Fidelity Free Turbotax 2019

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LiveSimple
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Fidelity Free Turbotax 2019

Post by LiveSimple » Wed Nov 06, 2019 8:40 pm

Anyone see the Fidelity Free Turbotax 2019 in their account ?

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FiveK
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Re: Fidelity Free Turbotax 2019

Post by FiveK » Wed Nov 06, 2019 11:50 pm

Last year Fidelity free Turbotax became available around Dec. 18.

PatrickA5
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Re: Fidelity Free Turbotax 2019

Post by PatrickA5 » Wed Nov 06, 2019 11:56 pm

New to Fidelity. Will this come with a free state download, or is this freebie just Federal?

marcopolo
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Re: Fidelity Free Turbotax 2019

Post by marcopolo » Thu Nov 07, 2019 12:00 am

PatrickA5 wrote:
Wed Nov 06, 2019 11:56 pm
New to Fidelity. Will this come with a free state download, or is this freebie just Federal?
It is the full blown Premier version of TurboTax, which comes with 1 state free download, but not state e-filing fees, if your state has one.

Just be aware that not everyone seems to get it. There have been numerous threads about it, but I don't think anyone has been able to definitively determine what the criteria is to receive the offer.
Once in a while you get shown the light, in the strangest of places if you look at it right.

stlutz
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Re: Fidelity Free Turbotax 2019

Post by stlutz » Thu Nov 07, 2019 12:19 am

That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.

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HueyLD
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Re: Fidelity Free Turbotax 2019

Post by HueyLD » Thu Nov 07, 2019 5:18 am

I have an educated guess on the availability of free 2019 TT from Fido.

Due to substantial reduction in revenues from all the zeros, Fido may curtail the free TT offer for year 2019. My guess is that only those with $5M+ or those who have generated certain revenue levels are likely to get such an offer.

But the above is only my educated guess.

And heck the vast majority of BHs can afford any retail tax software.

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RickBoglehead
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Re: Fidelity Free Turbotax 2019

Post by RickBoglehead » Thu Nov 07, 2019 6:25 am

stlutz wrote:
Thu Nov 07, 2019 12:19 am
That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
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yohac
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Re: Fidelity Free Turbotax 2019

Post by yohac » Thu Nov 07, 2019 6:33 am

stlutz wrote:
Thu Nov 07, 2019 12:19 am
That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
Vanguard simplified it a few years back.

The formula = Nobody

TheOscarGuy
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Re: Fidelity Free Turbotax 2019

Post by TheOscarGuy » Thu Nov 07, 2019 6:40 am

stlutz wrote:
Thu Nov 07, 2019 12:19 am
That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
:happy I know what you mean, I tried a few times and gave up as the offer didnt show up for me.

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HueyLD
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Re: Fidelity Free Turbotax 2019

Post by HueyLD » Thu Nov 07, 2019 7:14 am

TheOscarGuy wrote:
Thu Nov 07, 2019 6:40 am
stlutz wrote:
Thu Nov 07, 2019 12:19 am
That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
:happy I know what you mean, I tried a few times and gave up as the offer didnt show up for me.
Did you call your a fidelity rep to ask for it? A friend of mine called and the TT link showed up within a week.

Vanguard Fan 1367
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Re: Fidelity Free Turbotax 2019

Post by Vanguard Fan 1367 » Thu Nov 07, 2019 3:46 pm

HueyLD wrote:
Thu Nov 07, 2019 5:18 am
I have an educated guess on the availability of free 2019 TT from Fido.

Due to substantial reduction in revenues from all the zeros, Fido may curtail the free TT offer for year 2019. My guess is that only those with $5M+ or those who have generated certain revenue levels are likely to get such an offer.

But the above is only my educated guess.

