Updated on Sunday, February 1, 2026: This year’s tax deadline is almost here and for many of us, TurboTax remains our go-to option for filing taxes. This year, Fidelity Investments customers continue to benefit from an exclusive partnership, while TurboTax offers additional savings for a range of taxpayers. Here’s a breakdown of this and all of the best deals available this month:
1. 20% Discount on all TurboTax Federal Tax Products
TurboTax is currently offering a 20% instant discount on federal filing products purchased directly from Intuit, valid through March 30, 2026. This reduction only applies to federal returns; state filings are billed separately. The discount is automatically applied at checkout for qualifying products. Early-season discounts like this give filers an opportunity to lower costs while using the standard TurboTax features.
2. Free Filing for New Users
Individuals who did not use TurboTax last year can file both federal and state returns at no cost through the TurboTax or Credit Karma mobile app. Choosing the self-guided option allows users to manage their filings independently. This option also accommodates more complex income streams, including freelance work, investments, and rental properties. Returns must be completed in the app by February 28, 2026, to maintain eligibility for free filing.
3. Early Filing Can Reduce Costs
Filing early in the season can reduce the cost of a federal return by up to $40 with TurboTax, available through February 27, 2026. Users retain control over how much help they want, from doing it themselves to consulting a tax professional.
4. File for free with TurboTax Free Edition
TurboTax’s Free Edition. ~37% of filers qualify. Simple Form 1040 returns only (no schedules, except for EITC, CTC, student loan interest, and Schedule 1-A).
5. TurboTax Freedom Edition for Military Members
Active-duty service members in pay grades E1 through E9 can file at no cost using the TurboTax Freedom Edition. Those above these pay grades are eligible for discounted pricing. A military W-2 from the 2025 tax year is required to qualify. The program is tailored to simplify tax filing for military households while reducing administrative effort during active duty.
Fidelity Investments and TurboTax: An End of a Partnership in 2026
Fidelity Investments has ended it’s partnership with TurboTax to offer (it used to offer its clients a generous 25% discount on various versions of the tax preparation software). That included on:
- TurboTax Deluxe: Ideal for individuals looking to maximize deductions, especially those with itemized expenses like mortgage interest, medical bills, or charitable contributions.
- TurboTax Premier: Designed for taxpayers with investments, rental income, or cryptocurrency transactions. This version simplifies the filing process for individuals with more complex income sources.
- TurboTax Self-Employed: Tailored for freelancers, contractors, and small business owners. It helps track business expenses, including mileage, and ensures industry-specific deductions aren’t overlooked.
- TurboTax Live and Full Service: For those who want professional assistance, TurboTax Live provides on-demand expert help, while Full Service allows you to hand over the entire process to a tax expert who manages every detail.
To redeem this discount, Fidelity clients had to simply use a special link provided by Fidelity, which automatically applied the savings at checkout. No additional service codes or coupons were required.
Fidelity Investments: History, Financial Role, and Tax Season Resources
Fidelity Investments is one of the most trusted names in financial services, known for its comprehensive investment and retirement solutions. With over 80 years of experience, Fidelity offers a wide range of tools and resources that can be particularly useful during tax season.
Background and History
- Founded: Fidelity was established in 1946 in Boston, Massachusetts, and has grown into one of the largest investment firms in the world.
- Services: Fidelity provides investment management, retirement planning, wealth management, and a variety of financial tools for individuals and businesses.
- Customer Base: Fidelity serves over 40 million individual investors and manages trillions of dollars in assets.
Fidelity’s Role in Tax Season
Fidelity is more than just an investment platform; it offers resources to help customers navigate tax season efficiently.
- Access to Tax Documents: Fidelity automatically generates tax documents, such as 1099 forms for investments, making it easier to report income accurately. These documents are accessible through the platform’s secure online portal.
- Integration with Tax Software: Fidelity’s compatibility with TurboTax allows users to import investment and income data directly into the software, saving time and reducing errors.
- Educational Resources: Fidelity provides articles, webinars, and calculators to help customers understand tax implications for investments, such as capital gains and retirement withdrawals.
Benefits of Fidelity During Tax Season
- Seamless Data Import: Fidelity’s integration with TurboTax eliminates manual data entry, which is especially useful for investors with complex portfolios.
- Streamlined Organization: All tax-related documents are stored securely online, making them easy to access when needed.
- Discounts on Tax Software: Fidelity customers enjoy a 25% discount on TurboTax products, reducing the overall cost of tax preparation.
Drawbacks to Consider
While Fidelity offers significant benefits, there are some limitations:
- Fee Structures: Some Fidelity accounts may charge management fees, which could impact your overall savings.
- Complex Investment Portfolios: Users with highly intricate portfolios may still require professional tax advice beyond what TurboTax or Fidelity’s tools can provide.
How to Sign Up and Make the Most of Fidelity and TurboTax
If you’re not already a Fidelity customer, signing up is straightforward. You can create an account online or at one of Fidelity’s many branch locations. Once you’re a client, take advantage of the TurboTax discount by following the link provided on Fidelity’s website.
To maximize your tax filing experience:
- Organize Early: Download all necessary tax forms from Fidelity’s portal as soon as they’re available.
- Leverage Educational Resources: Use Fidelity’s tools to understand your tax obligations, especially for investments or retirement withdrawals.
- Utilize Discounts: Redeem Fidelity’s TurboTax discount to reduce filing costs while ensuring accuracy.
The Bottom Line on TurboTax, Fidelity, and Tax Season
TurboTax’s 2026 discounts offer substantial value for taxpayers. Whether you’re filing a basic return or managing complex investment income, these tools simplify the process while saving you money.
For Fidelity customers, the added convenience of integrated tax document management and a TurboTax discount ensures a smoother tax season. As always, staying organized and informed will help you maximize your returns and minimize stress.