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Comparison

TaxAct vs Drake Tax

TaxAct

taxact.com

Worth it
Confidence: Medium

A legitimately cheaper TurboTax alternative that handles simple-to-moderate personal and small-business returns well.

Read the full report

Pick TaxAct when

  • Budget-conscious W-2 filers
  • Freelancers and self-employed
  • Small business owners (1120/1065)
  • eBay and gig sellers with 1099-Ks

When TaxAct is not a fit

  • Very complex, multi-state, or international returns . hire a CPA
  • Large tax practices; Lacerte, UltraTax, Drake dominate there
  • Privacy-maximalists spooked by data-sharing settlements
  • People who qualify for fully free IRS Free File options

Sources

  1. TaxAct Review 2024: A Solid and Frugal Tax Filing Optionthepennyhoarder.com
    review
  2. TaxAct Review 2024 . No-Frills Tax Prep Softwaremoneywise.com
    review
  3. TaxAct: Plans, Pricing and Key Features Explained (Kiplinger)kiplinger.com
    review
  4. Trustpilot . TaxAct Customer Service Reviewstrustpilot.com
    review
  5. ConsumerAffairs . TaxAct Reviewsconsumeraffairs.com
    review
  6. Tax-Preparation Firm Discloses Data Breach (WSJ)wsj.com
    news
  7. Connecticut AG Settles with TaxAct Over Sharing Taxpayer Dataportal.ct.gov
    news
  8. TaxAct $14.95M Privacy Settlementopenclassactions.com
    news
  9. TaxAct Security Featurestaxact.com
    official
  10. eBay and TaxAct 1099-K Partnershipcommunity.ebay.com
    news
  11. oag.ca.govoag.ca.gov
    review
  12. insideprivacy.cominsideprivacy.com
    review