TaxACT(R) Launches Solutions for 2012 Tax Planning and Preparation

Mon Oct 1, 2012 3:47pm EDT

* Reuters is not responsible for the content in this press release.

  CEDAR RAPIDS, IA, Oct 01 (Marketwire) -- 
TaxACT 2012 tax preparation solutions are now available for free use at
taxact.com. Preview versions of TaxACT are launched in October to help
taxpayers calculate federal and state taxes, uncover potential year-end
tax savings opportunities and get organized. 

    Although notable tax law changes are expected to be made in the next few
months, taxpayers are advised to calculate their 2012 taxes under current
law in order to prevent large balances or overpayment. As users answer
questions, TaxACT calculates federal and state tax amounts, and alerts
users of expired tax laws that may be extended or revised. 

    TaxACT Preview gives taxpayers several advantages, says TaxACT President
JoAnn Kintzel. "Besides showing how pending tax law changes could impact
your bottom line, TaxACT identifies opportunities for savings that
require action by December 31. Whether your goal is to maximize your
refund or minimize your balance owed through adjusted withholding, TaxACT
can help you do that. With TaxACT, you don't need to hire a CPA or pay
any money for year-end planning or calculating your 2012 taxes." 

    All taxpayers can use TaxACT 2012 products for free and without risk.
It's always free to use TaxACT Free Federal Edition, and digital Deluxe
users do not have to pay the guaranteed low $9.95 price until filing,
redeeming phone support or previewing forms. Download Deluxe customers
don't have to pay until early January when the "Final" edition of Deluxe
is launched.

    Regardless of when Congress finalizes tax law changes, Kintzel said
taxpayers can count on TaxACT for clear, easy guidance whenever they're
ready to do their taxes. "We work directly with the IRS to seamlessly
navigate our customers through complicated tax code and to their maximum
refund as quickly as possible."

    Final editions of TaxACT federal solutions, as well as state editions,
will be available starting in early January. In the meantime, the company
will be launching several innovative products and features to support
TaxACT's industry position as the value leader. Kintzel said, "Our new
products and features support our pledge to TaxACT customers. We act
responsibly with transparency and integrity to give all consumers
affordable tax preparation solutions of the highest quality and value." 

    TaxACT 2012 Free Federal Preview Edition includes: 


--  24/7 over-the-Web access on computers and tablets, or download TaxACT
    software for PCs and laptops.
--  Free calculation of federal and state taxes, plus alerts for currently
    expired tax laws.
--  Import of last year's return prepared by TurboTax(R) or H&R
    Block At Home(R).
--  Unlimited and free tax help online, via email and in the Answer Center
    -- now with a more efficient and relevant search engine.
--  Guidance through more than 35 Life Events such as marriage, children,
    college, unemployment, retirement and natural disasters.
--  Time-saving data entry and navigation tools, including Bookmarks and
    Stock Assistant.
--  College financial aid worksheet with all tax data needed for the
    FAFSA.
--  Tax glossary with nearly 300 terms, plus loan and savings calculators.
--  Maximum refund, accuracy and satisfaction guarantees.

    

TaxACT 2012 Deluxe includes extra tax planning guidance and tools: 


--  Import of last year's TaxACT return, W-2, investment, GainsKeeper and
    TradeLog data.
--  TaxACT TaxTutor Guidance(R) with brand new, powerful content
    written by our team of CPAs and accountants. Information is now
    tailored to each interview question and includes easy-to-understand
    tax explanations, tips and hints.
--  Donation Assistant(R) with nearly 1,300 audit-backed values to help
    maximize deductions for donated household items.
--  Free and unlimited tax and technical help by phone upon product
    payment.
--  Tax Calculator shows how different scenarios will affect your 2012,
    2013 and 2014 taxes.
--  Married joint vs. separate report plus depreciation and disposal
    summaries.
--  Price Lock Guarantee for Online users and Money-Back Guarantee for
    download customers.

    

About TaxACT 
 TaxACT, made by 2nd Story Software, is the critically
acclaimed leader of affordable digital and download tax preparation
solutions for consumers, business owners and tax professionals. In the
2005 tax season, TaxACT became the first to offer free federal tax
software and free e-file to all U.S. taxpayers. TaxACT has been the 2nd
most visited online destination for tax preparation services for the past
seven consecutive years(1). Since 2000, TaxACT Online has assisted with
more than 38 million e-filed federal returns. TaxACT is a business of
Blucora(TM) (NASDAQ: BCOR). Learn more about TaxACT at www.taxact.com and
www.taxact.com/press. 

    (1) According to collective week end reports for taxact.com and
taxactonline.com released by Hitwise(TM) during the 2005, 2006, 2007,
2008, 2009, 2010 and 2011 tax seasons.

    

Jessi Dolmage 
TaxACT Public Relations Manager
(319) 373-3600 X2193 
pr@taxact.com 

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