SOURCE: TaxACT

TaxACT

January 30, 2014 16:52 ET

TaxACT Offers Taxpayers 50 Percent More IRS Forms for Free Than Its Competitors

Business Owners, Investors, Landlords and All Cost-Conscious Americans Can Save Time and Money With TaxACT Free Edition

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. (NASDAQ: BCOR). Learn more about TaxACT at www.taxact.com and www.taxact.com/press.

 
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
    Email Contact
    (319) 373-3600