Your Credit Card Can Help You Save on Tax Prep. These Are the Offers Available Right Now

Preparing your tax return can get costly. Some popular tax software programs cost upwards of $50 to file a federal return, plus additional fees for filing state taxes. But your credit card may help you save $20 or more on tax prep this year. 

If you have a relatively simple return, you can save money by using online tax software. And you might be able to save even more thanks to credit card and other discounts available this tax season.  

To help you get the best deal on your tax software costs, we reached out to several credit card issuers and online savings aggregators to compile a list of currently available offers. Here’s what we found, and what you need to know before you enroll.

As these offers change, or more issuers respond, this page will be updated.

What to Know About Tax Prep Savings

There are a few stipulations to keep in mind if you want to save on tax prep using your credit card or an online savings deal. Because they’re often targeted offers, these deals can vary by issuer and even by account. They may be different depending on your specific card, spending habits, and other factors.  

You might need to enroll in the deal through your account, and may even need to click through a portal to make your purchase. For example, you can enroll in an Amex Offer by logging into the mobile app and linking to your eligible card. But some offers from Citi require you click through your card account to an affiliate site where the offer lives.

Another factor to consider is the expiration dates of available deals. Even though Tax Day is on April 18 this year, some offers may only be available through March, meaning you’ll need to file your return early to qualify for the savings. And the IRS recommends filing your return early this year anyway, due to expected processing delays. 

Here’s a rundown of all the tax prep software deals we know of so far, and a few more expert tips for saving on your tax return preparation this year.

Credit Card Issuers With Tax Software Deals

American Express

American Express cardholders can save on three popular tax software programs this season. First, you can get 5 Membership Rewards® points per eligible dollar spent when you file through TaxAct. You can earn up to 2,000 points, and the offer expires June 30, 2022. You may also be eligible for 30% back on purchases with TaxAct, up to $60 in purchases through April 18, 2022.  

If you use TurboTax to file, you can get $10 off your purchase if you spend $50 or more, and $20 off if you spend $90 or more. These offers expire on April 18, 2022.

Lastly, you can save on H&R Block tax prep with $10 off your purchase of $30 or more. This offer expires on April 30, 2022. 

Bank of America 

Get $5 off a single TurboTax purchase of $35 or more with your Bank of America card. You also may qualify to get up to $10 in instant savings with select TurboTax software — $5 off TurboTax Deluxe and $10 off TurboTax Premier.

You can access both deals by enrolling using your Bank of America app, then navigate to Bank of America’s TurboTax affiliate website. You must use your eligible card to get the deal, and it expires on April 18, 2022.

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