Updated on Sunday, April 6, 2025: It’s once again that time of the year to file our tax returns (there’s not that much time left!). If you typically use TurboTax or are considering trying them out for the first time, here’s a look at all of their current deals available through April 15th:

1) Extra 10% Off TurboTax Online Versions

TurboTax is currently offering an additional 10% instant discount for all of its Online versions when purchased directly through Intuit. This applies to federal products only, excluding any extra state tax fee (if needed). This promotion cannot be combined with other offers and is valid until the April 15, 2025 tax filing deadline.

2) TurboTax Freedom Edition for Active Military

Active-duty military personnel ranked E1 through E9 qualify for free TurboTax software through the Freedom Edition. For higher-ranking members, the software is no longer free but does include additional discounts. To use this offer, military personnel must provide a military W-2 tax form from any fiscal year 2024.

3) Partner Discounts with Financial Institutions

TurboTax collaborates with various financial institutions, including banks and credit unions, to provide exclusive discounts to their members. That incudes major companies such as Bank of America, PenFed, AAA, BECU, Fidelity Investments, and Global Credit Union. To take advantage of these offers, users should check their bank or credit union’s online portal under sections like “Deals” or “Partnerships.” While specific discounts may vary, this approach can unlock additional savings on TurboTax products.

4) TurboTax Free Edition for Simple Returns

For those with basic tax needs, TurboTax’s Free Edition is available to file federal and state taxes at no cost. This option caters to straightforward tax returns, including filings that involve Form 1040. Limited credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and the Student Loan Interest Deduction are supported. However, this service is not available for taxpayers with more complex situations, such as those requiring itemized deductions, reporting investment income, or managing business-related taxes. Approximately 37% of taxpayers qualify for this edition, making it a solid choice for eligible filers.

TurboTax and GreenState Credit Union

Unlike previous years, GreenState Credit Union is not offering its members a TurboTax discount for the 2025 tax season (at least, we can’t find it anywhere). This change marks a departure from past partnerships that provided members with exclusive savings on federal tax products. While GreenState members have often enjoyed such benefits in previous tax seasons, they’ll need to explore other avenues for discounts this year. For instance, checking other financial institutions or leveraging public TurboTax promotions could help offset the cost.

About GreenState Credit Union

History and Background

GreenState Credit Union, originally founded in 1938 as the University of Iowa Community Credit Union, has grown into one of the largest credit unions in Iowa. With a membership base exceeding 400,000 and assets worth over $10 billion, it serves communities across Iowa and several surrounding states. GreenState’s mission focuses on delivering affordable financial services while promoting economic development in its service areas. Its roots as a community-based institution underscore its commitment to providing personalized support to members.

Membership and Services

Becoming a GreenState Credit Union member is relatively simple. Membership is open to residents of Iowa, nearby states, and anyone who supports GreenState’s affiliated charities. A modest deposit to open a savings account is required to establish membership.

GreenState offers a wide range of services, including:

• Savings and Checking Accounts: Members can access competitive rates, no hidden fees, and overdraft protection options.
• Loans: This includes auto loans, home loans, and personal loans with flexible repayment terms and competitive interest rates.
• Credit Cards: Members can benefit from low-interest credit cards with cash-back rewards.
• Investment Services: GreenState provides financial advisory services to help members plan for retirement and manage investments.
• Online and Mobile Banking: Their digital platform offers convenience for tasks such as bill payments, transfers, and account monitoring.

Pros and Cons of GreenState Credit Union

Pros:

• Community-Oriented Approach: GreenState’s not-for-profit model reinvests earnings into better rates and services for members.
• Broad Service Options: A diverse array of financial products tailored to individual needs.
• Lower Fees: Compared to traditional banks, GreenState typically offers lower fees and higher interest rates on savings accounts.

Cons:

• Membership Restrictions: Availability is limited to certain geographic areas, though the credit union’s outreach has expanded in recent years.
• Fewer Branch Locations: Members outside major service areas may face limited physical access, though online services compensate for this to some extent.

Financial Planning Tips for Tax Season

As tax season approaches, it’s worth considering a few key strategies to make the most of your finances:

Maximize Retirement Contributions

Contributing to retirement accounts like IRAs can provide significant tax advantages. For 2024, individuals can contribute up to $6,500 to a traditional or Roth IRA, with an additional $1,000 “catch-up” contribution for those aged 50 and older. Keep in mind that income limits apply to Roth IRA contributions, and withdrawals from traditional IRAs are subject to taxation and potential penalties for early withdrawals.

