Updated on Tuesday, April 1, 2025: With Tax Day right around the corner, TurboTax is offering several exclusive discounts to make filing just a little bit more affordable. Here’s a look at our favorite offers available through April:
1) Extra 10% Off TurboTax Online Versions
TurboTax is offering an additional instant 10% coupon on all Online versions of its software, including Basic, Deluxe, Premier, and Self-Employed. This discount is available for federal tax products only and excludes state filings. While the offer cannot be combined with other promotions, it can be stacked with current end-of-season pricing on all online versions. This offer expires on April 15, 2025, so if you plan to take advantage of it, be sure to file before the deadline.
2) Partnership Discounts with Financial Institutions
TurboTax has teamed up with various financial institutions and credit unions across the United States to provide their customers with exclusive discounts. These deals can be accessed through your bank’s online portal under sections like “deals” or “partnerships.” That incudes Bank of America, AAA, TD Bank, BNY Mellon and USAA. The terms and availability vary by institution, so it’s worth checking out your bank or credit union to see what’s on offer.
3) TurboTax Free Edition for Simple Returns
For those with simple tax situations, TurboTax’s Free Edition provides a great no-cost option for both federal and state returns. It’s specifically designed for straightforward tax filings, such as Form 1040, and supports some basic credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, this edition doesn’t cover more complex tax scenarios, such as business income, itemized deductions, or investments. Only about 37% of taxpayers are eligible for the Free Edition, so it’s essential to review your filing needs before choosing this option.
4) TurboTax Freedom Edition for Military Members
Active-duty military members ranked E1 through E9 can access the TurboTax Freedom Edition, which allows them to file their taxes for free. However, this offer is limited to lower-ranked service members, and higher-ranking personnel are not eligible for the free version but can still access discounts. To qualify for the Freedom Edition, military members must submit a military W-2 form from fiscal year 2024. This is a significant resource for active military members looking to file their taxes without incurring additional costs.
TurboTax’s Discontinuation of Visa Cardholder Discounts for 2025
For many years, TurboTax offered discounts to Visa cardholders, allowing them to file their taxes for less during the tax season. However, for the 2025 tax year, TurboTax has decided to discontinue this benefit (the link no longer applies the discount).
Those looking for discounts can now explore other avenues, such as the special promotions listed above or partnerships with financial institutions, including the 10% off Online versions and the free filing options for new users. These alternatives can help offset the loss of the Visa cardholder discount, and they are available to a broader range of customers.
Understanding Visa and Its Role in Financial Services
Visa is one of the largest financial services companies in the world, known for its credit and debit card products. Established in 1958, Visa has become a major player in the global payments industry, offering a range of financial products designed to help consumers manage their money.
Visa operates a network that allows for the processing of payments between financial institutions and merchants. Visa’s cards are accepted at millions of locations around the world, making them a popular choice for consumers who prefer digital payments over cash.
One of the primary benefits of using a Visa card is its wide acceptance. Whether you’re shopping in person, online, or paying bills, Visa is recognized as a trusted form of payment. This extensive reach gives cardholders the flexibility to use their cards for a variety of transactions, both domestically and internationally.
In addition to its payment network, Visa offers several other financial services, such as fraud protection, credit monitoring, and rewards programs for certain types of Visa cards. These services provide added value to customers, helping them stay secure and make the most of their spending.
For taxpayers, Visa cards can offer convenience when it comes to paying for tax software or filing fees. While Visa has discontinued its specific partnership with TurboTax this year, cardholders can still use their Visa cards to pay for any tax preparation service they choose. The ability to make these payments quickly and securely remains a benefit to Visa cardholders, even if no discounts are currently available for TurboTax.
Visa’s Influence on Tax Filing
Although Visa cardholders no longer receive specific discounts for TurboTax here in 2025, Visa still plays a role in tax filing for many consumers. The ability to use a Visa card for payment offers convenience and security when paying for tax software or filing fees. In many cases, cardholders can earn rewards or cashback for purchases made using their Visa card, further enhancing the value of using Visa for financial transactions.
Additionally, Visa’s wide reach allows it to partner with a range of financial institutions, offering consumers access to additional benefits and discounts through those partnerships. Although TurboTax is no longer offering a Visa-specific discount this year, Visa cardholders can still explore these other financial institution-based deals, which may offer similar savings.
In the end, whether you use TurboTax or another tax preparation service, the convenience and security of Visa’s payment network make it an ideal option for managing your tax-related expenses.