Over at Bogleheads we read:
Amazon 10% Fed refund bonus with TurboTax
8 posts • Page 1 of 1
Amazon 10% Fed refund bonus with TurboTax
by Watty » Fri Dec
27, 2013 12:20 pm
If you are expecting a large Federal refund this year then you might be interested in a promotion that is going on at Amazon. If you buy Turbo Tax there during the promotion and get your Federal refund as an Amazon Gift card then you can get a 10% bonus on that gift card. It looks like you can get up to a $1,000 bonus if you have a $10,000 federal refund for some reason.
As usual, please read all the fine print yourself.
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Joined: 10 Oct 2007
Re: Amazon 10% Fed refund bonus with TurboTax
by nordlead »
Fri Dec 27, 2013 12:32 pm
Interesting, as I could get myself $300 for free, but I don't know what I would do with $3.3k in gift cards.
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Joined: 12 Sep 2013
Re: Amazon 10% Fed refund bonus with TurboTax
by sscritic » Fri
Dec 27, 2013 12:37 pm
What is an e-card? You need five of them to get the full $10,000 on your $100,000 refund.
Amazon.com Gift Card offer is for federal refunds only. Limits apply ($2000 per e-card, maximum $10,000 per customer). Offer available only for TurboTax Online or CD/download versions sold and shipped, or downloaded directly from Intuit or Amazon.
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Re: Amazon 10% Fed refund bonus with TurboTax
by P&C
actuary » Fri Dec 27, 2013 12:42 pm
*Amazon.com Gift Card offer is for federal refunds only. Limits apply ($2000 per e-card, maximum $10,000 per customer). Offer available only for TurboTax Online or CD/download versions sold and shipped, or downloaded directly from Intuit or Amazon. See here for full details.
Limit is $2000 per e-card.
It says "directly from Intuit or Amazon". I wonder if the download through Vanguard would count.
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Joined: 19 Jul 2013
Re: Amazon 10% Fed refund bonus with TurboTax
by bsteiner »
Fri Dec 27, 2013 12:43 pm
Can I pay in my expected tax liability plus $10,000 on January 15th as an estimated tax payment, and then get my $10,000 refund in the form of an Amazon gift card?
How much could I sell my $11,000 Amazon gift card for on eBay?
This sounds a bit like buying a large quantity of forever stamps at 46 cents and trying to sell them when the rate goes up to 49 cents.
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Location: NYC
Re: Amazon 10% Fed refund bonus with TurboTax
by sscritic » Fri
Dec 27, 2013 12:53 pm
bsteiner wrote:Can I pay in my expected tax liability plus $10,000 on January 15th as an estimated tax payment, and then get my $10,000 refund in the form of an Amazon gift card?
How much could I sell my $11,000 Amazon gift card for on eBay?
This sounds a bit like buying a large quantity of forever stamps at 46 cents and trying to sell them when the rate goes up to 49 cents.
You should actually overpay by $15,000 so you can get your paper I bond with $5,000 and your Amazon gift card with the remaining $10,000. I wonder if TT and Amazon allow you to split your refund that way.
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Re: Amazon 10% Fed refund bonus with TurboTax
by Bungo » Fri
Dec 27, 2013 12:58 pm
I'm expecting a large refund this year, so it's a good deal in theory, but I don't want to spend it at Amazon.
However, thanks for providing the link, as I wasn't aware that TurboTax is significantly cheaper through Amazon vs. the Intuit web site, where I usually get it. For example, the Premier version is $69.99 vs. $89.99 at Intuit:
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Re: Amazon 10% Fed refund bonus with TurboTax
by denovo » Fri Dec 27, 2013 11:16 pm
Damn this looks good, but I don't spend that much money on Amazon!
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