Tax Tips to Maximize Your Refund with Academy Bank and TurboTax

As tax season approaches, many people feel a mix of anticipation and anxiety. Whether you're hoping for a sizable tax refund or strategizing to minimize what you owe, preparing your taxes can feel overwhelming. But it doesn’t have to be that way.

Academy Bank has partnered with TurboTax to simplify the process and help you get the most out of your tax return—all while offering a 10% discount on TurboTax federal products when you sign up through us. Keep reading to learn how you can maximize your refund, reduce stress, and take advantage of this exclusive offer.

Academy Bank and TurboTax Are Teaming Up

Tax season is stressful enough without worrying about complicated forms, confusing deductions, and missed opportunities for savings. That’s where TurboTax comes in. Known for its user-friendly platform and expert guidance, TurboTax allows you to file your taxes confidently and efficiently.

When you file through Academy Bank's online banking, you’ll receive a 10% discount on TurboTax federal products. But this partnership offers more than just savings. With TurboTax, you can choose how you file:

• Do it yourself: Perfect for confident filers who prefer to handle their taxes independently.
• Get expert help as you file: Ideal if you want reassurance and support along the way.
• Have an expert do your taxes for you: For those who prefer to hand off the task entirely to a professional.

No matter which option you choose, you’ll benefit from intuitive tools designed to help you uncover every deduction and credit you qualify for, ensuring you get your maximum refund.

Key Tax Tips to Maximize Your Refund

Now that you know how Academy Bank and TurboTax can simplify the filing process, let’s talk strategy. Here are some tips to help you get the biggest possible tax refund this tax season.

1. Gather All Your Documents Early

Organization is the first step to a stress-free tax season. Make sure you have all necessary documents, including W-2s, 1099s, mortgage interest statements, and any receipts related to deductions or credits. Starting early gives you time to track down missing paperwork and avoid last-minute scrambling.

2. Take Advantage of Deductions and Credits

Deductions reduce your taxable income, while credits reduce your tax bill dollar-for-dollar. Common deductions include student loan interest, mortgage interest, and retirement contributions. Don’t overlook credits like the Earned Income Tax Credit (EITC), Child Tax Credit, and education credits.

TurboTax helps identify deductions and credits you might miss on your own, ensuring you don’t leave money on the table.

3. Contribute to Retirement Accounts

Contributions to traditional IRAs and 401(k) retirement accounts can reduce your taxable income, potentially lowering your tax bill. You have until the tax filing deadline to make contributions for the previous tax year, so there’s still time to boost your savings and your refund.

4. Review Last Year’s Tax Return

Your previous tax return can provide valuable insights—it’s the unsung hero for tax filing. Look for deductions or credits you claimed last year that might apply again, and check for any carryover items, like capital losses or unused education credits.

5. Consider Itemizing Deductions

While many taxpayers opt for the standard deduction, itemizing can lead to greater savings if your eligible expenses exceed the standard amount. Expenses such as medical bills, charitable donations, and state and local taxes can add up.

TurboTax makes it easy to compare both methods, ensuring you choose the option that maximizes your refund.

How the Exclusive 10% TurboTax Discount Works

Academy Bank clients receive an exclusive 10% discount on TurboTax federal products. Here’s how to take advantage of this offer:

1. Log into Academy Bank's online banking portal.
2. Follow the TurboTax link provided (available in online banking).
3. Choose your preferred TurboTax product.
4. Enjoy a 10% discount automatically applied at checkout!

It’s that simple. Plus, you’ll have access to TurboTax’s robust support options, from self-guided tools to live expert assistance.

Benefits of Filing Early

Filing your taxes early comes with several advantages that can make the process less stressful and more rewarding.

For starters, submitting your tax return ahead of the deadline often results in faster refunds, particularly if you choose direct deposit. This means you can access your money sooner to pay off bills, save, or invest.

Additionally, early filing helps protect against tax fraud, as it reduces the window of opportunity for someone to fraudulently submit a return in your name using stolen information. Finally, even if you owe taxes, filing early gives you more time to budget and plan your payment before the due date, reducing the financial pressure as the deadline approaches.

Maximize Your Refund with Academy Bank and TurboTax

Tax season doesn’t have to be overwhelming. With Academy Bank and TurboTax, you can file your taxes with confidence, knowing you’re getting every deduction and credit you deserve. Plus, with an exclusive 10% discount on TurboTax federal products, you’ll save money while maximizing your refund.

At Academy Bank, we’re more than just a place to manage your money—we’re your partner in financial success. Our collaboration with TurboTax is just one of the ways we support your financial well-being, offering tools and resources that help you make informed decisions year-round.

When you bank with us, you have access to personalized financial services, from checking and savings accounts to loans and investment guidance. Our goal is to make managing your finances simple, secure, and stress-free.

Don’t wait until the last minute to file your taxes. Log into your online banking account today to get started with TurboTax. Let’s make this tax season your most successful one yet!

MORE TAX SEASON RESOURCES:
Best Tax Calculators
Prevent Fraud During Tax Season
Common Tax Filing Mistakes
Build Credit with a Tax Refund
Understanding Taxes for Self-Employed