The TaxACT® Story
What Makes TaxACT Unique?
A True David and Goliath Story
TaxACT was created from the ashes of a product called Personal Tax Edge marketed by Parsons Technology. In 1994, Intuit, the makers of TurboTax, acquired Parsons Technology and Personal Tax Edge, their next closest competitor. By 1997, Personal Tax Edge was gone, but the discontinuation of Personal Tax Edge led the founders of 2nd Story Software (all of whom had worked on the Personal Tax Edge product) to create TaxACT. Starting with a simple goal to provide high-quality tax preparation software to taxpayers at an affordable price, TaxACT launched in 1998. In less than a decade claimed its place amongst the Goliaths of the industry, becoming the #2 destination for online tax preparation.1
Leading the Industry
TaxACT spent the last decade becoming a leader in a very competitive tax preparation market. Most significantly, TaxACT was the first company in the market to offer its Free Edition Federal software to all American taxpayers for free for the 2005 tax season. Making TaxACT Free Edition free for anyone to use was a watershed moment in the industry, and competitors were quick to follow suit. However, TaxACT’s dedication to high quality software sets them apart from even their most notable competition.
Honesty is the Best Policy
TaxACT Free Edition is not a gimmick. Quality has always been the #1 priority at TaxACT, and TaxACT Free Edition is absolute proof of this. Unlike competing products, TaxACT Free Edition is a complete federal tax preparation solution for the vast majority of American taxpayers. TaxACT Free Edition can handle 1040 long-form, 1040A and 1040EZ returns as well as more than 80 of the most commonly used Forms and Schedules, including Schedule C for small business owners and Schedule D for investors. Most importantly, TaxACT Free Edition makes free federal tax preparation and e-filing a reality for the vast majority of American taxpayers. Dedication to quality is what sets TaxACT apart from the competition.
About TaxACT
TaxACT has been a complete web-based tax resource for more than a decade. Our focus is on making tax preparation easy, fast, reliable and most importantly, affordable. TaxACT Free Edition was the first free federal electronic tax preparation program and the first to offer free printing and e-filing services to all American taxpayers. This focus has made TaxACT the #2 destination for online tax preparation1.
About 2nd Story Software, Inc.
2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing and marketing affordable tax preparation software and web-based services directly to consumers. The comprehensive suite of TaxACT products continues to empower our users to devise well-informed tax strategies with ease.
1 According to collective week end reports for the website www.taxactonline.com, released by Hitwise™ during the 2005, 2006 and 2007 tax seasons.
