Updated on Monday, February 16, 2026: With tax season here, TurboTax has rolled out several limited-time discounts, including partner exclusives, such as for MasterCard holders, to help lower filing costs. Here’s a look at the current deals available today:
1. 20% Off TurboTax Federal Filing Discount
TurboTax is offering an instant 20% discount on federal tax filing products purchased directly from Intuit through March 30, 2026. The discount applies only to the federal return. State filing fees are not included and are added separately.
2. Free Filing for New TurboTax Users
Taxpayers who did not use TurboTax in the previous filing year can file federal and state returns for free using the TurboTax or Credit Karma mobile app. The offer is limited to self-prepared returns filed within the app. Returns must be submitted by February 28, 2026.
3. Lower Pricing for Early Filers
TurboTax charges less earlier in the tax season, with federal returns costing up to $40 less if filed by February 27, 2026. Pricing increases as the filing deadline approaches. Filing options remain the same regardless of when you file.
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. Military Filing Option
Active-duty service members in pay grades E1 through E9 can file for free using the TurboTax Freedom Edition. Higher-ranking service members receive discounted pricing instead. A military W-2 from the 2025 tax year is required.
6. Exclusive Partner Discounts
TurboTax has partnered with various financial institutions and credit unions across the country, such as AAA, Bank of America, Fidelity and USAA, offering exclusive discounts to their customers. These discounts vary based on the bank or credit union that you work with, so it’s a good idea to check the specific terms and deals available through your financial institution’s online portal, typically found under sections like “deals” or “partnerships.”
The TurboTax & MasterCard Partnership
As part of its longstanding partnership with MasterCard, TurboTax offers a 20% discount for MasterCard cardholders on their tax preparation services. This offer has been available for several years and continues to be a popular choice for those looking to save on their tax preparation costs.
To take advantage of this offer, simply follow the TurboTax link found on MasterCard’s site. The 20% discount will apply to the cost of the product, excluding any state tax filings.
MasterCard History, Background, and Use in Tax Filing
MasterCard is a global payments technology company that has been around since 1966. Founded by a group of banks, it has since evolved into one of the largest and most widely recognized financial services companies in the world. MasterCard’s main product offerings include credit cards, debit cards, and prepaid cards, which can be used for both everyday purchases and, increasingly, for specialized needs such as tax payments.
For years, MasterCard has provided its cardholders with a range of benefits, from cashback rewards to promotional offers with partners like TurboTax. One of the key advantages of using a MasterCard to pay for taxes is its convenience. With the ability to make tax payments online or by phone, MasterCard holders can pay off their 1040, 1040-ES, or 4868 forms using their cards, while earning points or rewards for their purchase. The payment process is straightforward, and taxpayers are able to handle their obligations from the comfort of their homes.
MasterCard is also accepted by a wide range of tax payment providers, which increases its flexibility. Payment providers like Official Payments Corp and PAY1040.com facilitate tax payments for federal income taxes, allowing MasterCard cardholders to complete their transactions securely and conveniently. To process a payment, users simply need to select one of the payment options and follow the prompts provided by the payment provider, either online or through an automated phone system.
How to Use Your MasterCard to Pay Taxes
There are several ways to use your MasterCard to pay your taxes, depending on how you choose to file. The three main options are:
- Paper Return: Prepare your tax return on paper and then make your payment by phone or online.
- Electronic Filing: Use an electronic filing system, such as TurboTax or another online platform, to file your taxes and pay through the same methods.
- Authorized Tax Preparer: Have a professional tax preparer file your taxes electronically and then make the payment through MasterCard.
Once your return is filed, MasterCard allows you to pay the tax balance due using their payment processors, such as Official Payments Corp or PAY1040.com. Payment by phone is available via toll-free automated numbers, or you can complete the transaction directly online. Simply select MasterCard as the payment option, and the payment processor will guide you through the necessary steps.
Fees and Costs Involved
When using MasterCard to pay taxes, be aware that a convenience fee may be charged, which varies based on your tax liability and the payment provider. These fees are generally small, but it’s important to note that they will appear separately on your credit card statement. For example, you may see two entries on your statement: one for the tax payment itself and another for the convenience fee. The fee will be identified clearly as “Tax Payment Convenience Fee.”
It’s also worth noting that this convenience fee is applied by the payment providers rather than MasterCard itself. For this reason, the fee may differ depending on which provider you choose to handle your payment.
MasterCard and Taxes: Benefits and Drawbacks
Using a MasterCard for tax payments offers a variety of benefits. For one, it simplifies the payment process. Instead of dealing with checks, money orders, or other forms of payment, you can easily complete your transaction using a card you likely already carry. The added bonus is that many MasterCard users earn rewards, cash-back, or points for their purchases, including tax payments. These rewards can be useful for offsetting the costs of tax preparation or other related expenses.
Another advantage is the flexibility of using MasterCard for payments. With access to payment portals like Official Payments Corp and PAY1040.com, taxpayers can manage their tax obligations from anywhere, at any time. Furthermore, some taxpayers may prefer the added security that comes with using a credit card for such a large payment, compared to other payment methods.
However, there are drawbacks to consider as well. The main issue is the convenience fee, which, although generally small, adds to the overall cost of using a credit card to pay taxes. Additionally, if you carry a balance on your MasterCard, you’ll be subject to interest charges, which can quickly add up. For taxpayers who can’t pay off their balance immediately, this could result in significant extra costs. Furthermore, there are limitations on the types of taxes that can be paid with a MasterCard. For example, state taxes might not be eligible for payment via this method, depending on the state and payment processor.
Signing Up for MasterCard: What You Need to Know
To take advantage of the benefits of MasterCard, you’ll first need to sign up for an account. The process of signing up for a MasterCard is straightforward. You can choose from a variety of options, including credit cards, debit cards, or prepaid cards. Many financial institutions and banks offer MasterCard products, and each has its own set of benefits, rewards, and fees.
When selecting a MasterCard, consider factors such as your credit score, the type of rewards or perks you want, and your overall financial situation. Some cards offer specific benefits for travel, while others may offer cash-back or points on everyday purchases. If you plan to use your MasterCard for tax payments, make sure to check whether the card’s terms and conditions include any restrictions or extra fees for paying taxes.
In conclusion, using a MasterCard to pay taxes can be a convenient and rewarding option for many taxpayers. With access to a range of payment providers and the potential for rewards, it offers flexibility and ease of use. However, it’s essential to consider the associated fees and costs, especially if you carry a balance on your card.