Updated on Monday, February 16, 2026: TurboTax is currently running several early-season offers. Here are the top discounts available this week:
1. Save an Extra 20% on Federal Filing
Until March 30, 2026, TurboTax is knocking an additional 20% off federal tax products when you purchase directly from Intuit. This discount stacks with their late-season pricing, which means the total savings can add up quickly. The offer only applies to federal filing, so state returns aren’t included in this deal.
2. New to TurboTax? File Your First Return Free
If you didn’t use TurboTax last year—or you’ve never tried it before—you can file your taxes for free through the TurboTax or Credit Karma mobile app. Choosing the DIY option lets you submit both federal and state returns without paying anything. This free filing isn’t limited to basic tax situations, so freelance work, investments, and rental income still qualify. As long as you file in the app by February 28, 2026, any added upgrade fees are automatically waived.
3. Beat the Price Hike by Filing Early
TurboTax rewards early filers with discounts of up to $40 on federal returns when you file by February 27, 2026. You can still decide how much support you want, from handling everything yourself to getting help from a tax professional. Filing early also takes the pressure off as deadlines approach. It’s a smart move if you want to avoid stress and get your refund moving sooner.
4. Military Members Can File for Free
Active-duty service members ranked E1 through E9 can use TurboTax’s Freedom Edition at no cost. Those ranked above E9 still receive discounted pricing rather than paying full price. A 2025 military W-2 is required to qualify for the free or reduced-rate filing. This benefit is meant to simplify tax season for those currently serving.
5. 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).
The TurboTax and LBS Financial Credit Union Partnership
One of the most significant tax-related perks for LBS Financial members this year is the 20% discount on TurboTax products. This collaboration continues a long-standing tradition of providing members with accessible, affordable financial tools during tax season.
How to Access the Discount
The discount is available for a variety of TurboTax products, catering to different tax filing needs:
- TurboTax Deluxe: Perfect for maximizing deductions related to homeownership, charitable contributions, and medical expenses.
- TurboTax Premier: Designed for those managing investment income or rental property taxes.
- TurboTax Self-Employed: Tailored for gig workers, freelancers, and small business owners with complex tax situations.
To redeem the discount, members simply need to use the link provided by LBS Financial on its website or member portal. The discount is applied automatically, making the process seamless.
A Closer Look at LBS Financial Credit Union
Origins and Growth
LBS Financial Credit Union was established in 1935 during the Great Depression, initially serving employees of the Long Beach Unified School District. Over the years, it expanded its membership base to include a broader community while maintaining its dedication to personalized service and financial empowerment.
Today, LBS Financial serves over 140,000 members across Southern California and manages assets exceeding $2 billion. Despite its growth, the credit union remains committed to its mission of supporting the financial health of its members.
Membership Eligibility
Membership is open to individuals who live, work, worship, or attend school in select Southern California counties. Immediate family members of current members are also eligible to join, creating a network of financial inclusion.
Locations and Accessibility
Headquartered in Westminster, California, LBS Financial operates several branches across Los Angeles and Orange Counties. For members outside this region, the credit union provides extensive digital banking options, including:
- Online Banking: Account management, fund transfers, and transaction history.
- Mobile App: Features like mobile check deposit and bill payment.
- Shared Branching Network: Access to thousands of shared branches and ATMs nationwide.
Tax-Related Services Offered by LBS Financial
Direct Deposit
Members expecting tax refunds can utilize direct deposit for secure and prompt access to their funds.
Tax-Advantaged Accounts
- IRAs: LBS Financial offers Traditional and Roth IRAs. Traditional IRAs allow tax-deferred contributions, while Roth IRAs enable tax-free withdrawals in retirement.
- HSAs: Health Savings Accounts let members save pre-tax dollars for qualified medical expenses, reducing taxable income.
Loans and Credit Options
To cover tax-related expenses, LBS Financial provides:
- Personal Loans: Flexible, unsecured loans at competitive rates.
- Home Equity Loans/Lines of Credit: Ideal for larger financial needs.
Financial Education
The credit union emphasizes financial literacy, offering workshops, online resources, and one-on-one support to help members make informed decisions during tax season.
Benefits and Drawbacks of LBS Financial Credit Union
Benefits
- Lower Fees and Better Rates: Credit unions typically offer reduced fees and better rates compared to traditional banks.
- Profit Sharing: LBS Financial reinvests profits into member benefits, enhancing technology and services.
- Community Focus: Strong ties to the local community through education and charitable initiatives.
Drawbacks
- Membership Restrictions: Limited to specific Southern California counties and eligible groups.
- Regional Focus: Branch locations are concentrated in Southern California, which may inconvenience members outside this area.
- Technology Limitations: While the digital tools are robust, they may not match the sophistication of larger national banks.
Why TurboTax is a Trusted Tax Solution
TurboTax is known for its ease of use, comprehensive features, and ability to save time. Here are some standout features:
- User-Friendly Interface: Guides users through the tax filing process step by step.
- Real-Time Support: Error checks and access to tax experts ensure accurate filings.
- Flexibility: Products for every tax situation, from simple returns to complex financial setups.
The 20% discount through LBS Financial enhances TurboTax’s affordability, making it an even more valuable tool.
Tips for a Stress-Free Tax Season
- Claim Your Discount: Leverage the TurboTax partnership with LBS Financial to save on filing costs.
- Organize Early: Collect W-2s, 1099s, and other documents ahead of time.
- Maximize Contributions: Add to IRAs or HSAs to reduce taxable income.
- Understand Deductions: Research applicable deductions and credits.
- File Early: Avoid delays by submitting your return well before the deadline.
Our Final Thoughts
The partnership between TurboTax and LBS Financial Credit Union offers members a valuable opportunity to simplify their tax filing process while saving money. With a 20% discount on TurboTax products, LBS Financial continues to demonstrate its commitment to supporting members’ financial goals.
From its roots as a small credit union for educators to its role as a major financial institution in Southern California, LBS Financial has consistently prioritized member needs. By providing tax-related services, financial education, and exclusive discounts, it remains a trusted partner during tax season and beyond.
Whether you’re navigating a simple return or tackling a complex filing, the resources offered by TurboTax and LBS Financial can make the process more manageable. With a little preparation and the right tools, you can approach the 2026 tax season with confidence.