Updated on Sunday, December 22, 2024: The 2025 tax season is kicking off with some pretty good deals from TurboTax. So whether you’re filing a simple return or need to navigate more complex financial situations, these offers are worth considering. Here’s a breakdown of our favorite TurboTax discounts for 2025:
1. 10% Off TurboTax Online Versions
TurboTax is offering a 10% 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 January 31, 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
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.
3. 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.
4. 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.
5. 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.
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.