Updated on Monday, February 17, 2025: Tax season is officially here and if you’ll be filing using TurboTax’s tax-prep software this year, then be sure to take advantage of one of the several discounts and promotions available for the 2025 tax season. Below are our favorite current discounts (this list is updated on an ongoing basis through the April 15th tax filing deadline):

1. 20% Coupon on TurboTax Online Versions

TurboTax is offering a 20% instant coupon on all of its Online versions, including Basic, Deluxe, Premier, and Self-Employed. The discount applies only to federal tax products and excludes state filings. Additionally, you can combine this 20% discount with early-season savings on select “Live” Full-Service and Assisted Versions. However, this promotion cannot be combined with other TurboTax discounts. The offer is valid until February 28, 2025.

2. Free Filing for First-Time TurboTax Users

If you’ve never used TurboTax before or if you skipped it last year, you can file any tax form free through TurboTax’s mobile app. However, this offer is available only if you file by February 28, 2025. Note that TurboTax Live services are not included in this free filing promotion. Existing customers (those who filed with TurboTax last year) are ineligible for this offer.

3. TurboTax Promises A Better Deal Than Your CPA Fee Last Year

Get a minimum 10% discount on TurboTax Full Service compared to your 2024 CPA fees. Enroll by March 18, 2025, and submit your tax return by March 25 to lock in your savings. Your price will be based on either a 10% discount from last year’s prep fees or TurboTax’s current Full Service pricing—whichever is lower. Proof of fees may be needed to confirm your eligibility. This deal applies to personal tax returns only and excludes other offers.

4. Partnership Discounts with Financial Institutions

TurboTax has partnered with several financial major institutions and credit unions across the U.S. to provide exclusive discounts to their customers. To access these discounts, you’ll need to check your financial institution’s online portal, usually under sections like “deals” or “partnerships.” These deals may vary, so it’s worth exploring what offers your specific bank (such as Bank of America and U.S. Bank), credit union (such as BECU or NFCU), or auto club (such as AAA) may have for the 2025 tax season.

5. TurboTax Free Edition for Simple Returns

TurboTax’s Free Edition allows eligible taxpayers to file both federal and state returns at no cost. This version is best suited for simple tax situations, such as filing Form 1040. It also covers limited credits, like 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 doesn’t support more complex situations like business income or itemized deductions. If you meet the criteria, this is an excellent option for filing your taxes with minimal cost.

6. TurboTax Freedom Edition for Military Members

Active-duty military members ranked E1 through E9 can file their taxes for free using TurboTax’s Freedom Edition. This version is available to qualifying military personnel during the 2025 tax season, and it covers both federal and state filings. However, higher-ranking service members are not eligible for this free version but can still benefit from substantial discounts. To qualify, you must submit a military W-2 form from the 2024 fiscal year.

7. H&R Block’s Competing Offer

For those considering an alternative to TurboTax, H&R Block is offering a 20% discount on all versions of their software, including Basic, Deluxe + State, Premium, and Premium & Business. One convenient feature of H&R Block’s software is its ability to quickly import last year’s TurboTax data using .tax or PDF files. This promotion is valid until February 28, 2025, and could be an attractive alternative for those looking to switch providers.

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No TurboTax Discount for BNY Pershing Customers in 2025

Unfortunately, BNY Pershing is no longer offering any discounts on TurboTax products this year. In previous tax seasons, BNY Pershing customers were eligible for special savings on TurboTax. However, the link for last year’s offer no longer applies any discount. It appears that this partnership has ended for the 2025 tax season, leaving BNY Pershing customers without a TurboTax discount option this year.

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Understanding BNY Pershing: History, Services, and How it Relates to Tax Season

BNY Pershing is one of the leading providers of financial services to institutional investors, wealth managers, and financial advisors. As part of the Bank of New York Mellon Corporation, BNY Pershing offers a wide range of services that help individuals and organizations manage their investments, taxes, and other financial needs.

History and Background
BNY Pershing traces its roots back to the early 1930s when it was founded as a small firm focused on securities trading. Over the years, it evolved, expanding its offerings to include clearing and custody services for financial institutions, as well as investment and wealth management solutions for individual clients.

In the 2000s, BNY Pershing became part of Bank of New York Mellon, one of the oldest and most respected financial institutions in the world. Today, BNY Pershing serves a wide range of clients, from large institutions to individuals working with financial advisors. Its services include wealth management, tax reporting, investment solutions, and a suite of tools designed to help clients optimize their portfolios and navigate tax season.

