Since 1971 Charles Schwab has offered a range of banking, brokerage, and financial advisory services to help clients build and manage wealth. Schwab’s recent acquisition of TD Ameritrade has made them one of the biggest banking institutions in America with trillions of dollars of assets.
Speaking of managing wealth, many banks offer their clients exclusive discounts including online shopping, travel, and tax software including TurboTax. So, does Charles Schwab currently offer a TurboTax discount?
Here’s the best promotion now, plus how to find the Schwab TurboTax offer, if available.
Does Charles Schwab Offer a TurboTax Discount?
If you’re a Charles Schwab customer and gearing up for tax season, you might be wondering whether Schwab partners with TurboTax to offer a special discount. The short answer is, yes, they usually do! Schwab clients can often take advantage of promotional TurboTax pricing which is usually 10-20% off TurboTax products here. Discount not available right now? That’s OK, you can get the same savings here, and you don’t even have to be a Schwab customer.
This discount can make filing your taxes more affordable, especially if you have investment income or complex returns with dividends and capital gains. It’s a nice perk that many investors don’t realize is available through Schwab’s benefits and partnerships for tax-filing software.
When you’re ready to file, check Schwab’s client benefits page or your account dashboard around tax season for the most current TurboTax promo links and codes. These offers change year to year during tax season, but Schwab generally provides ways to help you save on popular tax prep tools like TurboTax and TaxAct.
If you aren’t currently a Schwab customer or can’t find the TurboTax discount, other banks like Coinbase, Chase, BoA, and Fidelity have similar offers.
Tip: Are you happy with Charles Schwab? If so, consider referring a friend for up to a $1000 bonus. Learn more
Can TurboTax Import Tax Info From Charles Schwab?
Yes, TurboTax can pull your investment tax forms from Charles Schwab directly into your return, and that’s a huge time saver. TurboTax supports importing your 1099 forms (like 1099-DIV for dividends, 1099-INT for interest, and 1099-B for stock sales) from Schwab by securely connecting to your brokerage account. FinancialContent
Here’s how to import your Schwab info to TurboTax:
- Login and start your TurboTax return
- Be sure to apply a discount!
- Navigate to the section for Investment Income or Stocks, Mutual Funds, Bonds, Other
- Choose the option to import from a financial institution
- Search for “Charles Schwab,” and log in with your Schwab credentials when prompted.
- TurboTax will fetch your tax data and fill in the appropriate forms so you don’t have to enter everything manually
A couple of tips: make sure your Schwab tax documents (like consolidated 1099s) are available for the tax year, and try importing after mid-February when most brokerage firms release their tax files. If the import doesn’t work or you see missing data, you can download a TXF file from Schwab and upload it into TurboTax yourself
Conclusion:
While the import process generally works smoothly, some users report occasional hiccups, like blank imports or connection issues, especially early in the season before all 1099 files are ready. Others have trouble applying the Schwab TurboTax discount. Most Schwab customers fix this by logging out of TurboTax and clicking the promotional link again to apply discount pricing.
Overall, between potential TurboTax discounts and the ability to import your Schwab tax info securely and automatically, Charles Schwab customers have convenient tools at their disposal to make tax season less stressful. I mean, death and taxes might be unavoidable, but at least we can help save you some money on tax software. Thanks for visiting MightyTaxes!