As tax season kicks off in January 2025, finding reliable software and leveraging the right discounts can make the process smoother and less expensive. TurboTax, a leading tax preparation platform, offers several compelling deals this month. Additionally, if you’re a PricewaterhouseCoopers (PwC) employee or customer, you may have unique opportunities to maximize these offers. Let’s explore the top TurboTax discounts available and how PwC employees can benefit.
Extra 10% Off TurboTax Online Federal Products (Up to 50% Total Savings!)
One of the standout deals this January is an extra 10% off TurboTax’s federal online products. This discount stacks on top of their early-season sale, allowing you to save up to 50% overall. The offer spans all service tiers, so you can select the one that aligns with your filing needs. Here’s a quick rundown of the available tiers:
- Do-It-Yourself Versions: Perfect for individuals comfortable navigating their own taxes. TurboTax’s software simplifies the process with step-by-step instructions and robust error checks.
- Live Assisted Versions: If you’re looking for expert guidance, these plans allow you to connect with tax professionals who can answer questions and review your return for accuracy.
- Full-Service Versions: Designed for those who prefer a hands-off approach, this option lets TurboTax’s experts handle the entire filing process from start to finish.
The extra 10% discount is valid through January 31, 2025, giving you ample time to prepare and take advantage of early-season savings. By starting early, you can reduce the last-minute rush and potentially uncover deductions or credits you may have otherwise missed.
50% Off QuickBooks Solopreneur Plan (With Live Assisted Tax)
For freelancers and small business owners, managing finances and taxes can be daunting. TurboTax’s partnership with QuickBooks aims to simplify this process by offering 50% off the first three months of the QuickBooks Solopreneur plan. This discount reduces the subscription cost from $20 per month to just $10 per month. It’s a particularly valuable solution for those filing a Schedule C as part of their Form 1040.
Here are some of the standout features included with QuickBooks Live Assisted Tax:
- Unlimited Access to Tax Experts: Connect with professionals who can help identify deductions and ensure your return is accurate.
- Seamless Integration: TurboTax can automatically pull financial data from QuickBooks, streamlining the preparation process.
- Personalized Advice: Receive tailored recommendations for industry-specific tax credits and deductions.
- On-Demand Audit Support: Should you face an audit, you’ll have expert guidance at your side.
- Accuracy Guarantee: TurboTax guarantees that your return will be accurate and expert-approved.
This offer is exclusive to new QuickBooks customers and is a great opportunity to manage your bookkeeping and taxes more effectively. It’s worth noting that while this deal is ongoing, starting early in the year gives you more time to take full advantage of the platform’s capabilities.
TurboTax Free Edition for Simple Returns
If your tax situation is straightforward, the TurboTax Free Edition may be all you need. This version allows you to file both federal and state taxes at no cost. A simple return typically involves:
- Filing a basic Form 1040.
- Claiming limited credits such as the Earned Income Tax Credit (EITC), Child Tax Credit (CTC), or Student Loan Interest Deduction.
- Avoiding additional schedules or complex financial situations.
It’s important to note that only about 37% of taxpayers qualify for the Free Edition. If your return includes complexities such as significant investment income, homeownership, or self-employment income, you’ll likely need to upgrade to a paid plan. Still, for those who meet the qualifications, the Free Edition is a great way to file your taxes without any cost.
How PwC Employees and Customers Can Benefit
For PricewaterhouseCoopers (PwC) employees and customers, TurboTax’s discounts can be even more advantageous. PwC often collaborates with TurboTax to provide its workforce and client base with exclusive offers. These deals not only help save money but also streamline the tax preparation process, making it easier for individuals with complex financial situations.
Exclusive PwC Employee Discounts
PwC employees may have access to additional discounts on TurboTax products through their employee benefits portal. These discounts can include:
- Reduced rates on TurboTax Live Assisted or Full-Service tiers.
- Specialized support for managing complicated returns, such as those involving stock options, international income, or extensive business deductions.
Employees should check with their HR department or benefits portal to confirm the specifics of any available TurboTax promotions.
PwC Clients and TurboTax Integration
PwC’s clients—particularly those in the small business sector—can benefit from integrating TurboTax with other PwC-supported tools. For example:
- Streamlined Data Sharing: If you’re using PwC’s advisory or accounting services, TurboTax may offer options to directly import relevant financial data, reducing manual entry.
- Tailored Tax Advice: PwC’s experts often work with clients to identify potential deductions and credits, which can be seamlessly incorporated into TurboTax filings.
For both employees and customers, these integrations save time and ensure a more accurate tax filing experience.
Key Tips for Maximizing TurboTax Discounts
To make the most of TurboTax’s January deals, consider the following tips:
- Start Early: The extra 10% discount on federal online products expires on January 31, 2025. Filing early not only ensures you lock in savings but also gives you more time to address any potential issues.
- Evaluate Your Needs: Choose a TurboTax tier based on the complexity of your tax situation. For example, self-employed individuals might benefit more from a Live Assisted or Full-Service plan.
- Check Employee Benefits: PwC employees should verify any additional TurboTax offers available through their company’s benefits portal.
- Use QuickBooks If You’re Self-Employed: The Solopreneur plan’s integration with TurboTax is invaluable for freelancers and small business owners. Taking advantage of the 50% discount early in the year ensures you’ll have a robust bookkeeping system in place.
- Verify Free Edition Eligibility: If you’re considering the Free Edition, confirm that your tax situation qualifies. Upgrading later in the process can be more time-consuming.
Final Thoughts
TurboTax’s discounts in January 2025 present a valuable opportunity for taxpayers to save money while simplifying the filing process. Whether you’re an individual with a straightforward return, a freelancer managing a Schedule C, or a PwC employee seeking exclusive benefits, there are options tailored to your needs.
PwC employees and clients, in particular, should explore how their relationship with the firm can enhance their tax filing experience. By combining TurboTax’s intuitive tools with PwC’s expertise, you can navigate even the most complex tax situations with confidence. With tax day fast approaching on April 15, 2025, now is the perfect time to get started.