Tax season is officially underway, and with the filing deadline of April 15th fast approaching, procrastinators are feeling the pressure. Beyond the potential for penalties, the cost of using tax preparation services tends to increase as the deadline nears. If you’re facing a complex tax situation – and let’s be honest, many of us are – now is the time to take action. TurboTax is currently offering a deal that could significantly reduce the burden, but it’s a limited-time offer.
For new customers, TurboTax is advertising its Expert Full Service option for a combined federal and state filing fee of $150. However, this price is only valid through March 18th. This service allows you to completely hand off your tax preparation to a local tax expert, a potentially valuable option for those with more complicated financial lives. But what does that service entail, and is it the right fit for you?
TurboTax offers three tiers of service to cater to different needs and comfort levels. The “DIY” option provides step-by-step guidance for self-filers. “Expert Assist” connects you with tax experts for help throughout the process, including a review before submission. The most comprehensive option, “Expert Full Service,” delegates the entire process to a qualified tax professional. According to TurboTax, federal pricing for Expert Full Service typically starts between $89 and $129, with the final cost dependent on the complexity of your return. State taxes add an additional $59 per state, making the $150 flat fee a potentially substantial savings for those with multiple states or complex forms.
The Expert Full Service option is particularly appealing for small business owners and individuals with intricate tax situations, such as those involving S Corporations, and partnerships. TurboTax states it will match you with a tax expert specializing in your industry to maximize potential deductions. You can choose to complete the process online or in person, with the expert handling all aspects of filing, including signing and submission. Notably, the $150 price is only charged after your taxes are filed.
However, there’s a key condition to this offer: it’s only available to customers who did not utilize a TurboTax expert for their 2024 personal tax return. If you didn’t use the service last year, you’re eligible for the discounted rate, which will be applied at checkout before 11:59 pm ET on March 18th. Those who don’t qualify will still see pricing based on the complexity of their tax forms and any applicable state fees.
Choosing the Right TurboTax Service Tier
Deciding which TurboTax service is best for you depends on your individual needs and comfort level. If you’re comfortable navigating the tax code and have a relatively simple return, the DIY option might suffice. For those seeking guidance and a safety net, Expert Assist offers a balance of support and control. But for those facing complex situations, or simply preferring to offload the responsibility entirely, Expert Full Service could be the most valuable option.
To take advantage of the $150 offer, begin the filing process with TurboTax Expert Full Service or select the “prefer to hand off to an expert” option when prompted. Eligibility will be determined at checkout.
If you’re still unsure about the best approach, TurboTax offers resources to help you decide. You can find guidance on important tax deadlines and explore their broader range of tax services. TurboTax similarly provides guides on paying taxes online and early tax refund options.
As the April 15th deadline looms, taking proactive steps to file your taxes can save you both money and stress. The TurboTax offer provides a potential avenue for simplifying the process, particularly for those with complex financial situations.
The IRS continues to monitor tax filing and refund processing, and taxpayers should be aware of potential delays or adjustments. Staying informed and acting promptly will ensure a smoother tax season.