And heck the vast majority of BHs can afford any retail tax software.
Good point about the retail tax software. It is affordable. Before the Great Recession I made the effort to become Vanguard Flagship so that I could enjoy the free TurboTax plus other benefits they offered at that time. Boglehead thinking has given me more to invest because of making saving money and investing the savings a priority.

protagonist
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Re: Fidelity Free Turbotax 2019

Post by protagonist » Thu Nov 07, 2019 4:17 pm

HueyLD wrote:
Thu Nov 07, 2019 5:18 am
My guess is that only those with $5M+ or those who have generated certain revenue levels are likely to get such an offer.

This makes me laugh.
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.

Gryphon
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Re: Fidelity Free Turbotax 2019

Post by Gryphon » Thu Nov 07, 2019 8:26 pm

protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.

RudyS
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Re: Fidelity Free Turbotax 2019

Post by RudyS » Thu Nov 07, 2019 10:21 pm

Gryphon wrote:
Thu Nov 07, 2019 8:26 pm
protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.
+1

Vanguard Fan 1367
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Re: Fidelity Free Turbotax 2019

Post by Vanguard Fan 1367 » Thu Nov 07, 2019 11:42 pm

Gryphon wrote:
Thu Nov 07, 2019 8:26 pm
protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.
Good point. Someone has well said that we all have MMFI stamped on our foreheads. (Make me feel important.)

Folks got unhappy when Vanguard cut back on what they do for their Flagship customers. It sort of made me feel unimportant.

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whodidntante
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Re: Fidelity Free Turbotax 2019

Post by whodidntante » Fri Nov 08, 2019 12:21 am

Gryphon wrote:
Thu Nov 07, 2019 8:26 pm
protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.
Plus you can wave it around and make the Vanguard fan club pretend they don't care.

ARoseByAnyOtherName
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Re: Fidelity Free Turbotax 2019

Post by ARoseByAnyOtherName » Fri Nov 08, 2019 9:43 pm

Gryphon wrote:
Thu Nov 07, 2019 8:26 pm
protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.
The best ego boost, though, is getting something for free that others have to pay for.... and then not using it :D

J295
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Re: Fidelity Free Turbotax 2019

Post by J295 » Fri Nov 08, 2019 10:50 pm

We were reimbursed for it the last few years (I would buy it online and then ask our designated representative, who I’ve never met, but appears on my online screen as a point of contact, for reimbursement). We were informed that it would be the last time we would receive it. That’s OK, but I did like saving the money… As a data point, my wife and I have been customers for nearly 40 years, having a reasonably portfolio there, and my former firm has the 401(k) there.

danaht
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Re: Fidelity Free Turbotax 2019

Post by danaht » Sat Nov 09, 2019 9:22 am

yohac wrote:
Thu Nov 07, 2019 6:33 am
stlutz wrote:
Thu Nov 07, 2019 12:19 am
That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
Vanguard simplified it a few years back.

The formula = Nobody
I think that will happen with Fidelity for the 2019 year. With the addition of free stock commissions now - they are probably not going to make as much with this "active trader" group - and thus can not justify the usual perks like free Turbo Tax. I will be surprised if Fidelity still offers this. So, I am prepared to buy Turbo Tax - but will probably wait until late February to see what Fidelity is doing.

protagonist
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Re: Fidelity Free Turbotax 2019

Post by protagonist » Sat Nov 09, 2019 10:22 am

RudyS wrote:
Thu Nov 07, 2019 10:21 pm
Gryphon wrote:
Thu Nov 07, 2019 8:26 pm
protagonist wrote:
Thu Nov 07, 2019 4:17 pm
I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk.
Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that others have to pay for. These little perks can have an emotional impact that outweighs the financial benefit, increasing customer loyalty.
+1
Yes, I see that. And I get it. The flip side...it can be infuriating when you get overcharged a dollar for something, you don't notice it in time, and feel cheated, for example. But you will happily pay an extra few hundred dollars for a car or a few thousand extra for a house. Weird. I try to approach these trivial things (like Fidelity's marketing strategy) with a sense of humor.
The human psyche works in bizarre and mysterious ways.
Victoria (behavioral finance expert) would probably have a lot to add on this subject.

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