Tax season is right around the corner, and for many, it’s a time to start thinking about filing taxes and preparing for the year ahead. If you’re already familiar with TurboTax, you know it’s one of the most popular online tax preparation tools out there. With tax season officially upon us, now is the perfect time to look for the best deals and discounts that can help you save money while filing your taxes. For Wealthfront customers, there are also specific discounts and benefits that can make the process even easier.
In this article, I’ll go over some of the best TurboTax discounts available in January 2025, and I’ll also dive into how Wealthfront users can take advantage of these deals to make tax preparation a little less overwhelming. Let’s get into the details.
1. Extra 10% Off TurboTax Online Federal Products (Up to 50% Off!)
One of the standout TurboTax deals for January 2025 is the extra 10% off federal online products, which is stacked on top of their already discounted prices from their early-season sale. This means you can save up to 50% off your TurboTax plan, depending on the tier you select.
TurboTax offers a variety of products tailored to different tax filing needs. This discount is available across all service tiers, so you can choose the one that best suits your situation:
- Do-It-Yourself Versions: If you’re comfortable handling your tax filing on your own, TurboTax’s DIY software provides an intuitive, step-by-step guide to help you file your taxes accurately. This is ideal for individuals who are familiar with tax forms and don’t need much help.
- Live Assisted Versions: If you want a little more help but don’t want to hand everything over to a professional, the Live Assisted versions are great. These versions give you access to tax experts who can answer your questions and provide advice as you work through your return.
- Full Service Versions: For those who prefer to let the experts handle everything, TurboTax’s Full Service option provides a complete, hands-off solution. You can upload your documents, and TurboTax will assign a tax expert to handle the entire filing process for you.
This 10% discount is valid through January 31, 2025, so there’s plenty of time to take advantage of the deal. Whether you’re filing a simple return or need more help, this discount can make tax preparation more affordable.
2. 50% Off QuickBooks Solopreneur with Live Assisted Tax
If you’re a freelancer or a small business owner, TurboTax’s partnership with QuickBooks is one of the best deals you’ll find for tax season. QuickBooks is offering 50% off the first three months of their Solopreneur plan, which brings the monthly fee down to just $10 (regularly $20 per month).
The QuickBooks Solopreneur plan comes with Live Assisted Tax, which is especially useful for self-employed individuals. Here’s what you get with this plan:
- Unlimited Access to Tax Experts: You’ll be able to get help from experts who can assist with maximizing deductions and ensuring your taxes are accurate.
- Integration with QuickBooks: The Live Assisted Tax service integrates directly with QuickBooks, allowing tax experts to access your financial data. This makes it easier to file your taxes and ensure everything is in order.
- Personalized Advice: QuickBooks experts can offer specific advice to help you uncover tax credits and deductions tailored to your business or freelance work.
- Accuracy Guarantee: TurboTax provides a 100% Accurate, Expert Approved Guarantee, so you can be confident your tax return will be error-free.
- Audit Support: If you ever get audited, TurboTax offers on-demand audit support with one-on-one guidance, so you’re not left in the dark during the process.
This deal is only available to new QuickBooks customers, so if you’re considering switching or starting a new account, this is a great opportunity to save money while getting the support you need during tax season.
3. TurboTax Free Edition
If you have a relatively simple tax situation, TurboTax Free Edition might be all you need. The Free Edition lets you file both your federal and state taxes for free. Here’s what qualifies as a simple return:
- Filing a basic Form 1040.
- Limited credits, such as the Earned Income Tax Credit, Child Tax Credit, and Student Loan Interest Deduction.
- No additional schedules or complex tax situations.
However, keep in mind that only about 37% of taxpayers qualify for the Free Edition. If your tax situation is more complicated—perhaps you own a business, have significant investment income, or have other complexities—you’ll likely need to upgrade to one of TurboTax’s paid plans.
Still, if you qualify for the Free Edition, this is an excellent way to save money while filing your taxes. TurboTax’s Free Edition makes it easy for individuals with straightforward tax situations to complete their returns quickly and at no cost.
4. Does Wealthfront Offer a Discount for TurboTax?
If you’re a Wealthfront customer, you might be wondering if there’s a special discount for TurboTax available through your account. Currently, Wealthfront doesn’t offer an official TurboTax discount directly through their platform. However, during tax season, they may send out special discount codes to their clients via email or make them available through their online account portal. It’s always a good idea to keep an eye on your Wealthfront account for any potential updates.
Even though Wealthfront doesn’t offer a direct TurboTax discount right now, it’s worth noting that Wealthfront clients can still benefit from exclusive TurboTax discounts through other means. For instance, you can access a 10% discount on all TurboTax Online products, including those with live assistance, during the tax season when available through the Wealthfront customer portal.
If you’re a Wealthfront user, this 10% off deal can help you save on TurboTax’s comprehensive tax filing software. Simply check your Wealthfront account in early 2025 to see if a special discount code is available for your TurboTax purchase.
5. How to Import Your Wealthfront Tax Information into TurboTax
As a Wealthfront customer, you can easily import your tax data into TurboTax, which can save you time and reduce the risk of making mistakes when entering your financial information. Wealthfront clients can import tax documents like Form 1099-B and Form 1099-DIV into TurboTax Deluxe or Premium.
To import your Wealthfront tax information into TurboTax, follow these simple steps:
- When using TurboTax, either wait for the program to prompt you to import your brokerage statements, or you can manually search for “import” in the search box at the top right.
- Select the “Jump to Import” option and search for Wealthfront.
- When prompted, enter your Wealthfront login and an app-specific password.
- Click Import Now, and your tax data from Wealthfront will be automatically transferred into TurboTax.
It’s a quick and efficient process, and it makes filing your taxes much easier if you have investments through Wealthfront. Just be sure that your tax documents are available in your Wealthfront account before attempting to import them.
6. Additional Ways Wealthfront Clients Can Save on TurboTax
In addition to the 10% discount mentioned earlier, Wealthfront clients may also qualify for other TurboTax promotions, especially during tax season. For example, if you’re an American Express, Chase, Vanguard, eTrade, or Fidelity customer, you might find a special TurboTax discount through your account. Always check your account for potential offers.
Additionally, Wealthfront clients who use TurboTax Premium can save up to 20% off their federal product purchases. This is a significant discount, especially for those who need the extra features and assistance that come with TurboTax Premium.
7. Preparing for Tax Season
Tax season can be stressful, but with the right tools and discounts, it doesn’t have to be. Here are some things to keep in mind as you get ready to file your taxes:
- Mark your calendar: Tax returns are due on April 15, 2025. If you’re filing for an extension, you have until October 15, 2025.
- Gather your documents: Make sure you have all the necessary forms, such as W-2s, 1099s, and 1098s, before you start. Wealthfront clients can download their tax documents from their dashboard starting in late January.
- Review your year: If you had any significant life events in 2024, such as getting married, having a child, or purchasing a home, these may affect your taxes and potential deductions.
- Consider using TurboTax: Whether you use the Free Edition or a premium version, TurboTax can make filing your taxes much easier. The 10% discount for Wealthfront clients makes this a great time to consider TurboTax for your filing needs.
Conclusion
With tax season just around the corner, it’s important to take advantage of the best deals and discounts available to make your filing process easier and more affordable. Whether you’re using TurboTax’s Do-It-Yourself version or need Live Assistance from tax experts, there are discounts available in January 2025 that can help you save.
For Wealthfront clients, there are specific discounts to look out for, and with the ability to import tax documents directly from Wealthfront into TurboTax, the filing process is made even easier.
Take advantage of these offers, and get a head start on your tax season preparation today.