Home » Business Tax Software » TaxAct
TaxAct is a tax preparation software designed to make filing easier for both individuals and businesses. It provides step-by-step guidance, accurate calculations, and built-in error checks to help users avoid costly mistakes.
With options for federal and state returns, it also supports small business owners, freelancers, and corporations. Its user-friendly platform, affordability, and reliable support make it a practical choice for efficient tax management.
| Plan Type | Price (Online) | Key Inclusions |
|---|---|---|
| Sole Proprietor | $109.99 | Prepares Form 1040 Schedule C/F; includes Xpert Assist available (extra cost) |
| Tax-Exempt Orgs (Form 990) | $129.99 | Prepares Form 990 (plus state returns extra) |
| Partnerships (Form 1065) | $149.99 + State Additional | Prepares Form 1065; bundle & download options |
| S Corporations (Form 1120-S) | $164.99 + State Additional | Prepares Form 1120-S; guidance included |
| C Corporations (Form 1120) | $164.99 + State Additional | Prepares Form 1120; guidance included |
| Estates & Trusts (Form 1041) | $139.99 + State Additional | Prepares Form 1041 returns |
Pricing link: https://www.taxact.com/lp/business-returns/online
| Competitor | Pros of TaxAct |
|---|---|
| TurboTax | TaxAct is generally more affordable than TurboTax, which makes it appealing to individuals and small businesses that want to save money. Its pricing is straightforward, and it covers most forms needed by self-employed professionals and business owners. While TurboTax has more guidance tools, TaxAct still provides step-by-step instructions that give users confidence without the higher cost. |
| H&R Block | Compared to H&R Block, TaxAct is simpler and less expensive, which attracts users who want to handle their taxes without paying for extras. Its online platform is easy to navigate, and it includes helpful features like data import and error checking. For many users, it offers all the essential tools without the need to pay for in-person services. |
| TaxSlayer | TaxAct has a stronger reputation for accuracy and error detection compared to TaxSlayer. It also provides a wider range of forms for both individuals and businesses, which makes it a more versatile choice. TaxAct’s Xpert Assist option adds extra peace of mind that TaxSlayer does not fully match. |
| FreeTaxUSA | TaxAct provides more comprehensive coverage than FreeTaxUSA, especially for business tax forms and professional features. It has stronger audit support and a more secure platform, which builds trust with users handling sensitive financial data. For those who want a balance between affordability and functionality, TaxAct offers more depth than FreeTaxUSA. |
| Competitor | Cons of TaxAct |
|---|---|
| TurboTax | TurboTax offers a more polished user experience, which includes highly detailed explanations and a smoother step-by-step process. It also has stronger live support options that feel more personal. TaxAct’s interface is helpful but less intuitive, which can make TurboTax a better fit for beginners. |
| H&R Block | H&R Block provides in-person support through its nationwide offices, which is something TaxAct does not offer. For users who want face-to-face help, TaxAct cannot match the accessibility and reassurance of H&R Block’s physical presence. |
| TaxSlayer | TaxSlayer is often cheaper for very simple tax returns, which makes it attractive to budget-focused users who only need basic filing tools. In this area, TaxAct may feel more expensive without providing extra value to those with very straightforward returns. |
| FreeTaxUSA | FreeTaxUSA is often lower in cost for basic returns, which appeals to individuals with simple tax needs. TaxAct, while still affordable, may feel less competitive when compared strictly on price for basic filing. |
