Do you buy and sell crypto on the Coinbase app or website? If so, don’t pay full price for TurboTax because you may get a special discount as a Coinbase customer!
Because Coinbase is a TurboTax partner, they often promote a special affiliate discount available through your Coinbase account during tax season. They also make it easy to invest your TurboTax federal refund directly into crypto.
Here is today’s featured discount on TurboTax (including Live!) plus how to save money filing your taxes with Coinbase and TurboTax.
Coinbase: TurboTax discount | Invest TurboTax refund
Does Coinbase Offer a TurboTax Discount?
Coinbase does offer a TurboTax discount for its customers online and through the app. For this tax year, Coinbase customers can receive a 10-20% discount on TurboTax Premium federal products that support cryptocurrency reporting.
To get the TurboTax discount on the Coinbase App:
- Open the Coinbase app
- Click the menu in the upper left
- Scroll down to Manage Account and choose “taxes“
- Scroll down below your estimated gains and click the TurboTax icon
- On the Coinbase splash page on turbotax.intuit.com click get started
You’ll automatically get a 20% discount on TurboTax online products including Premium and LIVE!
Tip: If you sold crypto last year, you’ll need to pony up for the TurboTax Premium Edition which supports cryptocurrency trading, staking rewards, and mining
How Coinbase Customers Can Get a TurboTax Discount
Coinbase often has pretty sweet deals for its users, including discounts on TurboTax to help with those crypto taxes. Keep an eye on your Coinbase account or emails from them during tax season, as they usually share discount codes or special offers there.
Also, checking out the Coinbase blog or help center can lead you to current promotions. Don’t forget to apply any code you find when you’re using TurboTax to snag that discount.
Tip: Always watch out for fake emails or links pretending to be from Coinbase or banks like Fidelity and Chase. Phishing scams are common during tax season, so only access your account directly through your app or coinbase.com.
Invest Your TurboTax Refund Into Crypto With Coinbase!
Millions of Americans will get a refund from the IRS this year, and TurboTax now offers an option to reinvest your tax refund directly into cryptocurrency through Coinbase. As a Coinbase customer, you can have your tax refund deposited into your Coinbase account in U.S. Dollars, giving you flexibility to decide if, when, and how to invest in over 100 cryptocurrencies.
How it works:
- Start your taxes from TurboTax’s special landing page to access the Coinbase option.
- Choose “direct deposit” for your refund.
- Select Coinbase as your deposit destination and confirm.
- Enter your Coinbase account details or set up direct deposit if not already configured.
If you have direct deposit set up with Coinbase, your refund will automatically convert to your preferred cryptocurrency unless you update your settings.
That’s it! While it might be intimidating for the average American to jump into crypto, Coinbase and TurboTax make it simple.
Not sure which crypto to buy? Consider just holding the funds in USD (instead of cash) and earn 4-5% interest. That’s much better than a checking or savings account!
Tip: When you do buy your first crypto, try toggling over to “Advanced Mode” in Coinbase for discounted trading fees. You can always toggle back afterwards.
Related: Fidelity clients and students may qualify for a special discount!
Conclusion:
Coinbase is one of numerous TurboTax partners that offer customers a special affiliate discount on TurboTax online products. Not only can you get a great discount buying TurboTax through your Coinbase account, but you can also invest your federal tax refund into crypto through the partnership between Coinbase and TurboTax.
I hope you have a lot of capital gains to report this tax season, and that Coinbase and TurboTax help you get every tax deduction possible.
Thanks for stopping by Pretty Sweet!