Current Tax Software Deals + Best Time To Buy Tax Software

Current tax software deals

Amazon has 50% off on H&R Block tax software

H&R Block 2022 Deluxe + State Tax  – $22.49
H&R Block 2022 Deluxe Tax – $17.49

If you buy (TurboTax Deluxe + state) at Sams or Costco (cost – $56), you will get $10 in-product for add-ons such as state e-filing or audit defense.

When is the best time to buy H&R Block and TurboTax Software? How much should you pay?

Like everyone, I don’t like doing my taxes. I procrastinate as long as I can before starting my tax return. I have realized over the years that the best tax software deals and discounts are all gone by the time I sit down to do my taxes.

  • When is the best time to buy H&R Block and TurboTax tax software?
  • What price is considered a good deal?

Let’s take a look at two popular tax products on the market – H&R Block and Turbo Tax and how their prices varied over the 6-month period from November 2021 to April 2022 (for the 2021 tax products).  The prices I looked at were for the 2021 tax year. The price history data I looked at is from Camelcamelcamel.com, which tracks Amazon prices for a product over time.

There are other websites that sell these software products too. I have assumed that since Amazon is a marketplace with many sellers, if other websites drop prices, Amazon will too, at least most of the time.

Let’s take a look at the data.

H&R Block

I looked at the price of the H&R Block Deluxe version since that seems to be the most widely used version.

H&R Block Federal Deluxe (no state tax included)

Lowest price – $17.49
Date of the lowest price – Nov 30, 2021

H&R Block Federal Deluxe + State Taxes

Lowest price – $22.49
Date of the lowest price – February 7, 2021

TurboTax

I looked at the price of the TurboTax Deluxe version since that seems to be the most widely used version among TurboTax products.

TurboTax Federal Deluxe (no state tax included)

Lowest price -$29.80
Date of the lowest price – January 20, 2021

TurboTax Federal Deluxe+ State

Lowest price – $39.99
Date of the lowest price – December 26, 2021

Conclusion

Taking a look at the data from 2021 tax season, it is clear that you should buy early. There are no good deals in March or April when most people are busy doing their taxes. The best deals are between November and January. Another thing that stands out is that TurboTax is priced significantly higher compared to H&R Block for a similar tier of software.

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