TaxACT Tax Software Review

#3 in Tax Preparation Software

 

TaxACT was started in 1998 and is a tax preparation software available for download, CD and online web-based format. It offers a simple to use, complete tax preparation software and provides a high degree of accuracy whilst promising maximum deductions guarantee. TaxACT comes in three major versions, Free, Deluxe and Ultimate Bundle. Federal returns are free while state returns are charged $14.99 each. TaxACT also comes with alert systems to ensure error-free filling and maximize deductions.

 

Platforms

Cloud-based

CD or download

Software

 

Versions

Free

Deluxe

Ultimate Bundle

 

Plans and Features

Free Federal

  • Prepare, print and E-file simple and complex returns
  • Maximum refund guaranteed
  • 100% accuracy guaranteed
  • 1040, 1040A, 1040EZ and other IRS forms
  • Covers all filling statuses and life situations
  • Independent contractors, freelancers, small business contractors, investors, etc.
  • TaxACT answer center for personalized support
  • Receive help via phone for a one-time fee of $7.99 (entire tax year)

*** Plus $14.99 – State Additional

 

Deluxe Federal ($12.99)

  • All free federal features
  • Import prior TaxACT year data
  • Donation Assistant - maximize donations for bigger savings
  • Life changes
  • Multiple import options – save digital copies (W-2, 1099s and other tax documents)
  • HealthWatch – Affordable Care Act tax laws
  • TaxACT bookmarks
  • Stock assistant – get a summary of your investment income
  • Multiple refund options – direct deposit, US Saving bonds, prepaid Visa (debit card)
  • FAFSA assistance

*** Plus $5 – State Additional

 

Ultimate Bundle

Deluxe (Federal) + State

  • Online, download or CD
  • TaxACT Deluxe
  • TaxACT State 1040
  • Prepare and print unlimited returns
  • Up to 5 Federal e-files

 

State Additional

  • Transfer federal forms to state automatically
  • Maximize deductions and credits for refunds
  • Fast refunds with e-file
  • Personalized free help, video tutorials, contact experts by mail free
  • TaxACT State 1040 covers all income-taxing and part year/ non-resident states
  • 100% accuracy guarantee

 

Features

TaxACT services are fairly easy to use making it simple even for those without prior tax preparation experience. Users are presented with an interview type format letting them enter specific information through a step by step process. State specific tax information is available and support services are available for help during tax preparation process.   

 

Federal Tax Preparation (Free)

State (additional fees required)

 

Data import

  • Previous year’s tax returns
  • Company information
  • W-2 and 1099

 

Accuracy

  • 100% accuracy guarantee
  • Life events (instantly change your status, personal information)
  • Tax review
  • Professional/ auditor tax preparation assistance

 

Refunds

  • Direct deposit to your bank account
  • Check refund
  • Use deductions to pay for tax preparation services

 

Support Services

Expert support available

Hotlines

Live chat support

Email

 

TaxACT Tax Preparation Software Summary

TaxACT is a good tax preparation service that offers solid functionality coupled with an easy to use interface. Another plus for TaxACT services is its competitively priced products and of course it Free Federal offer that makes it a good choice for those on a budget. Those without prior tax preparation experience would be glad to know that the TaxACT offers excellent tax preparation resources such as videos and knowledgebase to name a few. However, it does not offer much in terms of discount assistance and generally more suited for users with simple to medium tax preparation needs.   

 

 

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