Tax Act is a tax preparation software for the United States of America. The software company was founded by previous employees of Personal Tax Edge. Their offer an online tax filing service and a download desktop version.
Free Federal Tax Filing
Like most of its competitors, Tax Act allows you to file your federal income tax report completely free of charge. If you are using the simplified 1040 filings (EZ or A), TaxAct also gives you the state online tax preparation for free! Here is the TaxAct Online 2015 Free Edition. For Simple Federal & State Returns.
Tax Act Plus and Tax Act Premium
The Plus Version allows you to be more efficient with your tax preparation. You can start off by using last year’s numbers as a starting point. No need to track that manually. The plus packages also give you access to a more detailed tax filing. It takes into account investments (Schedule D), itemized deductions (Schedule E) and rental property income (Schedule A).
The Premium Version is designed for business and farm income reporting. It’s perfect for self-employed and small businesses such as contractors and freelancers.
Maximum Refund Guarantee
Tax Act guarantees that you will get the maximum refund at the federal level. If you can get a better refund using another online product, the will refund you the price of the software. Plus if you used their free version, they will send you $4.99.
The TaxAct offering on the business side is quite extensive. They cover the whole range of business registration: Sole-Proprietorship, Partnership and Multi-Member LLC, C and S Corporations.
Estates and Trusts
Tax Act also can handle estates and trusts reporting with features such as automatic beneficiary allocation, depreciation and disposal summaries. This version also gives you access to unlimited phone and email support while you prepare your filings.