Tax season is officially here, and whether you’re an early filer or someone who waits until the last minute, saving money on tax preparation is always a plus. TurboTax, one of the leading names in DIY tax software, offers several discounts available now through January 31st, 2025 to help ease the cost of filing. If you’re an Amazon Prime member, there are also specific considerations to keep in mind when looking for deals on TurboTax. Let’s take a look at the top TurboTax discounts available this month and explore how Amazon can fit into your tax preparation strategy.
Extra 10% Off TurboTax Online Federal Products – Up to 50% Savings
TurboTax is currently offering an extra 10% discount on all federal online products this month, stacked on top of their early-season sale. Combined, this can result in savings of up to 50% on TurboTax’s various tiers. This offer is valid until January 31, 2025, so it’s an excellent opportunity to secure a deal and get started on your tax return early.
Here’s a breakdown of the TurboTax service tiers eligible for the discount:
- Do-It-Yourself (DIY) Versions: Ideal for those who feel comfortable handling their tax return independently. TurboTax’s user-friendly interface guides you step-by-step.
- Live Assisted Versions: Best for individuals who want the option to connect with tax experts for questions or assistance as they file.
- Full Service Versions: Designed for those who want to hand off the entire filing process to a professional. TurboTax experts will prepare and file your return on your behalf.
This extra discount is applied at checkout and is available across all versions, making it accessible to both first-time users and seasoned filers. Remember, the earlier you file, the sooner you can receive your tax refund, so taking advantage of these savings now could be a smart move.
TurboTax Free Edition – Ideal for Simple Returns
For those with uncomplicated tax situations, TurboTax’s Free Edition allows you to file federal and state taxes at no cost. Here’s what qualifies as a “simple return”:
- Filing a basic Form 1040.
- Limited credits, such as the Earned Income Tax Credit (EITC), Child Tax Credit, or Student Loan Interest Deduction.
- No additional schedules or complex tax situations.
It’s worth noting that only about 37% of taxpayers qualify for the Free Edition. If your tax return involves business income, investments, or other complexities, you’ll likely need to upgrade to a paid version. Still, if you qualify, this no-cost option is a great way to file quickly and efficiently.
50% Off QuickBooks Solopreneur (Includes Live Assisted Tax Services)
For freelancers, contractors, and small business owners, TurboTax has teamed up with QuickBooks to offer a comprehensive solution tailored to self-employed individuals. New QuickBooks customers can save 50% on the QuickBooks Solopreneur plan for the first three months, bringing the cost down to $10 per month. This subscription includes QuickBooks Live Assisted Tax, which is specifically designed for those filing a Schedule C (Form 1040).
Key features of this plan include:
- Unlimited access to tax experts for questions and guidance.
- Seamless integration with QuickBooks to streamline tax preparation by pulling in relevant financial data.
- Expert advice to uncover deductions and credits specific to your industry.
- A 100% Accurate, Expert Approved Guarantee to give you confidence in your return.
This deal is only available to new QuickBooks customers, making it a perfect time to consider upgrading if you’re self-employed and looking for tools to simplify both bookkeeping and tax filing.
TurboTax Deals for Amazon Prime Members
If you’re an Amazon Prime member, you might be wondering whether there are exclusive TurboTax discounts available through the platform. While Amazon doesn’t offer TurboTax promo codes in the traditional sense, it does sell TurboTax products—often at lower prices than buying directly from TurboTax. For example, you can find versions like Deluxe, Premier, and Self-Employed software on Amazon at competitive rates.
Here are a few things to consider when purchasing TurboTax on Amazon:
- Choose the Right Version: Amazon sells TurboTax Deluxe with and without state filing. If you live in a state that requires state income tax returns, be sure to select the correct option.
- Authorized Sellers: When purchasing TurboTax on Amazon, confirm that the seller is either Amazon itself or one of the authorized TurboTax resellers, such as Best Buy, Staples, or Newegg. This ensures you’re buying genuine software.
- Convenience and Savings: Buying TurboTax on Amazon may save you a few dollars compared to purchasing directly from TurboTax, and you can often take advantage of fast delivery options if you’re an Amazon Prime member.
Why Some Retailers Offer TurboTax at Lower Prices
It’s not uncommon to find TurboTax software priced lower at retailers like Amazon, Best Buy, and Staples compared to TurboTax’s own website. This is because retailers set their prices independently and often offer discounts to attract customers to their stores or websites.
If you value convenience, buying directly from TurboTax ensures that you’re getting the latest version of the software without any extra effort. Plus, TurboTax offers a 60-day money-back guarantee if you decide to purchase directly but later find a better deal locally or online.
Desktop vs. Online TurboTax Versions
One key decision when purchasing TurboTax is whether to go with the desktop or online version. Both have unique benefits:
- Desktop Version: Provides access to view your forms as you work on them, giving you greater control over the process. This version allows installation on up to five computers and supports up to five federal e-filings.
- Online Version: Offers the convenience of storing your tax return on TurboTax’s secure servers, making it accessible from anywhere.
Ultimately, the choice comes down to personal preference and how you like to manage your tax preparation.
Additional Filing Tips for Amazon Prime Members
If you’re preparing your taxes this season, here are some tips to ensure a smooth filing process:
- Use TurboTax’s Features: Even if you don’t purchase TurboTax through Amazon, taking advantage of features like deduction maximizers, audit support, and expert assistance can help simplify the process.
- Check for Deals: While Amazon itself doesn’t have traditional promo codes for TurboTax, you can compare prices with other authorized resellers to find the best deal.
- Consider Direct Deposit: If you’re expecting a tax refund, set up direct deposit with your bank account for faster access to your funds.
Why TurboTax Remains a Trusted Choice
For decades, TurboTax has been a top choice for individuals and families looking to file their taxes confidently. Its intuitive software, robust support options, and tailored plans make it accessible to a wide range of taxpayers—from first-time filers to experienced business owners. Whether you purchase TurboTax through Amazon or directly from the company, you can rely on the platform’s tools and guarantees to navigate tax season with ease.
In conclusion, TurboTax’s January 2025 discounts provide a fantastic opportunity to save on your tax preparation needs. Whether you’re filing a simple return or tackling a more complex financial situation, there’s a plan designed to meet your requirements. And if you’re an Amazon Prime member, don’t overlook the possibility of finding competitive pricing on TurboTax software through the platform. By taking advantage of these deals and following the tips above, you can make this year’s tax season as stress-free—and affordable—as possible.