Explore Charitable Deductions

Charitable donations are tax-deductible if you itemize deductions on your return. Ensure you maintain proper documentation, such as receipts or written acknowledgment from the charity. Note that pledges are not deductible unless the donation has been completed within the tax year.

Utilize Home Office Deductions

For those operating a business from home, a portion of expenses such as utilities and internet costs may be deductible. The IRS requires exclusive use of the home office space for business purposes, so consult a tax professional to ensure compliance.

Open a Health Savings Account (HSA)

HSAs offer triple tax advantages: contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are not taxed. For 2024, contribution limits are $3,850 for individuals and $7,750 for families, with an additional $1,000 catch-up contribution for those 55 and older.

Adjust Asset Allocation for Tax Efficiency

Strategically placing tax-inefficient assets in pre-tax accounts while keeping tax-efficient investments in taxable accounts can optimize your portfolio’s performance. This tactic, known as tax-efficient asset location, minimizes the tax impact on your investment returns.

GreenState Credit Union members may not benefit from a TurboTax discount this year, but other opportunities for financial savings and effective tax preparation remain available. By exploring these strategies and leveraging existing discounts or resources, taxpayers can still approach the season with confidence.

Updated on Sunday, April 6, 2025: It’s that time again… it’s tax season! And as always, TurboTax has rolled out a variety of offers to help you save before the April 15th deadline. Below are all the current deals available today:

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1. 10% Off TurboTax Online Versions

TurboTax in now offering an additional 10% off instant discount on its federal products when purchased directly through Intuit’s website. This discount stacks with the current end-of-season pricing across all versions of TurboTax Online. Note, however, that the discount applies only to federal products and excludes any additional state filings. Additionally, this offer cannot be combined with any other TurboTax promotions and expires on April 15, 2025.

2. 50% Off QuickBooks Solopreneur Bundle

For individuals managing a business or side hustle, QuickBooks offers its Solopreneur Bundle at 50% off for the first three months. This reduces the cost from $20/month to $10/month and can be an excellent complement for those using TurboTax to handle business-related taxes.

3. Free TurboTax for Active Military Members

Active-duty military personnel ranked E1 through E9 can take advantage of free TurboTax Freedom Edition for the 2025 tax season. For ranks above E9, a discount is still available, but the software isn’t entirely free. To apply, users must provide a military W-2 tax form from fiscal year 2024. This is a meaningful way TurboTax supports those serving the country.

4. Bank and Credit Union Partnerships

TurboTax collaborates with several financial institutions and credit unions to offer exclusive discounts to members. That incudes major ones such as AAA, Bank of America, Bethpage, BECU, Fidelity, and  Technicolor. To access these, users should check their bank or credit union’s online portals under “Deals” or “Partnerships” for specific promotions.

5. Free Edition for Simple Returns

TurboTax’s Free Edition is an excellent option for taxpayers with basic returns. This edition supports simple federal and state filings, such as Form 1040, and a limited set of credits, including the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only about 37% of taxpayers qualify for this option because it doesn’t support complex tax scenarios like business income, itemized deductions, or investments. For those who meet the eligibility requirements, it provides a completely free filing experience.

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Global Credit Union and TurboTax Partnership

As in previous years, TurboTax is partnering with Global Credit Union to provide its members with an exclusive 20% discount on TurboTax federal products. Members can access this discount by logging into their Global Credit Union account and following the partner link in your account. The discount applies only to federal filings and cannot be combined with other TurboTax offers. Note that prices are determined at the time of filing, and terms, conditions, and availability are subject to change.

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About Global Credit Union

History and Background

Global Credit Union was founded in 1954 to serve military personnel and their families. Over the years, it has expanded its membership base to include civilians, offering a wide range of financial services. With branches in multiple states and a robust online platform, it provides accessible banking solutions tailored to the diverse needs of its members. Its commitment to member-first service has made it a trusted financial partner for decades.

Membership and How to Join

Membership in Global Credit Union is open to individuals who meet certain eligibility criteria, such as living, working, or attending school in areas where the credit union operates. Additionally, military members and their families are eligible. Signing up is straightforward and can be done online or at a local branch. Members gain access to various financial products, including savings accounts, loans, and credit cards.

Benefits of Membership

One of the standout benefits of Global Credit Union membership is access to exclusive discounts, like the TurboTax promotion. Other advantages include:

• Lower Fees: Compared to traditional banks, credit unions often have fewer and lower fees.
• Competitive Loan Rates: Members can access lower interest rates on loans and mortgages.
• Financial Education: Global Credit Union provides resources and tools to help members make informed financial decisions.
• Community Focus: As a member-owned institution, profits are reinvested into better services for members and local community initiatives.

