Update: I have updated this list for 2007 tax season. Go to TurboTax online deals for an updated version.
It is the tax time again and as usual I will be in search for discounts on tax preparation software. As with everything else I try to do the taxes myself. It helps me to understand better how the system works and to make smarter financial decisions down the road.
Since I love to do everything online some time back in 1998 I did a research on what online tax preparation is the best and TurboTax by Intuit came out the winner. Ever since I really don’t have much of a choice (not that I complain) since TurboTax saves my time by exporting the last year data to the new return application and I would hate to have to enter all of it again if I had to switch.
So I fired my favorite bargain hunting tool and did a search on TurboTax deals. Here is a roundup of what I found. Most of these deals are really promotions for customers of other services or programs but judging from the last year many will work even if you are not a customer (I will mention exceptions).
Important: Make sure to start and finish your application using the same link. The offer will not work if you go to TurboTax directly to continue the application you started using one of the links below.
|Turbotax promotion||Federal||State||Total cost (*)|
|Provided by USAA||20% off||20% off||Basic: $32.70
|Provided by Fidelity||35% off||None||Basic: $35.67
|Provided by Bank of America||25% off||None||Basic: $37.15
|State Farm customers:
logon to you account, look for
“FREE tax filing” on the left side.
|Provided by Vanguard
(Vanguard customers only)
|Provided by American Centrury
(American Century customers only)
|20% off||20% off||Basic: $35.67
|Provided by Comcast
(Comcast customers only)
|30% off||None||Basic: $36.42
(*)Total Cost assumes TurboTax prices before discount as follows: $14.95 - basic federal, $29.95 - deluxe federal, $25.95 - state
In addition Intuit is running a Free TurboTax promotion which is a whole different product. It is lacking many of the advanced features and will probably fit college students or other folks who are single and rent (vs own) their home. Click here to learn more about the limitations.
Do you know other TurboTax discounts? Add them in your comments.
Update 02/22: The price for online state tax return is now $29.95 (up from $25.95 at the time of writing this report)