TurboTax + Amazon = 10% Tax Refund Bonus

by Michael on Jan 7, 2014 · 4 comments

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Are you planning on using TurboTax to do your taxes this year? If so, this might be of interest…

Anyone who uses TurboTax to file their taxes can get up to 10% extra on their tax refund by electing to receive some (or all) of it in the form of an Amazon gift card. Not a bad deal if you’re an Amazon shopper.

Here’s the scoop:

Before you prepare to send your returns in the File section of TurboTax, you can choose to use part of your federal refund to purchase an Amazon.com Gift Card and get your bonus in just 3 simple steps:

  1. Choose any increment of $100 from your federal tax refund to purchase an Amazon.com Gift Card. The remainder of your refund will be deposited to your bank account.
  2. TurboTax will automatically give you an extra 5% or 10% on your e-gift card.
  3. As soon as your refund is available, we’ll email you your Amazon.com Gift Card claim code. There are NO fees and your gift card never expires.

The 5% vs. 10% thing depend on which version of TurboTax you’re using. It’s 5% for the Free and Basic editions, and 10% for Deluxe, Premier, and Home & Business editions. The Business edition doesn’t qualify for this offer.

And yes, this offer appears to be available for both TurboTax online and for the CD/download version. Here are some additional details from Amazon.

1 Money Beagle January 7, 2014 at 12:26 pm

That’s a pretty slick move. And honestly, who ISN’T an Amazon shopper these days?

2 Steve February 3, 2014 at 1:24 pm

Can you file an extension (Form 4868) with payment any time? And then use that money to get a huge rebate?

3 Michael February 3, 2014 at 2:23 pm

Great question. I actually do this to create an overage for buying extra I-Bonds with my tax refund. I’m not sure of the expiration date of this offer, so I’m not sure if it would work.

Something to consider: Yes, you get 10% extra, but only to the extent that you take your refund in the form of Amazon gift cards. While Amazon credit is pretty close to being cash in our household, I probably wouldn’t want a few grand sitting around in my account waiting to be used — even with the 10% bonus.

4 Steve February 3, 2014 at 2:45 pm

Yes, that’s what made me think of it.

I can’t find any expiration date, but I can’t find much fine print anywhere for this offer. Surely there’s more such print filed away somewhere beyond just “Amazon.com is not a sponsor of this promotion.[…]”

Personally, I wouldn’t go for a full $10,000 in Amazon gift cards, but right now it’s looking like my household will have a refund of around negative $500. 🙂

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