TaxAct Prices

About TaxAct

What is TaxAct?

TaxAct is a popular tax preparation software that provides individuals and businesses with a user-friendly platform for preparing and filing their federal and state tax returns. It offers a range of features to help taxpayers maximize deductions, credits, and refunds, making the tax filing process more efficient and accurate.

How does TaxAct work?

TaxAct works by guiding users through a series of questions and prompts to collect relevant financial information. It then uses this data to automatically calculate tax liabilities, deductions, and credits. Users can input their information manually or import data from previous tax returns. TaxAct also provides e-filing options for sending completed returns to the IRS and state tax authorities.

Is TaxAct free to use?

TaxAct offers both free and paid versions. The free version is suitable for simple tax returns and provides basic tax-filing features. However, more complex tax situations may require the use of one of TaxAct's paid editions, which come with additional features and support for various tax forms and schedules.

What are the different versions or editions of TaxAct?

TaxAct offers several editions, including Free Edition, Deluxe Edition, Premier Edition, and Self-Employed Edition. Each edition caters to different tax situations, from basic individual returns to more complex scenarios involving investments, rental income, and self-employment.

Is TaxAct suitable for individuals and businesses?

Yes, TaxAct offers editions suitable for both individuals and businesses. Whether you're a freelancer, small business owner, or an individual taxpayer, TaxAct has options to accommodate your needs.

Can I use TaxAct for filing my federal taxes?

Absolutely, TaxAct allows users to file their federal tax returns with ease. It provides comprehensive support for a wide range of federal tax forms and schedules.

Does TaxAct support state tax filing?

Yes, TaxAct supports state tax filing for all 50 U.S. states. Users can file both their federal and state taxes using the software, and it automatically transfers relevant information between the two returns to save time.

Is TaxAct user-friendly for beginners?

TaxAct is designed to be user-friendly, with an intuitive interface and step-by-step guidance. It's suitable for individuals with varying levels of tax knowledge, from beginners to more experienced filers.

Can I import my previous year's tax return into TaxAct?

Yes, you can import your previous year's tax return into TaxAct, and there's generally no specific limit on how many years you can do this. Most tax preparation software, including TaxAct, allows you to import returns from the past three to five years. It's recommended to keep copies of your past returns for at least three years, as per IRS guidelines, for reference and audit purposes.

Does TaxAct offer a mobile app for tax filing?

Yes, TaxAct provides a mobile app that allows users to prepare and file their taxes on the go, making it convenient for those who prefer to use their smartphones or tablets.

Can TaxAct help with self-employment and freelance income?

TaxAct offers support for self-employment and freelance income, including tools for calculating business-related deductions and credits, making it a suitable choice for freelancers and small business owners.

Is there a maximum income limit for using TaxAct?

TaxAct does not have a maximum income limit for using its software. It can accommodate a wide range of income levels and tax situations.

Does TaxAct provide audit support or protection?

TaxAct offers audit support services that can help users navigate an IRS audit if they're ever selected. Additionally, some TaxAct editions may include additional audit protection options for added peace of mind. Be sure to review the specific edition details for more information.

How much does TaxAct charge for their services?

TaxAct offers a range of pricing tiers to accommodate various tax needs. Please note that prices can vary depending on the tax season and any ongoing promotions. Here's an estimated breakdown of their pricing categories:

Free Edition

This is typically suitable for simple tax returns with basic income sources and no complex deductions. Estimated cost: Free.

Basic Edition

Basic support for straightforward tax returns. Estimated cost: Starts at around $24.95.

Deluxe Edition

Offers more advanced features, including itemized deductions. Estimated cost: Starts at around $34.95.

Premier Edition

Designed for investments and rental property owners. Estimated cost: Starts at around $44.95.

Self-Employed Edition

Tailored for freelancers and small business owners. Estimated cost: Starts at around $64.95.

Business Edition

Specifically for business tax needs. Estimated cost: Prices may vary, so check with TaxAct for details.

What are the business hours of TaxAct?

TaxAct's customer support hours may vary during the tax season and throughout the year. They often extend their hours during peak tax filing periods. 

Monday to Friday: 8:00 AM to 10:00 PM (Eastern Time)

Saturday: 9:00 AM to 5:00 PM (Eastern Time)

Sunday: 9:00 AM to 5:00 PM (Eastern Time)

However, please note that these hours can change, and it's best to visit the TaxAct website or contact their customer support for the most up-to-date information on their business hours.

Who are the competitors of TaxAct?

FreeTaxUSA

FreeTaxUSA is an online tax preparation service that specializes in providing free federal tax filing for eligible taxpayers. They offer a straightforward platform where users can prepare and file their federal tax returns at no cost, though they may charge a fee for state tax filing. FreeTaxUSA is known for its simplicity and affordability, making it a popular choice for those with straightforward tax situations. While they provide free filing, users can also opt for additional services like priority support or access to prior-year tax returns for a fee.

H&R Block

H&R Block is a prominent tax preparation company known for its nationwide network of physical tax offices and user-friendly online tax software. They offer a wide range of tax services, from simple individual tax returns to more complex situations, including self-employment and small business taxes. With experienced tax professionals and a user-friendly digital platform, H&R Block provides customers with options for in-person or online tax preparation. They also offer services like refund advances and audit support, making them a comprehensive solution for individuals and businesses during tax season.

TurboTax

TurboTax is a well-known online tax preparation service offered by Intuit. It provides users with an intuitive platform to prepare and file their federal and state tax returns. TurboTax guides taxpayers through the process, offering a range of packages tailored to different tax situations, from basic returns to those involving investments or self-employment income. TurboTax is especially known for its user-friendly interface, live customer support, and a robust knowledge base that helps users maximize their deductions and credits.

Liberty Tax

Liberty Tax is a tax preparation company with a significant presence across the United States. They offer in-person tax services through their physical offices, as well as online tax preparation options. Liberty Tax provides assistance with various tax needs, including individual tax returns, business taxes, and more complex financial situations. They pride themselves on their customer service and the ability to address clients' tax concerns effectively. Liberty Tax also offers services like refund advances and audit assistance to enhance their customers' experience during tax season.

Category Tax Services