Updated on Sunday, December 22, 2024: Tax season is officially here once again and we’re tracking all of the best TurboTax discounts and coupons. Here’s a rundown of what’s currently available from now through the end of January 2025:
1. Extra 10% Off TurboTax Online Versions Get an additional 10% off on TurboTax Online versions when purchased directly from Intuit’s website. This offer applies exclusively to TurboTax federal products (state products not included) and can be combined with early-season discounts. The offer is valid until January 31, 2025.
2. TurboTax Free Edition for Simple Returns For those with basic tax situations, TurboTax’s Free Edition allows users to file both federal and state taxes at no cost. It supports simple returns, such as Form 1040 filings, and a few select credits, including:
- Earned Income Tax Credit (EITC)
- Child Tax Credit
- Student Loan Interest Deduction
However, only around 37% of taxpayers qualify for the Free Edition, as it doesn’t support more complex tax scenarios like business ownership, itemized deductions, or investments.
3. 50% Off QuickBooks Solopreneur Bundle For those managing their own business, the QuickBooks Solopreneur Bundle is offered at 50% off for the first three months, reducing the price from $20/month to $10/month. This bundle simplifies financial tracking and tax preparation for self-employed individuals.
4. Free TurboTax for Active-Duty Military (E1-E9) Active-duty military personnel ranked E1 through E9 qualify for free TurboTax Freedom software during the 2025 tax season. Higher-ranked military members can still receive a discount on TurboTax. A military W-2 form from 2024 is required to verify eligibility.
5. Exclusive Partner Discounts TurboTax collaborates with financial institutions, credit unions, and other organizations to offer exclusive discounts. Members can find these deals through their bank or credit union’s online portal under “deals” or “partnerships.”
The TurboTax and GTE Financial Partnership
For the 2025 tax season, GTE Financial members can enjoy a 20% discount on TurboTax products. This offer provides members with access to premium TurboTax features at a reduced cost. The discount is applied automatically when TurboTax is accessed through GTE Financial’s website or online banking portal.
TurboTax offers tailored solutions for various tax complexities, including:
- TurboTax Deluxe: Ideal for maximizing deductions and credits, such as those related to homeownership.
- TurboTax Premier: Designed for taxpayers with investments, rental properties, or other non-standard income sources.
- TurboTax Self-Employed: Geared towards freelancers, gig workers, and small business owners.
This partnership reflects GTE Financial’s commitment to supporting its members during tax season by making reliable tax software more accessible.
About GTE Financial Credit Union
History and Background
GTE Financial began in 1935 as the Peninsular Telephone Employees Credit Union, established in Tampa, Florida. Initially created to serve telephone company employees, the organization expanded its reach over the years, eventually rebranding as GTE Financial to reflect its broader membership base.
Today, GTE Financial is one of Florida’s largest credit unions, serving over 260,000 members. As a not-for-profit financial cooperative, it prioritizes providing affordable financial products and services while returning profits to members in the form of reduced fees, competitive rates, and enhanced member benefits.
The credit union is deeply rooted in the Tampa Bay community and actively supports local initiatives, financial literacy programs, and community development.
Locations and Membership
Headquartered in Tampa, Florida, GTE Financial operates branches across the state, with a primary focus on the Tampa Bay area. Membership is open to individuals who live, work, worship, or attend school in eligible Florida counties. Those outside the eligibility area can join by making a small donation to a partner organization, such as CU Savers.
This inclusive membership structure allows GTE Financial to serve a diverse population, offering financial solutions for individuals, families, and businesses.
GTE Financial’s Financial Products and Services
Checking and Savings Accounts
GTE Financial offers a variety of low-fee checking and savings accounts designed to meet different financial needs. Features include online banking, mobile check deposit, and competitive interest rates.
Loans
Members have access to a range of loan options, including:
- Personal Loans
- Auto Loans
- Mortgages
- Home Equity Lines of Credit (HELOCs)
These loans often come with competitive rates, flexible terms, and member-focused support.
Credit Cards
GTE Financial provides credit cards with low interest rates, rewards programs, and no annual fees, helping members manage spending and build credit.
Business Services
Small business owners can take advantage of specialized business checking accounts, loans, and merchant services designed to help them succeed.
Retirement and Investment Accounts
To help members plan for the future, GTE Financial offers Individual Retirement Accounts (IRAs) and other investment products. IRAs provide tax advantages, such as reduced taxable income for Traditional IRAs or tax-free withdrawals for Roth IRAs.
Tax Season Benefits for GTE Financial Members
While GTE Financial doesn’t provide tax preparation services directly, it offers resources and financial products that support members during tax season:
TurboTax Discount
GTE Financial members can save 20% on TurboTax products, making the software’s premium features more affordable and accessible.
Direct Deposit for Tax Refunds
Members can set up direct deposit to receive their tax refunds faster and more securely.
Tax-Advantaged Accounts
GTE Financial offers accounts that provide tax benefits:
- Individual Retirement Accounts (IRAs): Contributions to Traditional IRAs may lower taxable income, while Roth IRAs offer tax-free withdrawals in retirement.
- Health Savings Accounts (HSAs): HSAs allow for tax-free withdrawals for qualified medical expenses, providing another way to save during tax season.
Financial Education
GTE Financial supports members with workshops, webinars, and other resources to help them understand tax laws, plan for the future, and manage their finances effectively.
Advantages of Banking with GTE Financial
As a member-focused institution, GTE Financial offers several benefits that make it an attractive option:
- Lower Fees: Credit unions like GTE Financial typically charge lower fees than traditional banks.
- Competitive Rates: Members benefit from favorable rates on loans and higher yields on savings accounts.
- Personalized Service: GTE Financial’s community-oriented approach ensures members receive tailored support.
- Digital Access: Online and mobile banking tools make managing finances convenient and accessible.
- Community Focus: GTE Financial actively supports local initiatives and emphasizes member education.
Drawbacks of GTE Financial
While GTE Financial offers many advantages, it’s important to consider some limitations:
- Membership Requirements: Eligibility is primarily location-based, though national membership is available through partner organizations.
- Limited Branch Network: Members outside Florida may find branch access limited.
- Technology Gaps: While GTE Financial’s digital services are robust, they may not offer all the advanced features found at larger financial institutions.
TurboTax: A Trusted Tax Solution
TurboTax remains one of the most reliable tax software platforms available, simplifying the tax filing process for millions of users. The partnership with GTE Financial underscores the software’s commitment to accessibility and ease of use.
Key Features of TurboTax
- User-Friendly Interface: Step-by-step guidance makes filing taxes straightforward, even for first-time users.
- Comprehensive Support: TurboTax offers live assistance from tax professionals and guarantees accuracy.
- Tailored Solutions: The software adapts to various tax situations, from basic returns to complex filings for self-employed individuals.
- Mobile Access: TurboTax allows users to file taxes from their smartphone or tablet.
With the 20% discount for GTE Financial members, TurboTax becomes an even more valuable tool for managing taxes efficiently.
Whether you’re a GTE Financial member or not, these tips can help streamline your tax season:
- Organize Documents Early: Gather all necessary forms, such as W-2s, 1099s, and receipts for deductible expenses, to avoid last-minute stress.
- Claim Deductions and Credits: Maximize your return by claiming eligible deductions and credits, such as the Child Tax Credit or education-related credits.
- Contribute to Tax-Advantaged Accounts: Consider funding an IRA or HSA before the tax deadline to reduce taxable income.
- Review Tax Law Changes: Stay informed about new regulations that may impact your filing.
- Use TurboTax’s Discount: GTE Financial members should take advantage of the 20% discount on TurboTax to file accurately and affordably.