CEDAR RAPIDS, IA--(Marketwired - Jan 30, 2014) - TaxACT®, the critically acclaimed leader of affordable tax solutions, is the only leading brand that includes all e-fileable IRS forms, allowing all taxpayers -- regardless of return complexity -- to file individual tax returns free. TaxACT Free Edition supports approximately 75 to 120 more IRS forms than other leading online brands. Based on prices listed on websites on January 30, 2014, others are charging $19.99 to $74.99 for products with the same IRS forms available for free with TaxACT.
TaxACT has been accepting 2013 federal and state e-filed returns since January 6 but will begin submitting all e-filed 2013 returns to the IRS tomorrow. Last year, the company submitted nearly 7 million e-filed individual returns that were accepted by the IRS, and almost 4.5 million returns accepted by states.
Among the IRS forms supported by TaxACT Free Edition but not in solutions by other top brands include:
- Forms 1040 and 1040NR
- Schedules C and SE, plus forms for self-employed, sole proprietors, partnerships, LLCs and corporations
- Schedule D and Form 1099-B for investors
- Schedule E for rental property owners
- Schedule F for farmers
- Form 1045 and schedules for net operating losses
See additional information below. For a complete list of forms in TaxACT Free Edition, visit www.taxact.com/freeforms.
TaxACT is also the only leading brand that allows taxpayers to start, finish and e-file their returns from any device, anytime, anywhere. TaxACT Online, the tablet app and the new TaxACT Express smartphone app offer free federal filing and affordable state filing, from $7.99-$14.99. Other brands are currently charging $14.99 to $36.99 for state filing.
About TaxACT
TaxACT is the critically acclaimed leader of affordable digital and download tax preparation solutions for consumers, business owners and tax professionals. In the 2005 tax season, TaxACT became the first to offer free federal tax software and e-file to all U.S. taxpayers. Since 2000, TaxACT Online has assisted with more than 45 million e-filed federal returns. TaxACT is a business of Blucora, Inc. (
| IRS Forms Comparison - TaxACT Online Free Edition, TurboTax® Online and H&R Block® Online | ||||||||||
| TaxACT Online Free & Paid |
TurboTax Online Free | TurboTax Online Paid Solutions |
H&R Block Online Free | H&R Block Online Paid Solutions | ||||||
| Recommended for | All taxpayers, all situations | New users, simple taxes | Maximize deductions, investments, rental property, sole proprietors, self-employed | Simple tax situations | Self-employed, rental property owners | |||||
| Federal return + e-file | $0 Free Edition $9.99 Deluxe |
$0 | $19.99 - $74.99* | $0 | $19.99 - $49.99* | |||||
| Form 1040 | Free | No | Included | Free | Included | |||||
| Form 1040NR/EZ | Free | No | No | No | No | |||||
| Schedule C Profit or Loss from Business |
Free | No | Home & Business $74.99 | No | Included | |||||
| Schedule SE Self-Employment Tax |
Free | No | Included | No | Included | |||||
| Form 4562 Depreciation and Amortization |
Free | No | Included | Free | Included | |||||
| Form 8829 Expenses for Business Use of Your Home |
Free | Free | Premier $49.99 Home & Business $74.99 |
No | Included | |||||
| Form 1099-MISC for Miscellaneous Income received | Free | No | Included | Free | Included | |||||
| Form 1045 Application for Tentative Refund |
Free | No | No | No | No | |||||
| Schedule D Capital Gains and Losses |
Free | No | Premier $49.99 Home & Business $74.99 |
No | Included | |||||
| Form 1099-B Proceeds from Broker Transactions |
Free | No | Premier $49.99 Home & Business $74.99 |
No | Included | |||||
| Schedule E Rents, Royalties, Partnerships, Etc. |
Free | No | Premier $49.99 Home & Business $74.99 |
No | Included | |||||
| Schedule F Profit or Loss from Farming |
Free | No | Home & Business $74.99 | No | Included | |||||
| Schedule K-1s (Forms 1041, 1065, 1120S) |
Free | No | Premier $49.99 Home & Business $74.99 |
No | Included | |||||
| Form 8824 Like-Kind Exchange |
Free | No | Premier $49.99 Home & Business $74.99 |
No | No | |||||
*Forms and prices published on websites as of 1/30/14.
Contact Information:
Contact
Jessi Dolmage
TaxACT Public Relations
(319) 373-3600