TaxAct Tax Software Review


Rating: 8.7 / 10 (Excellent)
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TaxAct was started in 1998 and is a tax preparation software available for download and online web-based format. It offers a simple to use, complete tax preparation software and provides a high degree of accuracy whilst promising a maximum refund guarantee. TaxAct comes in four major versions: Free, Plus, Freelancer, and Premium. Simple federal and state returns are free, while more complex federal returns start at $27. TaxAct also comes with alert systems to ensure error-free filling and maximize deductions.

Platforms

  • Cloud-based
  • Downloadable software

Online Versions

  • Free 
  • Plus
  • Freelancer
  • Premium

Plans and Features

TaxAct® Free Edition

  • Free to prepare, print, and e-file your federal & state returns.
  • Supports 1040 EZ/A income tax returns.
  • Takes you through your free return, step-by-step, asking you questions in plain English, and automatically completing the tax return forms for you.
  • Reviews your answers for errors, omissions, and valuable tax-saving opportunities, before you file your return.
  • A state return is included at no additional cost.
  • Free unlimited support online, by phone, or by chat.

TaxAct® Plus - $27 (State Additional - $37)

  • Prepare, print, and e-file your itemized federal returns.
  • Includes expert tax help and advice to find IRS tax deductions and credits.
  • Maximize your refund with access to more than 300 tax deductions and credits.
  • Use Donation Assistant® to track charitable donations and get audit backed values for over 1,300 items.
  • Free unlimited support online, by phone, or by chat.

TaxAct® Freelancer - $39 (State Additional - $37)

  • Prepare, print, and e-file your itemized federal returns including Schedule C.
  • Designed to give you the maximum tax benefit for business income, expenses, and depreciation.
  • Deduction Maximizer helps freelancers and independent contractors take advantage of commonly claimed deduction within their profession.
  • Includes expert tax help and advice to find IRS tax deductions and credits.
  • Maximize your refund with access to more than 300 tax deductions and credits.
  • Use Donation Assistant® to track charitable donations and get audit backed values for over 1,300 items.
  • Free unlimited support online, by phone, or by chat.

TaxAct® Premium - $51 (State Additional - $37)

  • Prepare, print, and e-file your itemized federal returns.
  • Includes expert tax help and advice to find IRS tax deductions and credits.
  • Maximize your refund with access to more than 300 tax deductions and credits; including business credits & deductions (Schedules C & F).
  • Use Donation Assistant® to track charitable donations and get audit backed values for over 1,300 items.
  • Easily import stock data or use Stock Assistant’s quick-entry tools to save time when recording capital gains.
  • Free unlimited support online, by phone, or by chat.
  • Includes Audit Protection for ultimate peace of mind.

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.   

  • Free Federal & State tax preparation for simple returns.
  • Paid Federal & State options for more complex returns.  

Data import

  • Previous year’s tax returns ($15 additional with free plan)
  • Company information
  • W-2 and 1099
  • Competitor PDF Import
  • Stock Import

Accuracy

  • 100% accuracy guarantee
  • Life events (Instantly change your status, personal information)
  • Tax review
  • Optional Audit Protection (Additional fee)

Refunds

  • Direct deposit to your bank account
  • Check refund
  • Use refund to pay for tax preparation services (Additional fee)

Support Services

  • Expert support available via phone or chat
  • Online FAQ and help topics

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 is its competitively priced products and its free Federal offer, which makes it a good choice for those on a budget. Those without prior tax preparation experience will be glad to know that the TaxAct offers excellent tax preparation resources such as videos and a knowledge base, to name a few. However, it could offer more in terms of discount assistance, and it’s better suited for users with simple to medium tax preparation needs.


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Our Partner
8.7 / 10
  • 100% accuracy guarantee
  • Low State Additional rates
  • Maximum refund guarantee
  • Free tax help and audit support
  • Maximize deductions for donations
  • Free simple and complex tax forms
  • Tax alerts