How to score an extra 10 percent on top of your tax refund
Typically, when things sound too good to be true, there’s a catch. But not this time.
There’s an easy, effortless way to get an additional 5 to 10 percent, on top of your tax return this year: It’s called TurboTax Refund Bonus Program.
Here’s how you can get this extra money on top of your tax refund.
1. Do your taxes with TurboTax. This is an easy, inexpensive (free for simple federal tax returns) way to file taxes that will not only take the stress out of tax season, but also get your maximum tax refund.
2. At the end of your tax-filing process, you will be given the option to to use a portion of your federal tax refund in increments of $100 to buy an Amazon.com gift card. If you select to do this, TurboTax will give you an extra 5 to 10 percent on top of your tax refund depending on which TurboTax edition you use. For example, if you use TurboTax Deluxe, you can use $500 of your tax refund and receive a $550 Amazon.com gift card.
“We’re trying to give back to people,” says Lisa Greene-Lewis, CPA with TurboTax. “We know they work hard for their money, and we are just trying to give them some extra money in their pocket.”
3. The percentage you get back depends on which TurboTax edition you use. If you are using the TurboTax free or basic edition, you get 5 percent extra back. If you are using TurboTax Deluxe, TurboTax Premier, TurboTax Home and Business or TurboTax Military Edition, you can get the maximum 10 percent back.
The free edition is made for people who have simple tax situations. TurboTax Premier is designed for those who have rental property and investments, Home and Business is designed for people who have a home business and file a schedule C. Deluxe is ideal for people who itemize their deductions and own a home.
“We have the different products to make sure people get every tax deduction and credit they’re eligible for,” Greene-Lewis says.
Not sure which product to pick? TurboTax will ask you a series of simple questions about your life and career and tell you which product to select, based on your unique situation. This speeds up the filing process, because you will only need to go through questions that apply to your life, not a bunch of questions that don’t relate.
Looking for another great offer to help with your taxes?
TurboTax also offers the “best free offer out there,” says Greene-Lewis. People with simple tax situations can file their federal income taxes for free, using the TurboTax simple online process. Just answer a few questions and you can file your simple federal tax return for free.
The free federal edition also allows you to transfer last year’s TurboTax return info and automatically import W-2 data. Use this with the Amazon card offer and you can get an extra 5 percent back — for free.