TaxAct vs Wealthsimple Tax
TaxAct
taxact.comWealthsimple Tax
wealthsimple.comSide by side
| Figure | TaxAct | Wealthsimple Tax |
|---|---|---|
| Price from | $44.99/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 21 | 6 |
| Spec score · Personal Tax Software | 9.1 (#4) | 7.0 (#109) |
| Spec score · Tax Software | 9.0 (#10) | 6.8 (#128) |
| Spec score · Tax Preparation Software | 8.6 (#10) | 6.3 (#32) |
| Spec score · Income Tax software | 8.5 (#8) | 6.2 (#24) |
| Audit support | Yes | Yes |
| Founded | 1998 | 2014 |
| Free plan | Yes | Yes |
| Headquarters | Dallas, Texas, United States | Toronto, Canada |
| Investment income | Yes | Yes |
| Mobile access | web_and_mobile | web_only |
| Rental income | Yes | Yes |
| Self-employment support | Yes | Yes |
| State filing | paid_add_on | included |
Plans
TaxAct
- FreeFree
- FreeFree
- Deluxe$59.99, paid once
- Deluxe$59.99, paid once
- Premier$99.99, paid once
- Premier$99.99, paid once
- Self-Employed$109.99, paid once
- Self-Employed$109.99, paid once
- Basic Desktop$44.99, paid once
- Basic Desktop$44.99 a month
Wealthsimple Tax
- BasicPrice not published
- BasicPriced on request
- PlusPrice not published
- PlusPriced on request
- ProPrice not published
- ProPriced on request
In their own words
TaxAct
TaxAct provides tax preparation through online filing, downloadable software, and a mobile app. Its tools can import tax data and calculate deductions, credits, and refunds. The service covers individual filing and business options for partnerships, C corporations, S corporations, sole proprietors, and tax-exempt organizations. Mobile features include photographing documents, checking progress, filing on the go, and getting expert help. Free federal filing is available for eligible standard returns, but the Free Edition is limited to Form 1040 without attached forms or schedules. It covers listed cases such as W-2, unemployment, and retirement income; investment, rental, business, and self-employed income and expenses are excluded. Other online products can be started free, with payment due when filing. Online Deluxe costs 59.99 USD once, Premier 99.99 USD once, and Self-Employed 109.99 USD once; state filing is additional. TaxAct also offers professional software and Xpert Assist, with unlimited live advice for consumer 1040 products.
Wealthsimple Tax
Wealthsimple Tax has no write-up on Specifiction yet; its figures are above.