Updated on Sunday, December 29, 2024: Navigating tax season can feel daunting, but TurboTax continues to offer several discounts to help taxpayers save money. Whether you’re looking to file a simple return or need advanced tools for managing small business finances, there’s likely a deal that fits your needs. Below is a comprehensive list of the current (and our favorite!) TurboTax offers for the 2025 tax season.
1. Extra 10% Off TurboTax Online Versions
For those planning to file using TurboTax Online, you can receive an extra instant 10% off federal products by purchasing directly from Intuit. This deal stacks on top of the early-season discount of up to 40%, offering significant savings. Note that this discount applies only to federal products and cannot be combined with other offers. Be sure to act before the deal expires on January 31, 2025.
2. TurboTax Free Edition for Simple Returns
If you have a straightforward tax situation, TurboTax’s Free Edition allows you to file both federal and state taxes without charge. It supports basic forms like the 1040 and provides access to 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 this offer, as it excludes complex filings like itemized deductions, business income, or investment earnings. For those who qualify, this option can be a reliable and budget-friendly choice.
3. 50% Off QuickBooks Solopreneur Bundle
Self-employed individuals and small business owners can save 50% on the QuickBooks Solopreneur Bundle for the first three months. This discount reduces the monthly cost from $20 to $10, providing valuable tools for managing business finances and integrating them seamlessly with TurboTax for tax filing.
4. Discounts for Military Members
TurboTax continues to support members of the U.S. military by offering free access to the TurboTax Freedom Edition for active-duty personnel ranked E1 through E9. Service members with higher ranks can still access exclusive discounts. To qualify, you’ll need to provide a military W-2 tax form from the fiscal year 2024. This offer is particularly beneficial for those with unique tax circumstances related to military service.
5. Partner Discounts Through Banks and Credit Unions
TurboTax has partnered with various banks and credit unions nationwide to offer exclusive discounts. That incudes Bank of America, AAA, Chase Bank, AARP, Schwab, SECU and Capital One. Customers can check their financial institution’s online portal for available promotions under the “deals” or “partnerships” sections. These collaborations are designed to provide financial relief to loyal customers of participating institutions.
TurboTax and Golden 1 Credit Union Partnership
Golden 1 Credit Union has once again partnered with TurboTax to offer members a 20% discount on TurboTax 2025 federal products. This longstanding collaboration ensures that Golden 1 members have access to affordable tax preparation tools during the critical tax season.
To take advantage of this deal, Golden 1 members simply need to visit the credit union’s website and navigate to the TurboTax partnership link. From there, the discount is automatically applied when purchasing federal tax filing products. Keep in mind that this offer is exclusive to federal filings and cannot be combined with other TurboTax promotions.
Golden 1’s partnership with TurboTax is just one of the ways the credit union provides value to its members, reinforcing its mission of financial empowerment and accessibility.
Golden 1 Credit Union: Background and Benefits
Golden 1 Credit Union, headquartered in Sacramento, California, is one of the largest credit unions in the United States, with over 1.1 million members and assets exceeding $18 billion. Established in 1933, Golden 1 was initially founded to serve California state employees. Over time, it expanded its membership eligibility to include anyone living or working in California.
Core Services and Financial Offerings
Golden 1 offers a wide range of financial products, including:
- Savings and Checking Accounts: Competitive interest rates and minimal fees make these accounts a reliable choice for everyday banking.
- Loans and Credit Options: Members can access auto loans, home mortgages, personal loans, and credit cards with favorable terms.
- Investment and Retirement Planning: Golden 1 provides tools and advice to help members achieve long-term financial goals.
Golden 1 and Tax Season Resources
Golden 1 supports its members during tax season in several ways:
- Access to Tax Discounts: Through its partnership with TurboTax, Golden 1 offers a 20% discount on federal tax products.
- Fraud Protection Tips: The credit union educates members on safeguarding personal and financial information during the busy tax season.
- Financial Wellness Resources: Golden 1’s Financial Wellness Center provides educational tools to help members manage their money effectively, including tips on budgeting, saving, and preparing for taxes.
Benefits of Golden 1 Membership
Golden 1 stands out for its member-focused approach, offering a mix of financial benefits and community support.
Advantages
- Lower Fees: Credit unions like Golden 1 typically charge lower fees than traditional banks.
- Member-Owned: As a not-for-profit institution, Golden 1 reinvests earnings back into its services, resulting in better rates and benefits for members.
- Local Focus: Golden 1 is committed to supporting California communities through grants, scholarships, and other initiatives.
Drawbacks
- Geographic Limitations: Membership is restricted to those living or working in California.
- Digital Features: While the credit union offers online and mobile banking, its technology may not be as advanced as that of larger national banks.
Fraud Prevention During Tax Season
Golden 1 Credit Union is committed to protecting its members from fraud and scams, particularly during the heightened activity of tax season. Here are some key tips:
- Stay Vigilant Against Phishing Attempts: Golden 1 will never send unsolicited messages asking for personal information like passwords or verification codes.
- Use Strong Passwords: Create unique usernames and passwords for all financial accounts. Where possible, enable two-factor authentication for added security.
- Monitor Accounts Regularly: The Golden 1 Mobile Banking app allows members to set up alerts, monitor transactions, and quickly respond to any suspicious activity.
- Keep Software Updated: Ensure your devices are running the latest security updates to protect against malware and cyber threats.
For more resources, visit Golden 1’s Financial Wellness Center or contact their fraud prevention team directly at 1-877-GOLDEN 1.
Alternatives to TurboTax for Filing Taxes
While TurboTax remains a popular choice, there are several other free and low-cost tax preparation options:
1. IRS Free File
Taxpayers earning $73,000 or less can access free tax software through the IRS Free File program. This service supports federal and state filings, but those with higher incomes will need to use free fillable forms for federal returns.
2. Volunteer Income Tax Assistance (VITA)
The VITA program provides free tax preparation for individuals earning $60,000 or less, people with disabilities, and those with limited English proficiency. IRS-certified volunteers offer help at various community locations.
3. Tax Counseling for the Elderly (TCE)
Tailored for taxpayers aged 60 and older, the TCE program offers free tax preparation with a focus on retirement-related issues. Many TCE sites are run by the AARP Foundation’s Tax-Aide program.
4. MilTax for Military Personnel
The Department of Defense offers MilTax, a free tax preparation and filing software designed for military members and their families. This service includes specialized support for handling unique military tax situations.
Our Final Thoughts
TurboTax and Golden 1 Credit Union continue to provide valuable resources and discounts to ease the burden of tax season. Whether you’re a Golden 1 member taking advantage of the 20% TurboTax discount or exploring free options like IRS Free File or VITA, there’s a solution tailored to your financial situation.
As always, take time to review your tax forms carefully, utilize trusted software, and consider working with reputable organizations to ensure a smooth and secure filing process. With the right tools and preparation, tax season doesn’t have to be overwhelming.