Updated on Monday, February 16, 2026: Here’s a look at all of the latest TurboTax offers for early-season filers, including details of the PenAir Credit Union partnership and how they support their members during tax season.
Top TurboTax Discounts – February 2026
Here’s a roundup of all of top deals available today from TurboTax:
1. 20% off Coupon for Federal Filing
TurboTax is offering a 20% instant-discount on federal tax products purchased directly from Intuit through March 30, 2026. The discount applies after any seasonal pricing and only covers federal returns. Eligible savings are applied automatically during checkout. State filing fees are separate and not included.
2. Free Filing for New TurboTax Users
If you didn’t use TurboTax last year, you can file for free through the TurboTax or Credit Karma mobile app. Choosing the DIY option allows both federal and state returns to be submitted at no cost. This free option still supports income from freelancing, investments, or rental property. Upgrade fees are waived as long as you file in the app by February 28, 2026.
3. Early Filing Can Reduce Costs
Filing earlier in the season can lower the cost of a TurboTax federal return by up to $40 if filed by February 27, 2026. You can choose how much help you want, whether filing on your own or working with a tax professional. Filing early also gives you more time to review your return. It can make the process feel less rushed overall.
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. Free Filing for Eligible Military Members
Active-duty military members in pay grades E1 through E9 can file for free using the TurboTax Freedom Edition. Those ranked above E9 can still access discounted pricing. A military W-2 from the 2025 tax year is required to qualify. This option is designed to reduce the workload of tax filing for service members.
6. Exclusive Credit Union Discounts
TurboTax collaborates with many financial institutions across the country, including major banks and credit unions, to offer members exclusive discounts. If you bank with an institution like PenAir Credit Union, you may be eligible for special rates. Check your institution’s online portal for promotions listed under “deals” or “partnerships.”
PenAir Credit Union’s Partnership with TurboTax
As in previous years, PenAir Credit Union is offering its members a 20% discount on TurboTax products. This partnership gives members access to various TurboTax packages tailored to their needs, including:
- TurboTax Deluxe: Ideal for taxpayers looking to maximize deductions and credits, especially homeowners and families with dependents.
- TurboTax Premier: Suited for individuals with investments, rental properties, or other income sources requiring more detailed reporting.
- TurboTax Self-Employed: Designed for freelancers, independent contractors, and small business owners, offering tools to track income and deductions effectively.
To take advantage of this offer, PenAir members simply log into their online banking account or visit the credit union’s website. There, they’ll find a link to the TurboTax platform with the discount already applied.
About PenAir Credit Union
History and Mission
PenAir Credit Union has been serving its members since 1936, making it the oldest and largest credit union in northwest Florida. It was initially founded to serve civil service employees stationed at Naval Air Station Pensacola. Over the years, PenAir has grown significantly, expanding its services to include over 120,000 members across Florida and Alabama.
Like all credit unions, PenAir operates as a member-owned, not-for-profit organization. This structure allows it to prioritize its members’ financial well-being by offering low fees, competitive rates, and personalized service, instead of focusing on generating profits for shareholders.
Financial Services
PenAir offers a comprehensive range of financial products to meet the diverse needs of its members, including:
- Checking and Savings Accounts: PenAir provides accounts with no minimum balance requirements and minimal fees. These accounts come with competitive interest rates to help members grow their savings.
- Loans: Members have access to a variety of loan options, including auto loans, personal loans, mortgages, and home equity loans. PenAir often offers lower rates than traditional banks.
- Credit Cards: PenAir’s credit cards feature competitive interest rates, no annual fees, and cashback rewards, catering to a variety of spending habits.
- Business Banking Services: Small businesses can benefit from tailored checking accounts, loans, and lines of credit designed to help them succeed.
- Investment and Retirement Accounts: PenAir provides Individual Retirement Accounts (IRAs) and other investment options to help members save for the future.
Financial Education
PenAir is committed to empowering its members with financial knowledge. Through educational workshops, online resources, and one-on-one counseling, the credit union equips members with the tools needed to budget, save, and invest wisely.
PenAir Credit Union and Tax Season
Although PenAir doesn’t directly provide tax preparation services, it offers several tools and benefits to support its members during tax season.
Key Tax-Related Benefits for Members
- TurboTax Discount: The 20% discount on TurboTax products is one of PenAir’s standout benefits for tax season. It makes reliable, user-friendly tax software more affordable.
- Tax-Advantaged Accounts: PenAir’s Traditional and Roth IRAs help members save for retirement while offering tax benefits. Traditional IRAs, for instance, may reduce taxable income, while Roth IRAs provide tax-free withdrawals in retirement.
- Direct Deposit for Refunds: Members can set up direct deposit for their tax refunds, ensuring they receive their funds quickly and securely.
- Access to Financial Counseling: PenAir’s financial advisors can assist with tax-related financial planning, such as maximizing deductions or understanding the tax implications of investments.
Advantages of Banking with PenAir Credit Union
PenAir Credit Union provides several advantages for its members, especially when it comes to tax season and broader financial management:
- Lower Costs: As a not-for-profit institution, PenAir offers lower fees and better rates than many traditional banks.
- Personalized Support: Members receive tailored advice and resources designed to meet their specific financial needs.
- Exclusive Member Perks: Partnerships like the TurboTax discount provide additional value.
- Community Involvement: PenAir invests in local communities through charitable donations, financial literacy programs, and volunteer efforts.
Potential Drawbacks
While PenAir offers many benefits, there are a few considerations to keep in mind:
- Membership Eligibility: PenAir’s membership is limited to individuals who meet certain eligibility criteria, such as living in specific areas or being affiliated with a qualifying organization.
- Branch Locations: PenAir’s physical branches are concentrated in northwest Florida and southern Alabama, which may not be convenient for members outside this region.
- Digital Features: While PenAir’s online and mobile banking platforms are improving, they may lack the advanced capabilities of larger national banks.
Making the Most of Tax Season with PenAir Credit Union
If you’re a PenAir member, here are some practical steps to simplify your taxes:
- Use the TurboTax Discount: Save 20% on TurboTax by accessing the link through PenAir’s online portal.
- Contribute to an IRA: Maximize tax benefits and retirement savings by making contributions before the tax filing deadline.
- Set Up Direct Deposit: Ensure your tax refund is deposited quickly and securely into your PenAir account.
- Seek Financial Advice: Consult PenAir’s advisors for guidance on tax strategies, deductions, and other financial decisions.
Our Final Thoughts
PenAir Credit Union’s partnership with TurboTax underscores its commitment to supporting members during tax season. The 20% discount on TurboTax products is a valuable resource for simplifying the often-complicated tax filing process.
Beyond tax season, PenAir stands out as a trusted financial partner, offering affordable services, personalized support, and a commitment to financial education. While there are some limitations, such as regional membership requirements and a smaller branch network, PenAir’s member-focused approach makes it an excellent choice for those who qualify.
As tax season approaches, consider leveraging PenAir’s resources and TurboTax partnership to streamline your filing process and achieve your financial goals.