Updated on Monday, February 2, 2026: Tax season is here once again, and whether you’re filing independently or seeking professional assistance, there are several ways to reduce costs on tax preparation software and services. If you’re planning on using TurboTax this year then here’s a breakdown of the current offers available now:
1. 20% Off Instant Discount from TurboTax
TurboTax is offering a 20% instant discount on its federal tax filing software when purchased directly from Intuit through March 30, 2026. This discount applies only to the federal portion of a return and does not include state filing fees. State returns are added separately during the filing process. The price adjustment is visible automatically when an eligible product is selected.
2. Free Filing for Those Switching to TurboTax
Taxpayers who did not use TurboTax last year can file their federal and state taxes for free using the TurboTax mobile app. The free option is available when choosing the self-prepared filing route. It supports a range of income situations, including freelance work, investments, and rental income. Filing must be completed in the app by February 28, 2026 to avoid any upgrade charges.
3. Lower Early-Bird Pricing
TurboTax reduces the cost of federal filing earlier in the tax season, with savings of up to $40 available through February 27, 2026. Filers can still decide whether to file independently or use professional assistance.
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. Filing Option for Active-Duty Military
Active-duty military members in pay grades E1 through E9 can file their taxes at no cost using the TurboTax Freedom Edition. Service members above those pay grades are eligible for discounted pricing instead of free filing. A military W-2 from the 2025 tax year is required to qualify. This option is designed to address tax situations commonly encountered by military households.
6. Credit Union and Financial Institution Discounts
TurboTax collaborates with numerous banks and credit unions to provide exclusive savings. Some of the major partnerships include Bank of America, Fidelity Investments, AAA, Suncoast Credit Union, Capital One, and BECU. These deals are typically listed under the “deals” or “partnerships” sections of online banking portals. For example, First Technology Federal Credit Union members can save 20% on TurboTax federal products this year (details below).
First Technology Federal Credit Union and TurboTax Discounts for Members
Members of First Technology Federal Credit Union (commonly known as First Tech) can take advantage of a 20% discount on TurboTax federal products. This exclusive offer is available through a dedicated link within members’ online accounts. It’s important to note that the discount applies only to federal products, excluding state filings. Additionally, the deal cannot be combined with other TurboTax promotions.
First Technology Federal Credit Union: A Guide for Tax Season and Beyond
Background and History
First Technology Federal Credit Union is a member-owned, not-for-profit financial institution that primarily serves professionals in the tech industry. Established in 1952, First Tech is headquartered in Hillsboro, Oregon, and operates branches across the United States. Over the years, it has grown to become one of the largest credit unions, with more than 720,000 members and assets exceeding $16 billion.
First Tech distinguishes itself by focusing on technology-driven solutions and personalized financial services. Its offerings include savings and checking accounts, loans, credit cards, investment services, and various digital tools to help members manage their finances effectively.
Membership and Benefits
To join First Tech, individuals must meet certain eligibility criteria, such as being employed by a partner company, affiliated with an eligible organization, or residing in certain geographic areas. Family members of eligible individuals may also qualify.
First Tech members enjoy numerous benefits, including:
- Low Fees: As a credit union, First Tech typically charges lower fees compared to traditional banks.
- Competitive Rates: Members can access attractive rates on savings accounts, loans, and mortgages.
- Digital Accessibility: Advanced online and mobile banking platforms make it easy to manage accounts and access services.
- Community Focus: First Tech reinvests profits into member benefits, community programs, and financial education.
Potential Drawbacks
While First Tech offers a wide range of advantages, there are some considerations to keep in mind:
- Limited Branch Availability: Compared to national banks, First Tech has fewer physical branches, which may be inconvenient for some members.
- Eligibility Requirements: Membership is not open to everyone, as it depends on specific employment or geographic criteria.
Navigating Tax Season with First Tech
First Tech provides various resources to help members navigate tax season efficiently. From discounts on tax software to financial planning tools, here’s how you can make the most of your membership during this time.
Getting Started with Tax Preparation
Before diving into tax preparation, it’s crucial to organize all necessary documents. Here’s a checklist to guide you:
- Personal Information: Gather Social Security numbers, dates of birth, and bank account details for direct deposits.
- Income Documents: Collect W-2s, 1099s, and K-1s, as applicable.
- Deduction Records: Compile receipts for deductible expenses, such as business costs, student loan interest, and charitable donations.
First Tech offers tools like transaction summaries and budgeting software to help members track expenses throughout the year, simplifying the documentation process.
Additional Tips for a Stress-Free Tax Season
- Check Your Refund Status: Use the IRS “Where’s My Refund?” tool to track your refund without needing to contact your tax preparer.
- Stay Alert to Scams: Protect yourself from tax-related fraud by filing early and avoiding suspicious communications claiming to be from the IRS.
- Understand Tax Reforms: Keep up-to-date with any legislative changes that could impact your return.
Financial Planning Beyond Tax Season
Tax season is an excellent time to assess your overall financial health and plan for the future. First Tech offers several tools and resources to help members achieve their financial goals, including savings accounts, retirement planning, and investment services.
For those receiving a tax refund, consider using it strategically. For example:
- Pay Down Debt: Reduce high-interest debt to improve your financial stability.
- Build Emergency Savings: Strengthen your financial safety net by increasing your savings.
- Invest for the Future: Explore First Tech’s investment options to grow your wealth over time.
Additionally, members can take advantage of flexible spending accounts (FSAs) and other pre-tax benefits to maximize their savings throughout the year.