Services Offered by BNY Pershing
BNY Pershing provides a broad range of services tailored to the financial needs of individuals and institutions. These services include:

• Investment Solutions: BNY Pershing offers a variety of investment tools and platforms, helping clients manage portfolios and make informed financial decisions. Whether you’re investing in stocks, bonds, mutual funds, or alternative investments, BNY Pershing provides the infrastructure and guidance needed for successful investing.
• Tax Reporting Services: BNY Pershing is known for its tax reporting services, which help clients navigate the complexities of tax filing. Each year, BNY Pershing delivers 1099 tax forms to clients, which detail various income sources, including dividends, interest, and capital gains. These forms are an essential part of tax reporting for investment portfolios.
• Financial Advisor Services: The company provides various tools and resources for financial advisors, helping them manage client portfolios, execute trades, and ensure compliance with financial regulations. This is particularly valuable during tax season, as advisors can offer clients timely advice on tax-efficient investment strategies.
• Technology and Digital Tools: BNY Pershing also offers a wide array of digital tools to streamline the investing process. Their platforms provide real-time access to account information, trade execution, and investment research, which can help clients make informed decisions. Additionally, their tax reporting services include online access to your forms, making it easier to stay organized during tax season.

Sign-Up Process for BNY Pershing
If you’re interested in opening an account with BNY Pershing, the process is relatively straightforward. For individual investors, you typically need to work with a financial advisor who has access to BNY Pershing’s platform. The sign-up process involves providing personal identification information, such as your Social Security number, address, and financial details. Once your account is set up, you’ll have access to BNY Pershing’s full suite of services.

Institutions and financial advisors who wish to work with BNY Pershing can also sign up through a similar process, though the account setup may involve additional paperwork and regulatory compliance steps.

Benefits of Using BNY Pershing
There are several benefits to using BNY Pershing’s services, especially during tax season. Some of the key benefits include:

• Comprehensive Tax Reporting: As a custodian and clearinghouse, BNY Pershing handles tax reporting for many of its clients. By receiving 1099 forms detailing investment income, clients can easily access the information they need for tax preparation. This can save time and effort during tax season, making it easier to file taxes accurately.
• Expertise in Investment Management: BNY Pershing’s platform is widely used by financial advisors, which ensures that you have access to the expertise and knowledge of professional investment managers. This can help ensure that your portfolio is structured efficiently, not only for growth but also for minimizing tax liabilities.
• Variety of Investment Options: BNY Pershing offers a wide range of investment options, including retirement accounts, taxable investment accounts, and tax-advantaged products like IRAs. This variety allows clients to tailor their investments to their specific tax situation and financial goals.
• Robust Digital Tools: BNY Pershing’s online and mobile platforms are easy to use and provide real-time access to account information. This level of transparency is useful for tracking investments, managing portfolio performance, and keeping track of tax-related details.

Drawbacks of BNY Pershing
Despite its many benefits, there are some drawbacks to using BNY Pershing that are worth considering:

• Limited Direct Consumer Access: Unlike many banks or investment firms that allow individuals to directly open accounts, BNY Pershing’s platform is primarily used by financial advisors and institutions. As an individual, you would need to work with an advisor to take full advantage of their services, which may not be ideal for everyone.
• Higher Fees for Some Services: BNY Pershing’s services may come with higher fees compared to other custodians or platforms, especially for smaller investors. While institutional clients often benefit from discounted fees, individuals may face higher costs for account management or investment services.
• Lack of Personal Support: While BNY Pershing offers excellent services for financial advisors, individual investors may find that the level of customer support is not as personalized as they would like. Many interactions are managed through advisors, and direct customer service may not be as accessible for those who need hands-on assistance.

BNY Pershing’s Role During The 2025 Tax Season

During tax season, BNY Pershing plays a significant role by delivering important tax-related documents like 1099 forms. These forms provide a detailed breakdown of income earned through investments, including dividends, interest, and capital gains. Clients who have accounts through BNY Pershing typically receive these forms between January 31 and March 15, 2025, although the timing may vary depending on account activity and specific portfolio holdings.

For BNY Pershing clients, receiving accurate and timely tax forms is a critical part of the tax preparation process. These forms are necessary for filing taxes and ensuring that all income is reported correctly to the IRS.

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For those looking to manage their finances effectively, understanding the services and tools offered by financial institutions like BNY Pershing can help streamline investment management, especially during tax season. However, with no TurboTax discount available this year, clients may need to seek alternative methods of reducing their tax preparation costs.

