farm offers many benefits, there are also some potential downsides:

Higher Premiums: Some customers find that State Farm’s premiums, especially for auto and home insurance, are higher compared to some competitors. This may be a consideration for those looking to save money on insurance costs.
Limited Digital Services: Though State Farm has made strides in digital tools, its online offerings still lag behind some of its competitors, especially when it comes to user-friendly mobile apps and digital claims processes.
No Direct Tax Services: While State Farm offers many financial products that can influence taxes, it does not provide direct tax preparation services. For those looking to file their taxes through a single platform, this may require using third-party services like TurboTax.

Navigating Tax Season with State Farm

Although State Farm no longer offers a discount on TurboTax for the 2025 season, it’s still an important player in your overall financial and tax strategy. Here are some tips for using State Farm’s products during tax season:

Maximize Deductions and Credits

Insurance Premiums: Consider if any portion of your State Farm insurance premiums can be deducted. For example, home and auto insurance may be deductible if used for business purposes.
Retirement Contributions: If you have a Traditional IRA through State Farm, making a contribution before the tax deadline could reduce your taxable income for the year.
Tax-Efficient Investments: If you have a Roth IRA, remember that it grows tax-free, providing long-term benefits.

Plan for the Future

Tax season is also a great time to evaluate your financial plan. Review your State Farm insurance coverage and retirement accounts to ensure they align with your long-term goals. If you’re unsure, reach out to a State Farm agent who can provide guidance on making adjustments to your financial plan.

Keep an Eye on Promotions

While State Farm’s partnership with TurboTax may no longer be available, other discounts and promotions may be offered by TurboTax directly or through your financial institution. Always check for available deals before filing your taxes.

Our Final Thoughts

State Farm’s role in tax season may not be as direct as offering tax filing services, but the products and services it provides can play a significant role in your overall financial planning and tax strategy. With its comprehensive coverage options and financial products, State Farm remains an important resource for customers navigating taxes and beyond.

Though the partnership between State Farm and TurboTax has ended for the 2025 tax season, there are still numerous ways to save money and maximize your tax situation. Whether you are looking for tax deductions, planning for retirement, or simply filing your taxes, staying informed and proactive will help you make the best decisions for your financial future.