TaxACT vs Open Tax Solver

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

TaxACT is a Business & Commerce solution with tags like tax, finance, filing, preparation, returns.

It boasts features such as 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 pros including Easy to use interface, Affordable pricing, Good customer support, Handles complex tax situations, Mobile app available, Maximize tax deductions.

On the other hand, Open Tax Solver is a Office & Productivity product tagged with open-source, tax-preparation, filing-software, financial-information, tax-forms, estimate-taxes, maximize-deductions, generate-returns.

Its standout features include 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 it shines with pros like 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.

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

Product Overview

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.

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.

Key Features Comparison

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

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

Pros & Cons Analysis

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

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

Pricing Comparison

TaxACT

• Freemium
• Subscription-Based

Open Tax Solver

• Open Source