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TaxAct TaxAct: What you need to know While TaxAct's products are on a par with its main competitors, the company differentiates itself by backing up its processing claims with a guarantee of accuracy, making it one of the best tax software options available. TaxAct was founded in the late s as Second Story Software, becoming TaxAct in after fifteen years or so of expansion. The company reports that its products have been used to prepare some 60 million electronically-filed returns in the United States since the year This makes them one of the bigger players in a very crowded tax preparation software marketplace, alongside names such as TurboTax and Tax Slayer. While its products are on a par with its main competitors in terms of functionality and ease of use, the company differentiates itself by backing up its processing claims with a guarantee of accuracy.

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