Cons of Membership

While Global Credit Union offers many benefits, there are some drawbacks to consider:

• Limited Physical Locations: Depending on where you live, you may not have easy access to a branch.
• Eligibility Requirements: Not everyone qualifies for membership, as it’s restricted to specific groups and regions.

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Financial Tips for Tax Season

As tax season approaches, it’s a good time to evaluate your financial situation and explore ways to optimize your tax filing. Here are some strategies to consider:

1. Maximize Retirement Contributions

Contributing to a traditional or Roth IRA can reduce your taxable income.  Note that income limits apply for Roth IRA contributions, so consult a tax professional to determine eligibility.

2. Consider Charitable Donations

Donating to qualified charities can provide a tax deduction if you itemize your deductions. Ensure you have proper documentation, such as receipts or bank records, to support your claim.

3. Leverage a Home Office Deduction

If you’re self-employed and use part of your home exclusively for business, you may qualify for a home office deduction. This can include expenses like utilities, rent, or mortgage interest.

4. Open a Health Savings Account (HSA)

HSAs offer a tax-advantaged way to save for medical expenses. Contributions are tax-deductible, and withdrawals for qualified expenses are tax-free.

5. Review Asset Allocation

Reassessing your investment portfolio can help manage risk and maximize tax efficiency. Placing tax-efficient assets in taxable accounts and less tax-efficient ones in pre-tax accounts can optimize returns.

6. Adjust Withholding if Necessary

Life changes like getting married, starting a new job, or having a child can impact your tax situation. Adjusting your withholding ensures you’re not overpaying or underpaying taxes throughout the year.

7. Remember Required Minimum Distributions (RMDs)

If you’re retired and over 72, you’re required to take RMDs from traditional retirement accounts. Failing to do so can result in significant penalties, so it’s crucial to plan accordingly.

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How Global Credit Union Supports Members During Tax Season

Global Credit Union offers resources to help members navigate tax season effectively. In addition to the TurboTax discount, the credit union provides educational materials on tax preparation and financial planning. Members can also take advantage of low-interest loans or lines of credit to cover unexpected tax liabilities.

Updated on Sunday, April 6, 2025: It’s that time of the year again… it’s tax season. And as always, we’re tracking the latest discounts on TurboTax to help you ease some of that financial pressure. Here are the current offers available through April 15th, including exclusive deals and tailored benefits for various groups (including those for SDCCU members):

1. Extra 10% Off TurboTax Online Versions

TurboTax is offering an additional 10% discount on its Online versions when purchased directly through Intuit by April 15, 2025. This discount applies exclusively to federal tax products, not state filings. The savings stack on top of current end-of-season pricing, just note that this offer cannot be combined with other promotions..

2. 50% Off QuickBooks Solopreneur Bundle

Entrepreneurs can benefit from a significant discount on the QuickBooks Solopreneur Bundle. This offer reduces the monthly cost from $20 to $10 for the first three months, helping self-employed individuals manage their finances and tax preparation with ease.

3. TurboTax Freedom Edition for Military Members

Active-duty military personnel ranked E1 through E9 can file their taxes for free using the TurboTax Freedom Edition. Those ranked higher can still access a discounted version. A military W2 form from fiscal year 2024 is required to activate the discount. This initiative supports service members by offering cost-effective tax filing solutions.

4. Partner Discounts Through Financial Institutions

TurboTax collaborates with a number of banks and credit unions across the country to provide exclusive member discounts. That includes major partners such as Bank of America, AAA, Fidelity Investments, LMCU, OceanFirst, and Coinbase. Check your institution’s online portal under “deals” or “partnerships” to see if any offers apply to you.

5. TurboTax Free Edition for Simple Returns

If your tax situation is straightforward, TurboTax’s Free Edition is an excellent option. This version allows you to file both federal and state taxes at no cost, provided you qualify. It supports basic returns like Form 1040 and limited credits, such as the Earned Income Tax Credit (EITC), Child Tax Credit, and Student Loan Interest Deduction. However, only around 37% of taxpayers meet the criteria, as this edition does not accommodate complex situations like business ownership, itemized deductions, or investments.

