Updated on Sunday December 22, 2024: For the 2025 tax season, TurboTax has rolled out a series of discounts and benefits to make tax preparation more accessible. Here are the current offers:
- Extra 10% Off TurboTax Online
Users ordering TurboTax directly from Intuit can receive an extra 10% discount on federal tax products. This savings stacks on top of early-season discounts but cannot be combined with other TurboTax offers. Offer ends January 31, 2025. - TurboTax Free Edition for Simple Returns
Designed for taxpayers with basic tax situations, the Free Edition allows for free federal and state tax filing. It supports simple Form 1040 filings and limited credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. Only about 37% of taxpayers qualify for this edition, as it excludes complex scenarios such as itemized deductions, investments, and business income. - 50% Off QuickBooks Solopreneur Bundle
For self-employed individuals, the QuickBooks Solopreneur Bundle is available at half price for the first three months, reducing the cost to $10/month. - Free TurboTax for Military Personnel
Active-duty military members ranked E1 through E9 can access TurboTax Freedom Edition for free. Higher-ranking service members can still enjoy a discount with proof of a military W-2 tax form from 2024. - Credit Union and Bank Discounts
TurboTax often collaborates with financial institutions to offer exclusive discounts. Check your bank or credit union’s portal for specific promotions.
TurboTax Discounts for Space Coast Credit Union (SCCU) Members
Space Coast Credit Union (SCCU) continues its tradition of offering financial benefits to members during tax season. For 2025, SCCU members can enjoy a 20% discount on TurboTax products.
TurboTax’s platform provides tailored tax solutions for diverse needs:
- TurboTax Deluxe: Ideal for maximizing deductions and credits for homeowners and families.
- TurboTax Premier: Designed for taxpayers with investments, rental income, or stock sales.
- TurboTax Self-Employed: Best for freelancers, contractors, and small business owners.
Accessing the discount is simple: SCCU members can log into the online banking portal or mobile app and follow the link to TurboTax.
About Space Coast Credit Union (SCCU)
History and Background
Space Coast Credit Union, headquartered in Melbourne, Florida, was founded in 1951 as Patrick Air Force Base Credit Union to serve military personnel. Over the decades, it expanded to include residents of Florida’s east coast. Today, SCCU serves over 560,000 members, making it one of the state’s largest credit unions.
Operating under the principle of “People Helping People,” SCCU is a not-for-profit institution. Its earnings are reinvested into benefits for members, such as lower fees and competitive interest rates, rather than being distributed to shareholders.
Membership and Locations
SCCU primarily serves individuals who live or work in counties along Florida’s east coast, including Brevard, Palm Beach, and Miami-Dade. Membership is also open to family members of existing members and those who meet specific eligibility requirements.
With over 60 branches and a robust digital banking platform, SCCU combines local presence with online convenience, allowing members to access services anywhere.
SCCU’s Financial Offerings
SCCU offers a wide array of financial services to meet members’ needs:
- Checking and Savings Accounts: SCCU provides no-monthly-fee checking accounts and competitive savings options to help members manage everyday finances.
- Loans: From auto loans and mortgages to personal loans, SCCU offers favorable rates and flexible terms.
- Credit Cards: Members can choose from credit cards with cash-back rewards, low-interest rates, and no annual fees.
- Business Services: SCCU supports small businesses with tailored solutions, including business accounts and loans.
- Financial Planning: SCCU’s partnerships with financial advisors help members plan for retirement, investments, and other long-term goals.
SCCU’s Role in Tax Season
Although SCCU does not directly offer tax preparation services, it supports members during tax season in several ways:
Tax-Related Services
- TurboTax Discount: Members can save 20% on TurboTax products by accessing the platform through SCCU’s portal.
- Direct Deposit for Tax Refunds: SCCU makes tax refunds faster and more secure with direct deposit options.
- Tax-Advantaged Accounts: SCCU offers IRAs, which can reduce taxable income through contributions, and Roth IRAs, which allow for tax-free withdrawals in retirement.
- Financial Education: SCCU provides resources to help members understand tax implications and make informed financial decisions.
Benefits of Banking with SCCU
SCCU’s member-first approach offers several advantages:
- Lower Fees: As a not-for-profit institution, SCCU often provides lower fees compared to traditional banks.
- Competitive Rates: Members benefit from attractive interest rates on loans and savings accounts.
- Community Focus: SCCU reinvests in the local community and supports financial literacy initiatives.
- Member Ownership: Members have a stake in SCCU’s operations, ensuring their needs are prioritized.
Drawbacks of SCCU
While SCCU offers many benefits, it’s important to consider potential limitations:
- Membership Restrictions: Eligibility is limited to specific counties in Florida, which can be restrictive for individuals outside these areas.
- Branch Availability: While SCCU has a strong presence in its service area, members who relocate or travel frequently may find branch access limited.
- Digital Features: SCCU’s online tools may lack the sophistication of those offered by larger banks or fintech platforms.
TurboTax: Simplifying Tax Filing
TurboTax is a trusted tax preparation platform known for its user-friendly interface and robust features. Its partnership with SCCU gives members access to premium services at a reduced cost, making tax filing easier and more affordable.
Why TurboTax Stands Out
- Ease of Use: TurboTax guides users step-by-step, even if they’re new to taxes.
- Accuracy Checks: Built-in tools reduce errors and ensure compliance.
- Custom Solutions: TurboTax tailors its advice to individual needs, whether for investments, self-employment, or family tax credits.
- Professional Assistance: Users can consult tax experts for additional support.
Tips for Tax Season
Here are some strategies for SCCU members to navigate tax season effectively:
- Leverage the TurboTax Discount: Log into SCCU’s online banking platform to save 20% on TurboTax.
- Organize Your Documents Early: Gather all necessary forms, such as W-2s and 1099s, to streamline the process.
- Contribute to Tax-Advantaged Accounts: Maximize deductions by funding IRAs or HSAs before the tax deadline.
- Stay Updated on Tax Laws: Monitor changes in tax regulations to take full advantage of deductions and credits.
Final Thoughts
Space Coast Credit Union’s partnership with TurboTax is an example of how credit unions can enhance member value through strategic collaborations. By offering a 20% discount on TurboTax, SCCU helps members save money and simplifies the tax filing process.
As one of Florida’s leading credit unions, SCCU delivers a blend of personalized service, competitive financial products, and community focus. While membership requirements and regional limitations may not suit everyone, SCCU remains a strong financial ally for its members.
Whether you’re filing taxes, planning for retirement, or managing daily expenses, SCCU provides the tools and resources to support your financial journey.