Features
- eFile your federal return-FREE!
Receive your refund FAST by e-filing! With TaxACT Deluxe, one FREE
federal e-filing is built right into the program, so there's no hassling
with rebates, coupons, or credit cards. (Up to four additional returns
may be filed electronically for $7.95 each.) Time-saving Import
feature-No need to re-key the same data every year! Why risk costly data
entry errors? With the TaxACT Ultimate Bundle, you simply import key
data from your previous year's return, such as name, address, kids'
names, employer information, loss carry-forwards and more!
- Prepare and print as many returns as you wish-FREE!
Prepare and print an unlimited number of returns. You can prepare
returns for yourself, parents, children, and more at no additional cost
- Alerts help you steer clear of problems
TaxACT meticulously inspects your return and alerts you to errors,
omissions, and valuable tax saving opportunities you may have missed. If
there's an issue, it takes you directly to the problem so you can fix
it. Best of all, you'll slash your tax obligation with tips from our
tax-saving Green Alerts!
- Versatile printing options
Print multiple copies of tax returns, or print just individual forms.
The choice is yours, all at no extra charge!
- Password Protection
Keep your data safe from others who may have access to your computer.
You can assign a unique password to each return you create.
- TaxACT addresses the tax needs of investors
Import capital gains transactions from GainsKeeper. Keeping track of
your mutual fund, stock, and options transactions just got easier.
- Handy "Tax Refund" or "Amount Owed" display
The refund or amount owed is constantly visible on-screen, updating
automatically so you know your moment-to-moment tax situation.
- TaxACT's QnA Interview method guides you through the process
Simply answer some questions, and the software automatically enters the
data onto the appropriate form, schedule, or worksheet! Or, more
experienced users can save time by skipping the interview questions and
entering data directly onto the tax forms.
Tax advice from the experts without ever leaving your home
- New & Improved! Expert Tax Help featuring J.K. Lasser's Your Income Tax 2007
by John Wiley & Sons, Inc. Whether you have a specific tax issue, need
help with a form, or are in need of tax saving ideas, you'll get the
answers you need quickly. Every question in the TaxACT Deluxe Tax QnA
process is connected directly to the most relevant advice from J.K.
Lasser's Your Income Tax 2006, America's all-time best-selling tax
guide.
In addition, receive timely tax tips that explain complex tax laws,
pitfalls to avoid, recent tax law changes, and provide filing tips and
year-end tax strategies. Plus, new Form Instructions give in-depth
guidance for every entry in the Tax QnA.
- Informative Life Events advice
TaxACT assists you in determining how to handle major Life Events such
as getting married, having children, selling your home, and other events
that have an impact on your taxes.
- Tax Watch
TaxACT analyzes your current return and identifies areas that may be
affected by next year's tax law changes. Plus, you get valuable
tax-saving tips and financial reminders to help you minimize the impact
of those changes.
- "Where Does Your Money Go" Table
Ever wonder how your tax dollars are spent each year? This handy
component of the Tax Watch feature provides a summary of government tax
spending percentages based on the taxes you paid in.
- Tax Calculator
Perform what-if scenarios with your tax return without adjusting your
actual numbers! This feature summarizes your tax return, and gives you
the ability to enter adjustments, positive or negative, to see the
impact on your taxes.
- National Averages Comparison
Identify potential "hotspots" that may catch the IRS's eye and know
where you stand with the rest of the taxpaying public.
The tax forms you need right at your fingertips:
- No hassle of trying to get copies of the right paper forms
With TaxACT, it's all right there on your computer! Easily print
IRS-approved forms onto plain paper.
- Over 110 forms, schedules, and worksheets
Including 1040, 1040A, Schedule C and many more. And, you can be sure
your forms and schedules are up-to-date, reflecting all the latest tax
law changes. (For a complete listing, see the Forms, Schedules, and
Worksheets charts.
- Multiple occurrences of supporting forms? Piece of cake!
TaxACT allows you to enter as many copies of a supporting form as
necessary. If you changed jobs in the middle of the year and have two
W-2 forms, TaxACT can handle it!
Analyze your tax situation with in-depth reports & tax calculators:
- Invaluable depreciation reports included
2004 Depreciation Summary, 2005 Depreciation Summary, and 2004 Disposal
Summary-a must for anyone depreciating assets! Sort any report online by
asset name or date acquired.
- Joint vs. Separate
With the click of a button, determine the difference in your tax
obligation if you filed Married Filing Joint or Married Filing Separate.
- Depreciation Calculator
Just enter your depreciable assets and prior year's depreciation, and
TaxACT Depreciation Calculator will automatically calculate your current
year's depreciation.
- Loan Calculator
Calculate payments based on loan amount, interest rate and loan period.
Plus, view and print your payment schedule!
- Savings Calculator
Calculate future value based on deposit amount, interest rate and
savings period. Plus, view and print your savings schedule!
- Self-Employed Adjustments for Clergy
TaxACT includes interview questions specifically designed to help clergy
prepare their taxes. Simply answer a few questions in the interview, and
all of your numbers will automatically flow to the appropriate tax form.
What could be easier?
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