Updated on Sunday, February 1, 2026: With tax season already in full swing, we’re tracking the best TurboTax deals to help you save when using their software. Here’s a breakdown of the latest offers you can take advantage of right now.
1. 20% off Instant TurboTax Federal Filing Discount
TurboTax is offering a 20% discount on federal tax filing products purchased directly from Intuit through March 30, 2026. The discount applies only to the federal portion of a return and does not include state filing fees. Any applicable savings are applied automatically during checkout. This pricing applies regardless of which TurboTax federal product you choose.
2. Free Filing for New TurboTax Filers
Taxpayers who did not use TurboTax in the previous filing year can file their returns for free through the TurboTax or Credit Karma mobile app. Choosing the self-prepared filing option allows both federal and state returns to be submitted at no cost. This option supports a wide range of income types, including self-employment, investments, and rental income. To qualify, returns must be completed within the app by February 28, 2026.
3. Early-Bird Filing Pricing in Effect
TurboTax offers reduced pricing earlier in the tax season, with savings of up to $40 on federal returns filed by February 27, 2026. Filers can still decide how much assistance they want, from handling the return themselves to working with 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 military members in pay grades E1 through E9 are eligible to file at no cost using the TurboTax Freedom Edition. Service members above those pay grades can access discounted pricing. A military W-2 from the 2025 tax year is required to qualify. This edition is designed to account for tax considerations specific to military service.
TurboTax Discounts for PenFed Members
PenFed, short for Pentagon Federal Credit Union, is offering its members several finance-released discounts for tax preparation this year. As in previous years, PenFed members can enjoy 20% off TurboTax federal tax products. Additionally, members can access discounts of up to $25 on H&R Block tax preparation software. These discounts are activated through special links provided in members’ PenFed accounts—no promo codes are needed.
To claim these offers:
- Log in to your PenFed account.
- Navigate to the relevant tax preparation discount link in the “Offers” or “Partnerships” section.
- Follow the provided link to apply the discount automatically during your purchase.
Pentagon Federal Credit Union: A Trusted Financial Partner
PenFed has a rich history as one of the largest credit unions in the United States. Founded in 1935, PenFed was originally established to serve members of the military and their families. Today, it has expanded its membership to include civilians, offering a wide range of financial products, including loans, credit cards, and savings accounts.
PenFed and Taxes
PenFed provides comprehensive resources to help its members manage tax season efficiently. From discounts on tax preparation software to easy access to year-end tax statements, PenFed members can take advantage of several tools to make filing taxes less stressful.
Accessing Tax Statements Online
PenFed members can view their tax documents online through their accounts. Here’s how:
- Log in to PenFed Online.
- Click “Other Actions” and select “Get Year-End Information.”
- Navigate to the “Tax Statements” tab.
- Download or view your relevant tax forms, such as Form 1098, 1099, or 5498.
PenFed offers a variety of tax forms based on account types and transactions, including:
- 1098: Mortgage interest statements.
- 1099-INT: Interest income from savings or checking accounts.
- 5498: IRA contributions.
For members who prefer electronic tax statements, PenFed provides an option to go paperless. To enroll, simply follow the e-statement sign-up instructions in your online account before January 10, 2026.
Key Benefits of PenFed Membership During Tax Season
Exclusive Discounts
PenFed members receive access to significant savings on TurboTax and H&R Block products. These partnerships make it easier for members to file taxes without spending a fortune on professional services.
Convenient Tax Resources
PenFed’s online platform offers an intuitive way to access year-end tax summaries and critical forms. Whether you need a mortgage interest statement (Form 1098) or retirement distribution details (Form 1099-R), you can find everything in one place.
Tailored Financial Solutions
As a credit union, PenFed prioritizes member needs. With competitive rates on loans and savings accounts, PenFed supports financial stability throughout the year. During tax season, this translates into fewer headaches and more resources to navigate financial obligations.
Drawbacks of Using PenFed for Tax Resources
While PenFed offers several tax-related advantages, it’s important to consider the potential downsides:
- Limited Form Availability: Not all tax forms are provided. For example, PenFed does not issue forms for external financial transactions or accounts not tied to the credit union.
- Digital Dependence: Accessing tax statements requires internet connectivity and familiarity with PenFed’s online platform, which could pose challenges for less tech-savvy members.
Membership and Enrollment
Joining PenFed is straightforward. While it initially served military members, PenFed has since expanded its membership criteria. Today, anyone can join by opening a savings account with a minimum deposit of $5. Membership provides access to PenFed’s full suite of financial products, including loans, mortgages, and tax preparation benefits.
Our Final Thoughts
TurboTax’s 2026 discounts and PenFed’s exclusive member offers make tax season a little more manageable. Whether you’re filing a simple return or need advanced tools for a complex situation, these promotions provide valuable savings. PenFed’s resources, including access to year-end tax documents and tailored financial services, enhance the overall experience, making it a solid choice for anyone seeking support during tax season.