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, 2nd Story Software claimed its place amongst the Goliaths of the industry, becoming the number two destination for online tax preparation.10 TaxACT Facts You Should Know
- TaxACT Free Federal Edition is truly free for everyone — it includes all e-fileable forms to prepare, print and e-file an IRS return.
- Anyone can try TaxACT risk-free — no obligations or gimmicks.
- TaxACT offers five guarantees - Maximum Refund Pledge, Accuracy, Price Lock, Money-Back and Satisfaction.
- Web and Desktop versions of Free Federal Edition, Deluxe, State and Ultimate Bundle (Deluxe + State) are offered.
- All products include unlimited e-mail and Web support and video tutorials.
- TaxACT is the only Web-based tax planning and preparation product to offer a year-round tax preparation solution (Preview versions are released each October, with Final versions released in January).
- TaxACT State integrates with Free and Deluxe Editions so that Federal data transfers quickly and seamlessly to your State return.
- In the 2005 tax season, TaxACT became the first to offer free Federal tax software and free e-file to all American taxpayers.
- 2nd Story Software, a privately held company, was founded in 1998.
- TaxACT has been the second most visited online destination for tax preparation services for the last six consecutive tax years.1 Since 2000, TaxACT Online has assisted with more than 20 million e-filed Federal returns.