Updated on Monday, February 17, 2025: For anyone using TurboTax during the 2025 tax season, there are several offers and discounts currently available that could save you some money on their tax preparation software. Below is a breakdown of of favorite deals here in February:

1. 20% Discount on TurboTax Online Versions

TurboTax is offering an additional 20% off instant discount all Online versions, which include Basic, Deluxe, Premier, and Self-Employed. This discount is applicable to federal tax products only and excludes state filings. The 20% savings can be combined with early-season discounts, which offer up to 40% off in total on select Full-Service and Assisted “Live” versions of TurboTax. However, keep in mind that this promotion cannot be combined with other TurboTax offers. The deal will be valid until February 28, 2025.

2. Free Filing for First-Time Users

If you’ve never used TurboTax before, or if you skipped it last year, there’s an offer that allows you to file any tax form for free via the TurboTax mobile app. However, this offer is only available if you file by February 28, 2025. It’s important to note that TurboTax Live services are excluded from this promotion.

3. TurboTax Will Beat Your CPA’s Price From Last Year

TurboTax Full Service is offering to beat your 2024 tax prep fees by at least 10% if you enroll and file on time. To be eligible, sign up by March 18, 2025, and file your tax return by March 25, 2025. Your price will be determined by comparing a 10% discount from last year’s fees and TurboTax’s standard pricing—whichever saves you more. Proof of last year’s fees may be required. This promotion covers personal tax filings only and cannot be used with other discounts.

4. Discounts via Financial Institution Partnerships

TurboTax has teamed up with various financial institutions and credit unions in the U.S. to offer exclusive discounts for their customers. To access these deals, you will need to check your bank’s online portal under sections like “deals” or “partnerships.” The terms and availability of these offers vary, so it’s a good idea to explore what your financial institution might be offering for tax season. Some notable partners include Bank of America, Fidelity Investments, AAA, US Bank, Chase and CitiBank. Other previous partners, such as TD Bank, Wells Fargo, Truist Bank, and Capital One, no longer offer their clients a discount on TurboTax software.

5. TurboTax Free Edition for Simple Tax Returns

For those who have basic tax filing needs, TurboTax offers a Free Edition, allowing you to file both your federal and state tax returns at no cost. This edition is designed for simple tax situations like Form 1040 filings and supports limited credits, such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, it’s important to note that only around 37% of taxpayers are eligible for this option, as it does not cover more complex situations such as business income, itemized deductions, or investments.

6. TurboTax Freedom Edition for Military Members

Active-duty military members ranked E1 through E9 are eligible to file their taxes for free using TurboTax’s Freedom Edition during the 2025 tax season. This includes both federal and state filings. However, higher-ranking military members are not eligible for the free version, though they can still take advantage of significant discounts. To qualify, service members must provide a military W-2 form from the 2024 fiscal year.

7. H&R Block’s Competing Discount

If you’re considering a different tax preparation service, H&R Block is offering a 20% discount on all of its software versions, including Basic, Deluxe + State, Premium, and Premium & Business. This offer runs until February 28, 2025. A notable feature of H&R Block’s software is its ability to import last year’s tax data from TurboTax, making it a potentially smooth transition for those switching providers.

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No TurboTax Discount for TD Bank Customers in 2025

In past years, TD Bank customers could take advantage of discounts on TurboTax products. However, for the 2025 tax season, TD Bank is no longer offering any discount on TurboTax products. A link to last year’s offer is still live, but it no longer applies any discounts.

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A Closer Look at TD Bank: History, Benefits, and Services

TD Bank, one of the largest banks in both Canada and the United States, has built a reputation as a reliable financial institution over the years. Founded in 1855 through the merger of The Bank of Toronto and The Dominion Bank, TD Bank has grown significantly. Today, it offers a broad range of banking products and services, including personal banking, small business solutions, wealth management, and commercial banking.

History and Background

TD Bank’s history traces back to its Canadian roots. It was initially formed to serve the growing needs of the Canadian economy, with its headquarters based in Toronto. Over the years, the bank expanded into the U.S. market and has steadily grown its footprint. The bank’s American operations are headquartered in Cherry Hill, New Jersey, and it has become one of the largest banks in the country, with a strong presence along the East Coast.

TD Bank’s commitment to providing accessible and efficient banking services has helped it remain a key player in the North American financial sector. Its customer-centric approach, with a focus on convenience and service, has garnered a loyal customer base.

Sign-Up Process and How to Become a TD Bank Customer

Becoming a TD Bank customer is straightforward. To open an account, you can visit one of the many TD Bank branch locations or sign up online. The sign-up process generally requires providing personal identification information, such as your name, address, date of birth, and a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If you’re opening an account online, you’ll also need to provide a valid email address and some basic financial information.

