The New York City Department of Finance (NYC DoF) has made changes to the calculation of Form NYC-1127 related to certain school tax credits. Form NYC-1127 filers are no longer permitted to claim the following credits on Schedule B: Line A1 – NYC School Tax Credit (fixed amount) Line A2 – NYC School Tax Credit […]
To upgrade to a different TaxAct product, follow the steps below. Steps vary depending on whether you use the Online or Desktop program. Online Dashboards Open your TaxAct return. In the navigation pane on the left, click Resources. Under My Return, click the Upgrade Options tile. Locate the name of the TaxAct software you’d like to […]
As TaxAct Federal editions are updated, details will be added below to highlight what’s new in each release. See https://www.taxact.com/forms for forms availability. 1040 Edition – 2025 Limitations Form 1062 – Deferral of Tax on Gain From the Sale or Exchange of Qualified Farmland Property to Qualified Farmers not released. Prevents e-file and printing. Changes […]
You can easily review your return manually, or with the TaxAct Double-Check feature, which can identify missing or incomplete information that may bring your return to the attention of the IRS, and alert you about possible tax saving opportunities. Manual Review Click About or Basic Info, then click Continue on each screen, visually reviewing […]
Donation Assistant is a useful way to calculate the Fair Market Value (FMV) of donated items, such as items donated to Goodwill, Salvation Army, or any other charitable or non-profit organizations. This calculator provides certified resale values, so you can accurately determine the value of your donated items and maximize your deduction. Follow the steps […]
With TaxAct software, you can gather important tax information for the students or parents of students who will be applying for federal financial aid with the Free Application for Federal Student Aid (FAFSA) worksheet. located in the Review section of the software. To access the worksheet, click Review and then College Student Financial Aid. Follow […]
To determine which forms/schedules are “active” in the current return, as opposed to those forms that are not being used in the current return, you need to view the Forms and Schedules list. Active forms/schedules are either automatically created (and required as a part of every return), or you have entered information in the TaxAct […]
How to Enter Data Directly onto a Form in TaxAct Desktop and Professional Editions If you’re using TaxAct Desktop or Professional Editions, you can enter data directly into forms using Forms View. Here’s how to navigate and input data effectively: Accessing Forms View: From within your TaxAct return, click Forms in the options bar to open the Forms Explorer (if not already visible). […]
The data entry fields are color coded to indicate the type of field it is. There are three types of fields, user entry fields (green), calculated fields (blue) and overridden fields (red). Calculated fields (displayed in blue) are fields in which the program has calculated the data. The data could be text, a number or a […]
Steps to Check for Program Updates: Open your TaxAct program. Click Online in the upper menu bar. Select Check for Updates from the dropdown menu. Follow the on-screen instructions to select and install the federal or state updates you need. NOTE: This process verifies and installs the latest program updates. Your data will remain intact and will not be lost during the update.
Installing a State: If you have already purchased a state return, Sign in to your TaxAct account online. Click Orders and Downloads. Click Download next to the state/return-type you want.* Open your Downloads folder to locate the state file you downloaded (the file name is ta[last two digits of tax year][state abbreviation][form number].exe. For example, a […]
The TaxAct® Online program operates on our servers, so you don’t need to install software or run updates on your computer. Adding a State to Your Return:If you need to add a state after completing the Federal Q&A: Access the State Section In your TaxAct Online return, Click State, then select Add State. On smaller devices, tap the menu (?) in the top left […]
If you downloaded the TaxAct program but the installation won’t start when you click the [filename].exe, the file may have been corrupted during download. To resolve this issue, Delete the corrupted file from your downloads folder. If you need help finding your downloads folder, visit our Finding Download to Install FAQ. Basic Troubleshooting Steps After deleting the file, […]
After you click Download to download the TaxAct program, the [filename].exe should appear at the bottom of your screen. If the file does not appear at the bottom of your screen, try one of these options: Check your browser downloads. From within your browser, use your keyboard to press Ctrl + J, and you can […]
Click any link below to go to our checklist for that return. Complete the checklist before completing your TaxAct® return to save time. 1040 Individual Income Tax Return 1065 – Partnership Return 1120S – S Corporation Return 1120 – C Corporation Return 1041 Estates & Trusts 990 – Return of Organization Exempt From Income Tax
Although entering zero (0) in a number entry field may appear as a blank field, it is treated by the program as a zero.
For forms that cannot be opened directly, a list of schedules or worksheets that must be completed first will pop up. The information you enter on those forms will flow back to populate the form you desire.
TaxAct provides tools to help you plan for next year’s tax return. To access the planning tools: From within your TaxAct return (Online or Desktop), click Next Year (on smaller devices, click in the top left corner of your screen, then click Next Year). Continue with the interview process to prepare for next year. Planning tools […]
If you receive a “Tax Act Final Version Not Found” error when attempting to install a TaxAct® Desktop state module, the error message is most likely caused by one of these issues: The Federal program needs to be installed first. Sign in to your TaxAct Account online, click Orders and Downloads, then download and install the […]
You can install TaxAct on one additional computer (example: home laptop and office computer) for the purpose of completing your income tax return. The TaxAct program will only work on one computer at a time, and you will only be able to file the returns that you have paid for. Once you have purchased a […]
TaxAct® provides tools to help you plan for next year’s tax return. To access the planning tools: From within your TaxAct return (Online or Desktop), click Next Year (on smaller devices, click in the top left corner of your screen, then click Next Year). Continue with the interview process to prepare for next year. Let’s […]
Follow the steps below to select one or more states for your return. You must complete the steps again if you want to add states to another return. After installing a state, from within your TaxAct return (Desktop or Professional), click Return in the upper menu bar, hover your mouse over State, then click Add/Remove State. In the window […]
