Members at Costco have access to huge discounts, including TurboTax. The real question is this: is the TurboTax Costco discount bigger in stores or online?

When you walk through Costco this time of year, you’re probably going to see the physical TurboTax product that you can install on your computer. 

Let’s break down the differences between the Costco TurboTax physical product and the online Turbo Tax offers available to everyone. (Currently it’s up to $20 off

Costco TurboTax: Physical Product Review

I have family members who continue to buy TurboTax at big box retailers like Costco.  I’ve asked them why they prefer this method and the top reasons include:

  • Prefer to store previous tax returns on my physical computer and work on it without needing wifi access.
  • I was at the store anyways (reminded of it this time of year)
  • “It was on sale” Sometimes you can find Costco TurboTax Coupons in the sales paper or flyers.

There’s nothing wrong with these reasons for buying the physical TurboTax product from a store like Costco. 

But before you make a decision to rush out to Costco, consider the price of TurboTax in stores and online.

TurboTax Discount

You’ll notice the chart below comparing the price of TurboTax online vs the physical product you’ll find in stores. This comparison uses the coupon listed below. It applies a $10 to $20 discount on the available Turbo Tax products, so use the coupon below when comparing the physical vs online versions.

$10-$20 OFF

TurboTax: $10-$20 Off Eligible for: Deluxe, Premier and Self Employed

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TurboTax Costco Price vs Online

Let’s compare the cost of the physical TurboTax software from Costco to the online version. For comparison’s sake, we’ll compare the price using the latest TurboTax coupon (applied here).

TurboTax Deluxe Online: $30 (with discount)TurboTax Premier Online: $55 (with discount)
TurboTax Deluxe Costco: $39.99TurboTax Premier Costco: $54.99

Normally the TurboTax Costco price is at or slightly below the online discount. But as you can compare, the deluxe edition is currently cheaper when you purchase it directly online, but the premier version is a penny cheaper when you buy in the store at Costco!

These prices are always fluctuating and these prices are updated as of January 2020. But it’s a good reminder that it always pays to check the price of TurboTax online and in the stores to compare each deal!

turbotax costco

Benefits of TurboTax Online 

turbotax coupon

The online version of TurboTax may be easier than you think! Here are some of the benefits of using TurboTax online instead of a physical product.

Online Discounts on Pricing: TurboTax is known for running promotional discounts from January through April.  The current discount is up to $20 off TurboTax and brings the price of Turbo Tax Deluxe to $30.  

Convenience and Security: Using TurboTax online is convenient because you can quickly save and access your tax return anywhere.  No worrying about hitting save on your computer or worrying about harddrive issues. Your tax return is safely prepared and securely stored on the TurboTax servers.

Free File Online: Did you know that a lot of people are eligible for free file? If you have a simple tax return, you don’t even need to purchase TurboTax from Costco! Use the free file version to file your Federal Taxes for free.

$10-$20 OFF

TurboTax: $10-$20 Off Eligible for: Deluxe, Premier and Self Employed

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If you’re on the fence about the online TurboTax version or buying TurboTax at Costco, I would encourage you to compare price, convenience, and to figure out which TurboTax product is right for you.

The last thing you want to do is to buy one version of TurboTax at Costco and have to return it because you needed the premier version.  

With the online TurboTax platform, you can quickly change your package to the different levels based on your needs.  

Next Steps:

  1. Compare the TurboTax Costco prices to the current online offers at TurboTax
  2. Determine which version you need.
  3. Commit to online or physical product and file!

Personally, I recommend filing online because of the convenience and flexibility to choose different packages if needed. 

I hope you found this review to be helpful!

Whether you need the TurboTax Deluxe 2020 Costco edition or the Costco Turbotax premier 2020 edition, reference this page to compare the best deals online and in store!