After completing the registration process, you’ll gain access to TD Bank’s full range of services, including checking and savings accounts, credit cards, loans, and investment products. TD Bank’s online platform allows for easy account management, and their app offers the convenience of banking on the go.

Benefits and Services Offered by TD Bank

TD Bank offers a variety of products and services that cater to different financial needs. Some of the notable benefits include:

• Convenient banking hours: TD Bank branches are open seven days a week, which sets it apart from many other banks that close on Sundays. This can be a major benefit for individuals with busy schedules who may need to visit the bank on weekends.
• Variety of account options: Whether you’re looking for a simple checking account, a savings account, or a business account, TD Bank has a wide selection to choose from. The bank also offers specialty accounts like the TD Simple Savings and TD Signature Savings accounts, which offer competitive interest rates.
• Credit cards and loans: TD Bank offers a range of credit cards, personal loans, home equity lines of credit, and mortgage products. This makes it a one-stop shop for many financial needs. Their credit cards come with rewards and various benefits, depending on the card you choose.
• Mobile banking and online tools: With a strong digital presence, TD Bank offers excellent mobile banking capabilities, making it easy to transfer funds, pay bills, and check your balance. Their online platform also provides a seamless experience for managing accounts, accessing customer service, and tracking spending.
• Customer service and support: TD Bank has a strong reputation for customer service. Their support team is accessible through phone, email, and live chat, and their website provides helpful resources for common banking issues.

TD Bank’s Drawbacks

While TD Bank has a lot to offer, there are a few drawbacks to consider:

• Higher fees on some accounts: TD Bank’s fees can be higher compared to some other banks, especially when it comes to things like overdraft fees and monthly maintenance fees. Some accounts may also have requirements like maintaining a minimum balance to avoid fees.
• Interest rates on savings accounts: TD Bank’s interest rates for savings accounts, while competitive, may not be the highest available compared to online-only banks. For those seeking the best rates, other banks or credit unions may offer better returns.
• Limited physical locations in some regions: While TD Bank has a strong presence on the East Coast, its reach is not as extensive in other parts of the U.S. This could be a limitation for customers who prefer in-person banking outside the East Coast.

How TD Bank Helps During Tax Season

During tax season, TD Bank offers several resources to help its customers. The bank provides tax-related information through its website, where customers can find important deadlines, access to tax forms, and information on tax deductions and credits. Additionally, TD Bank customers can explore offers related to tax preparation software, such as TurboTax, though this year, TD Bank is no longer offering discounts on TurboTax.

TD Bank also offers financial products designed to help with saving for taxes. The bank’s savings accounts, like the TD Signature Savings account, can be useful for setting aside funds for tax liabilities. Some customers also use TD Bank’s Certificates of Deposit (CDs) to save for specific financial goals, including tax obligations.

Tax Refund Tips for TD Bank Customers

If you’re expecting a tax refund, TD Bank encourages customers to consider saving a portion for the future. Many people tend to spend their refunds quickly, but financial experts recommend saving a larger portion to ensure financial security. TD Bank offers several savings products that can help customers build an emergency fund or prepare for retirement. Accounts like the TD Simple Savings account and TD Signature Savings account provide a secure place to save and earn interest.

Additionally, TD Bank customers can use their tax refund to contribute to an IRA (Individual Retirement Account), which is a great way to start building for retirement. The bank provides several retirement savings options, allowing individuals to start saving for their future with just a small initial deposit.

Updated on Monday, February 17, 2025: Tax season is here, and for those using TurboTax, there are several promotions to take advantage this month to help you save. From limited-time discounts to free filing options, see below for a breakdown of the current TurboTax 2025 offers, including exclusive offers available for select banking, credit union and financial institution customers.

1. Extra 20% Off TurboTax Online Versions

TurboTax is offering an additional instant 20% discount on all Online versions of its tax software. This applies to Basic, Deluxe, Premier, and Self-Employed editions but is limited to federal tax filings. State filings are not included in the discount and it cannot be combined with other TurboTax promotional offers. This deal is available until February 28, 2025.

2. Didn’t Use Turbotax Last Year? Free Filing Offered for New & Returning Users

If you have never used TurboTax before, or if you skipped using it last year, you can file your taxes for free this year. This offer applies to all tax forms when filing through the TurboTax mobile app (available on the Apple App Store and Google Play). However, it excludes TurboTax Live versions and is only valid if you file by February 28, 2025.

