Deduction

Description

Deduction is a modern tax service that combines AI technology with licensed CPAs to provide fast, accurate, and proactive tax preparation and advice. At the heart of Deduction is Taylor, CPAI, an AI tax assistant that helps organize documents, analyze financial situations, and identify eligible deductions and credits. Taylor is trained on the complete U.S. tax code and is updated daily to ensure compliance with the latest regulations.

Taylor, CPAI, offers a seamless experience by allowing users to communicate via email, chat, or phone, without the need for lengthy questionnaires or app downloads. The AI assistant is capable of handling complex tax situations, including stock options, cryptocurrency, rental income, and multi-state filings. Every return prepared by Taylor is reviewed by a licensed CPA to ensure accuracy and compliance before filing.

Deduction offers a simple annual subscription model, priced at $499 for personal returns, which includes unlimited year-round CPA-reviewed advice and filing. For simple business returns, such as S-Corps or small partnerships, the cost is $999. The service is free to use until filing, allowing users to ask unlimited questions and upload documents without entering payment information.

Security is a top priority for Deduction, with all sensitive information stored in a personal Vault protected by enterprise-grade encryption. The company guarantees 100% accuracy, covering any interest or penalties resulting from errors on their part. Deduction is designed for individuals whose tax situations have outgrown traditional software but who do not want to pay the high fees associated with traditional CPAs.

Deduction's Core Features

• AI tax assistant Taylor, CPAI

• Year-round tax planning and advice

• CPA-reviewed tax returns

• Handles complex tax situations

• Secure document storage in Vault

• 100% accuracy guarantee

• Annual subscription pricing

• Multi-state filing support

• Proactive tax strategy optimization

• Communicate via email, chat, or phone

• No app download required

• Free to use until filing

• Enterprise-grade encryption

• Licensed CPA involvement

• Handles RSUs, crypto, rental income

How to use Deduction?

1. 1

   Connect: Link accounts or upload documents to the Vault

2. 2

   Taylor prepares: AI analyzes and prepares your return

3. 3

   CPA reviews: Licensed CPA reviews every detail

4. 4

   You approve: Review and approve your return

5. 5

   We file: Submit to IRS with 100% accuracy guarantee

Deduction's Use Cases

• Complex Tax Situations
• Year-Round Tax Planning
• Secure Document Storage
• Multi-State Filing
• CPA-Verified Returns

FAQ from Deduction

• What is Deduction?

  Deduction is an AI-powered tax preparation and advisory service that combines AI technology with licensed CPAs to provide fast, accurate, year-round tax support.

• How does Deduction differ from traditional tax software?

  Unlike traditional software, Deduction's AI assistant, Taylor, CPAI, acts like a personal accountant, finding deductions and preparing returns, with CPA verification.

• Who is Deduction for?

  Deduction is designed for individuals with complex tax situations, such as stock options, crypto, rental income, and those seeking year-round tax advice.

• Is Deduction available in all 50 states?

  Yes, Deduction supports federal and state returns for all 50 states, including multi-state filing needs.

• What is Taylor, CPAI?

  Taylor, CPAI, is an AI tax assistant trained on the U.S. tax code, providing tax advice, finding deductions, and preparing returns, with CPA oversight.

• How much does Deduction cost?

  Deduction costs $499 per year for personal returns and $999 for simple business returns, including unlimited CPA-reviewed advice and filing.

• Is my financial information secure with Deduction?

  Yes, Deduction uses enterprise-grade encryption to protect your data, stored in a personal Vault, and never shares it without your permission.

• What if Taylor, CPAI makes a mistake?

  Deduction offers a 100% accuracy guarantee, covering any interest or penalties resulting from errors on their part.