Open Tax Solver vs TaxACT

Struggling to choose between Open Tax Solver and TaxACT? Both products offer unique advantages, making it a tough decision.

Open Tax Solver is a Office & Productivity solution with tags like open-source, tax-preparation, filing-software, financial-information, tax-forms, estimate-taxes, maximize-deductions, generate-returns.

It boasts features such as Free and open source tax preparation software, Supports common IRS tax forms like 1040, 1040A, 1040EZ, etc, Allows entering financial information to auto-complete tax forms, Estimates taxes owed and suggests ways to maximize deductions, Generates completed tax returns ready to print and file and pros including Free to use with no fees, Open source so can be customized as needed, Supports common tax forms for basic filing needs, Helps maximize tax deductions to save money, Easy to use and generates completed returns.

On the other hand, TaxACT is a Business & Commerce product tagged with tax, finance, filing, preparation, returns.

Its standout features include Simple step-by-step interview process, Support for all major forms and schedules, Automatic calculations and error checking, E-file returns directly to the IRS and state agencies, Access on multiple devices, Live support from tax experts, Audit assistance guarantee, and it shines with pros like Easy to use interface, Affordable pricing, Good customer support, Handles complex tax situations, Mobile app available, Maximize tax deductions.

Feature	Open Tax Solver	TaxACT
Overall Score	N/A	N/A
Primary Category	Office & Productivity	Business & Commerce

Product Overview

Open Tax Solver

Description: Open Tax Solver is an open source tax preparation and filing software. It allows users to enter their financial information and uses that to complete tax forms, estimate taxes owed, maximize deductions, generate completed returns to print and file.

TaxACT

Description: TaxACT is tax preparation software that allows users to prepare and file federal and state tax returns. It provides a step-by-step interview process to guide users through tax questions, performs calculations automatically, checks for errors and missed deductions, and e-files returns directly to the IRS and state agencies.

Key Features Comparison

Open Tax Solver Features

• Free and open source tax preparation software
• Supports common IRS tax forms like 1040, 1040A, 1040EZ, etc
• Allows entering financial information to auto-complete tax forms
• Estimates taxes owed and suggests ways to maximize deductions
• Generates completed tax returns ready to print and file

TaxACT Features

• Simple step-by-step interview process
• Support for all major forms and schedules
• Automatic calculations and error checking
• E-file returns directly to the IRS and state agencies
• Access on multiple devices
• Live support from tax experts
• Audit assistance guarantee

Pros & Cons Analysis

Open Tax Solver

Pros

• Free to use with no fees
• Open source so can be customized as needed
• Supports common tax forms for basic filing needs
• Helps maximize tax deductions to save money
• Easy to use and generates completed returns

Cons

• Limited to basic IRS forms, less support for advanced forms
• May not handle complex tax situations as well as paid software
• Lacks support resources like help desk of paid services
• Requires some tax knowledge for setup and configuration
• As open source, security and updates depend on community

TaxACT

Pros

• Easy to use interface
• Affordable pricing
• Good customer support
• Handles complex tax situations
• Mobile app available
• Maximize tax deductions

Cons

• Limited free file options
• Upsells and add-ons can get expensive
• No support for paper filing
• Fewer features than professional software

Pricing Comparison

Open Tax Solver

• Open Source

TaxACT

• Freemium
• Subscription-Based