3. TurboTax Promises To Charge Less Than Your CPA From Last Year.

TurboTax Full Service will match and beat your 2023 tax prep fees by at least 10%. To qualify, enroll by March 28, 2025, and file your 2024 tax return by March 25, 2025. Your final price will be set based on either a 10% discount from your previous fees or TurboTax’s standard rate—whichever is lower. You may be required to submit proof of your 2023 tax preparation costs. This offer applies only to personal tax filings and cannot be combined with other TurboTax promotions. Learn more.

4. Discounts Through Financial Institution Partnerships

TurboTax collaborates with various banks and credit unions to provide exclusive discounts to their customers. These offers vary depending on the financial institution, so checking your bank or credit union’s online portal—under sections like “deals” or “partnerships”—can help you find out if you qualify. Availability, terms, and savings differ based on the institution. Some of the most popular partners include Bank of America, Fidelity Investments, AAA, Vystar Credit Union and PNC Bank (a few former large partners such as Wells Fargo, Truist Bank and Vanguard are not offering discounts on TurboTax this year).

5. Free Edition for Simple Tax Returns

TurboTax continues to offer a Free Edition for those with simple tax returns. This option allows eligible users to file both federal and state taxes at no cost. It covers basic Form 1040 filings and supports certain tax 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 version. It does not support more complex filings, such as those involving itemized deductions, business income, or investments.

6. Free Filing for Eligible Military Members

Active-duty military members ranked E1 through E9 can use the TurboTax Freedom Edition to file taxes for free during the 2025 tax season. Those ranked E10 or higher are not eligible for the free version but may still receive a discount. To qualify, a military W-2 form from fiscal year 2024 must be provided. This program is intended to help service members file their taxes affordably and efficiently.

7. H&R Block’s Competing Offer

For taxpayers considering other tax software, H&R Block is offering a competing promotion. Until February 28, 2025, all versions of H&R Block software—Basic, Deluxe + State, Premium, and Premium & Business—are available at a 20% discount.

A notable feature of H&R Block’s software is its ability to import last year’s TurboTax data in just seconds using .tax or PDF files. This makes it easier for those looking to switch providers while retaining their past tax records.

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No TurboTax Discount for Truist Bank Customers in 2025

In previous years, Truist Bank customers had access to TurboTax discounts through the bank’s partnership with Intuit. However, for the 2025 tax season, Truist is no longer offering a TurboTax discount.

Although last year’s link to the TurboTax offer is still live, it no longer applies any discount at checkout. Customers looking for tax preparation savings will need to explore other financial institutions or third-party promotions.

Truist Bank: Background, Services, and Tax-Related Information

Truist Bank was formed in 2019 through the merger of BB&T and SunTrust Banks. With headquarters in Charlotte, North Carolina, it is one of the largest banks in the United States. As of December 31, 2024, Truist had total assets exceeding $531 billion. It provides a range of services, including personal and business banking, wealth management, investment services, and mortgage lending.

How to Sign Up for Truist Services

Customers can open an account with Truist by visiting a branch, signing up online, or using the Truist mobile app. The bank offers various account types, including checking and savings accounts, credit cards, personal loans, and investment options.

Benefits of Banking with Truist

• Wide Range of Financial Services – Truist provides personal banking, business banking, mortgages, loans, and investment management services.
• Large Branch and ATM Network – With locations across multiple states, customers have easy access to in-person banking services.
• Robust Digital Banking Platform – Truist’s online and mobile banking services offer convenience, including mobile check deposits, bill payments, and account management.
• Integration with Financial Tools – Customers can connect their accounts with budgeting and tax software for easier financial management.

Potential Drawbacks

• Fee Structures – Some accounts and services carry monthly maintenance fees or transaction charges.
• Merger-Related Adjustments – Customers from the legacy BB&T or SunTrust systems may experience occasional transitions as Truist continues its integration efforts.

Truist Bank and Tax Season

While Truist is no longer offering a TurboTax discount here in 2025, customers can still use the bank’s services for tax preparation. Many account holders may benefit from Truist’s financial management tools, which can help track income, expenses, and deductions.

Checking account holders can review their annual transaction history to identify deductible expenses, while those with Truist investment accounts can access year-end tax documents directly through their online banking portal. Additionally, Truist credit card users can monitor spending categories that might impact their tax situation, such as business-related expenses.

Our Final Thoughts

TurboTax continues to offer a variety of discounts, including free filing options for some users and exclusive promotions for military personnel. While Truist Bank customers no longer receive a TurboTax discount, they still have access to the bank’s financial tools, which can assist with tax planning. Exploring available discounts through other financial institutions or tax software providers may provide additional savings this tax season.