With taxes and returns right around the corner, Microsoft's latest promotion on Xbox One might just be one of the best excuses to pick up a new system if you're looking to dive in to the current generation of consoles.

Following a similar promotion from Sony that debuted earlier this week, Microsoft is currently offering a new promotion on Xbox One consoles and bundles by dropping the price down, starting at $249.99.

Bringing the price of the system down by $50, the new promotion is applicable on all Xbox One and Xbox One S consoles and bundles at retail and online, with the only exclusion being used/refurbished systems.

The spring promotion for new Xbox One consoles and bundles is currently running now through February 25th, 2017 - for a closer look at eligible bundles and to see where you can grab them, you can click here to head over to the Xbox store page.