Updated on Monday, February 17, 2025: It’s that time again… it’s officially tax season! And as always, TurboTax has rolled out a variety of offers and discounts for the 2025 tax season, targeting a range of customers, from new users to those in specific professions like the military. Below are all the current deals available this month:
1. 20% Off TurboTax Online Versions
TurboTax in now offering an additional 20% off instant discount on its federal products when purchased directly through Intuit’s website. This discount stacks with the early-season savings of up to 40% on select “Live Assist” versions of the software. Note, however, that the discount applies only to federal products and excludes state filings. Additionally, this offer cannot be combined with any other TurboTax promotions and expires on February 28, 2025.
2. Switch to TurboTax & You Can File For Free!
If you didn’t use TurboTax last year, you will qualify to file all tax forms for free using their mobile app for iOS and Android. No matter how simple or complex your return, this offer includes every tax form. The catch? You must file by February 28, 2025, and you must not have used TurboTax in 2024. Don’t miss this opportunity to file stress-free—and for free! Just keep in mind, TurboTax Live versions are ineligible for this freebee offer.
3. TurboTax Will Beat Last Year’s CPA or Tax Preparer Fee
TurboTax Full Service will beat your 2023 tax prep fees by at least 10% if you switch from a CPA or licensed tax professional. Enroll by March 18, 2025, and file your 2024 taxes by March 25, 2025, to claim this offer. Your price will be set based on either 10% off last year’s fees or TurboTax’s standard rate—whichever is cheaper. You may be asked to provide proof of what you paid last year. This offer covers personal tax returns only and cannot be combined with other promotions.
4. 50% Off QuickBooks Solopreneur Bundle
For individuals managing a business or side hustle, QuickBooks offers its Solopreneur Bundle at 50% off for the first three months. This reduces the cost from $20/month to $10/month and can be an excellent complement for those using TurboTax to handle business-related taxes.
5. Free TurboTax for Active Military Members
Active-duty military personnel ranked E1 through E9 can take advantage of free TurboTax Freedom Edition for the 2025 tax season. For ranks above E9, a discount is still available, but the software isn’t entirely free. To apply, users must provide a military W-2 tax form from fiscal year 2024. This is a meaningful way TurboTax supports those serving the country.
6. Bank and Credit Union Partnerships
TurboTax collaborates with several financial institutions and credit unions to offer exclusive discounts to members. That incudes major ones such as AAA, Bank of America, Bethpage, BECU, Fidelity, and Technicolor. To access these, users should check their bank or credit union’s online portals under “Deals” or “Partnerships” for specific promotions.
7. Free Edition for Simple Returns
TurboTax’s Free Edition is an excellent option for taxpayers with basic returns. This edition supports simple federal and state filings, such as Form 1040, and a limited set of credits, including the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only about 37% of taxpayers qualify for this option because it doesn’t support complex tax scenarios like business income, itemized deductions, or investments. For those who meet the eligibility requirements, it provides a completely free filing experience.
8. H&R Block Competitor Discount
If you’re considering switching to TurboTax’s competitor, H&R Block, they are offering a 20% off instant coupon on all their software versions through February 28, 2025. This promotion applies to products like Basic, Deluxe + State, Premium, and Premium & Business. H&R Block makes it easy to transition by allowing users to import previous TurboTax filings (in .tax or PDF format) within seconds.
Global Credit Union and TurboTax Partnership
As in previous years, TurboTax is partnering with Global Credit Union to provide its members with an exclusive 20% discount on TurboTax federal products. Members can access this discount by logging into their Global Credit Union account and following the partner link in your account. The discount applies only to federal filings and cannot be combined with other TurboTax offers. Note that prices are determined at the time of filing, and terms, conditions, and availability are subject to change.
About Global Credit Union
History and Background
Global Credit Union was founded in 1954 to serve military personnel and their families. Over the years, it has expanded its membership base to include civilians, offering a wide range of financial services. With branches in multiple states and a robust online platform, it provides accessible banking solutions tailored to the diverse needs of its members. Its commitment to member-first service has made it a trusted financial partner for decades.
Membership and How to Join
Membership in Global Credit Union is open to individuals who meet certain eligibility criteria, such as living, working, or attending school in areas where the credit union operates. Additionally, military members and their families are eligible. Signing up is straightforward and can be done online or at a local branch. Members gain access to various financial products, including savings accounts, loans, and credit cards.
Benefits of Membership
One of the standout benefits of Global Credit Union membership is access to exclusive discounts, like the TurboTax promotion. Other advantages include:
- Lower Fees: Compared to traditional banks, credit unions often have fewer and lower fees.
- Competitive Loan Rates: Members can access lower interest rates on loans and mortgages.
- Financial Education: Global Credit Union provides resources and tools to help members make informed financial decisions.
- Community Focus: As a member-owned institution, profits are reinvested into better services for members and local community initiatives.
Cons of Membership
While Global Credit Union offers many benefits, there are some drawbacks to consider:
- Limited Physical Locations: Depending on where you live, you may not have easy access to a branch.
- Eligibility Requirements: Not everyone qualifies for membership, as it’s restricted to specific groups and regions.
Financial Tips for Tax Season
As tax season approaches, it’s a good time to evaluate your financial situation and explore ways to optimize your tax filing. Here are some strategies to consider:
1. Maximize Retirement Contributions
Contributing to a traditional or Roth IRA can reduce your taxable income. Note that income limits apply for Roth IRA contributions, so consult a tax professional to determine eligibility.
2. Consider Charitable Donations
Donating to qualified charities can provide a tax deduction if you itemize your deductions. Ensure you have proper documentation, such as receipts or bank records, to support your claim.
3. Leverage a Home Office Deduction
If you’re self-employed and use part of your home exclusively for business, you may qualify for a home office deduction. This can include expenses like utilities, rent, or mortgage interest.
4. Open a Health Savings Account (HSA)
HSAs offer a tax-advantaged way to save for medical expenses. Contributions are tax-deductible, and withdrawals for qualified expenses are tax-free.
5. Review Asset Allocation
Reassessing your investment portfolio can help manage risk and maximize tax efficiency. Placing tax-efficient assets in taxable accounts and less tax-efficient ones in pre-tax accounts can optimize returns.
6. Adjust Withholding if Necessary
Life changes like getting married, starting a new job, or having a child can impact your tax situation. Adjusting your withholding ensures you’re not overpaying or underpaying taxes throughout the year.
7. Remember Required Minimum Distributions (RMDs)
If you’re retired and over 72, you’re required to take RMDs from traditional retirement accounts. Failing to do so can result in significant penalties, so it’s crucial to plan accordingly.
How Global Credit Union Supports Members During Tax Season
Global Credit Union offers resources to help members navigate tax season effectively. In addition to the TurboTax discount, the credit union provides educational materials on tax preparation and financial planning. Members can also take advantage of low-interest loans or lines of credit to cover unexpected tax liabilities.