TurboTax and San Diego County Credit Union (SDCCU) Partnership

For years, San Diego County Credit Union (SDCCU) has partnered with TurboTax to offer its members exclusive tax filing benefits. For the 2025 tax season, SDCCU members can access a 20% discount on TurboTax federal products. The offer applies solely to federal filings and excludes state filings. Members can find the link to the discounted TurboTax software directly through their online SDCCU accounts.

To redeem this discount, simply log into your SDCCU account, navigate to the Member Perks page, and follow the link to TurboTax. Terms and conditions may apply, and the offer cannot be combined with other promotions. For those who prefer in-person assistance, SDCCU members also receive $25 off H&R Block’s in-office tax preparation services.

About San Diego County Credit Union (SDCCU)

Background and History

Founded in 1938, San Diego County Credit Union began as a small institution serving local county employees. Over the decades, it has grown into one of California’s largest credit unions, serving over 400,000 members. Despite its expansion, SDCCU remains a not-for-profit organization, which means its profits are reinvested into member benefits like lower loan rates, higher savings yields, and reduced fees.

SDCCU offers a wide range of financial products and services, including savings and checking accounts, loans, mortgages, credit cards, and investment services. Its commitment to innovation and member satisfaction has earned it numerous awards and accolades over the years.

Membership and Eligibility

Membership is open to anyone who lives or works in San Diego, Riverside, or Orange counties. Joining SDCCU is straightforward. You can apply online or visit a local branch. A small initial deposit of $1 into a savings account is required to establish membership.

Services and Benefits

SDCCU provides various services that can simplify tax season and overall financial management:

1. Direct Deposit: Members can set up direct deposit to receive their tax refunds quickly and securely. SDCCU’s ABA Routing Number is 322281617. Be sure to include your account suffix at the end of your account number when setting this up.
2. Online Banking: The Internet Branch platform allows members to view account details, access tax documents, and track transactions. Your account number is easily accessible through the online banking portal for direct deposit purposes.
3. Tax Documents: Tax forms such as 1099s and 1098s are available through the online Tax Center by January 31, 2025. These forms can also be mailed to members upon request.
4. Member Perks: Beyond TurboTax discounts, SDCCU offers other financial benefits and tools designed to help members achieve their financial goals.

Tips for Simplifying Tax Season

Filing taxes can be daunting, but a few proactive steps can make the process smoother:

1. Stay Up-to-Date on Tax Changes

Tax codes evolve regularly, and staying informed can help you maximize deductions, credits, and refunds. The IRS website (irs.gov) is a reliable source for updates.

2. Choose the Right Filing Status

Selecting the correct tax filing status is essential. Options include single, head of household, married filing jointly, married filing separately, and qualified widow or widower. Your status impacts your standard deduction and income tax bracket, directly affecting your tax liability.

3. DIY Filing

For those with straightforward tax situations, consider filing online to save on preparation costs. If eligible, you can have your refund deposited directly into your SDCCU account, making the process even more convenient.

4. Leverage Tax Credits

Tax credits reduce your tax liability dollar-for-dollar, unlike deductions that only reduce taxable income. Common credits include the Earned Income Tax Credit (EITC) and the Child Tax Credit. While these can be harder to qualify for, they offer significant savings.

5. File Early

Federal tax returns are due on April 15, 2025. Filing early ensures you receive your refund sooner and reduces the risk of missing deadlines. Organizing documents ahead of time can prevent last-minute scrambling.

6. Plan for Your Refund

If you expect a refund, consider contributing it to an IRA or other retirement account. Contributions are often tax-deductible, providing future financial benefits.

Benefits and Drawbacks of SDCCU

Benefits

• Lower Fees: As a not-for-profit organization, SDCCU often charges lower fees compared to traditional banks.
• Higher Savings Rates: Members typically enjoy higher yields on savings accounts and certificates of deposit (CDs).
• Community Focus: SDCCU actively supports local initiatives and charities, reflecting its commitment to the communities it serves.
• Convenient Access: With multiple branches, online banking, and a robust mobile app, SDCCU makes managing finances easy.

Drawbacks

• Membership Restrictions: Eligibility is limited to residents or workers in select counties, which may exclude some potential members.
• Branch Availability: While SDCCU has numerous branches in Southern California, its reach is geographically limited compared to national banks.

Financial Planning for Tax Season

SDCCU’s tools and resources can help you navigate tax season with confidence. Whether you’re filing independently with TurboTax or seeking professional assistance, the credit union’s discounts and direct deposit options streamline the process. For additional support, members can access educational resources and consult with SDCCU’s financial advisors to optimize their tax strategies and overall financial health.