September 2026

The new Review panel adds a field-level checkpoint to SmartExtract. Preparers see each extracted value next to the source document, with the matching field highlighted on the page. They can confirm, edit, or clear values before anything is added to the return, so they keep full control over accuracy.

• Side-by-side review of extracted fields and the source document
• Source fields highlighted on the page for quick checking
• Accept, edit, or clear any value before adding it to the return
• Move between multiple uploaded documents in one view

September 2026

NEW

Filing Status Analysis compares Married Filing Jointly with Married Filing Separately for the same return. Preparers can find the better filing status for their clients in Drake Tax Online, without recalculating each scenario by hand.

• Side-by-side MFJ vs. MFS comparison for the same return
• Five-column report covering both spouses and both scenarios
• Supports faster, better-informed filing status decisions

September 2026

Drake Tax Online now connects to Drake Portals automatically. Accounts link without manual setup. Each return is matched to the client's existing portal or gets a new one, and changes to client details stay in sync on their own. Preparers decide when clients receive their activation email.

• Portals accounts link automatically, with no manual sign-in needed
• Each return gets a matched existing portal or a newly created one
• Client name, email, and phone changes sync to the portal automatically
• Preparers choose when to send the client's activation email

September 2026

Financial Hub BETA

Financial Hub is a year-round companion that helps customers organize their financial information in one place, so it's easier to find what they need at tax time. Customers can organize transactions, separate personal and business activity, and keep receipts and tax documents together. Financial Hub appears on the TaxAct homepage once a customer has e-filed at least one TY25 return.

• Organize transactions in one place, year-round
• Separate personal and business activity
• Keep receipts and tax documents together
• Available from the homepage after e-filing a TY25 return

August 2026

BETA

The redesigned File screen in Drake Tax Online™ surfaces every blocking diagnostic inline, with full context and AI-powered guidance to explain each issue and walk preparers through resolution. No more toggling between screens to understand what went wrong and how to fix it.

August 2026

Drake Tax Online™ now natively supports the complete range of business return packages: Corporate (1120), Fiduciary (1041), Tax-Exempt (990), and Estate (706). Firms can prepare and file every return type online without switching to Drake Tax Desktop.

August 2026

SmartExtract™ is now available in both Drake Tax Online™ and Drake Tax Desktop. AI-powered extraction identifies form types, pulls key data from uploaded client documents, and maps it directly into the return, whether files are uploaded locally or carried over from Drake Portals®. The same speed and accuracy, now across the full Drake ecosystem.

August 2026

SmartFile's mobile chat experience has been redesigned for speed and clarity, and mobile users can now use voice-to-text to interact with SmartFile hands-free. We've also expanded SmartFile's knowledgebase to include content from the TaxAct Blog and the IRS, giving it a deeper, more nuanced understanding of tax topics so it can provide more relevant, informed support throughout the filing journey.

July 2026

Drake Audit Defense connects clients with credentialed tax experts for IRS and state notices, audits, and tax-related identity theft — without building a resolution department inside your firm. Enroll practice-wide or per return, manage cases in Drake Software, and give your team and clients clear status through resolution.

July 2026

SmartReview™ integrates an AI-powered assistant directly into Drake Tax Online, enabling tax professionals to review returns, resolve diagnostics, and confirm e-file readiness, all within a single workflow. The result is fewer errors, faster resolution, and a more confident path to filing. Available now in Drake Tax Online; coming soon to Drake Desktop.

July 2026

SmartExtract™ applies AI to uploaded client documents, identifying form types, extracting key data, and mapping it directly into the return. Whether files are uploaded locally or carried over from Drake Portals, the path from document to populated return is faster and more accurate. Available now in Drake Tax Online; coming soon to Drake Desktop.

July 2026

TaxAct is now an official connector inside Claude, so filers can compare filing costs, estimate taxes, get a document checklist, and connect with a TaxAct expert, right from the chat. No personal or financial data is linked or retained on TaxAct's systems.

July 2026

SmartFile now helps customers understand and resolve issues right in their return. When something needs attention, SmartFile explains it in plain language so customers know exactly what's needed. In many cases, it can fix the issue automatically using information already in their documents, highlight what changed, and show where the answer came from. If a customer still needs to take action, SmartFile takes them straight to the right place in their return and brings them back when they're done.

June 2026

Donation Assistant helps TaxAct filers value noncash charitable donations with fair market estimates based on real resale-market data and IRS-compliant methodology. Search what you donated, select its condition, and build an itemized ledger you can download for your records. Whether you itemize or take the standard deduction, you get informed totals that flow onto your return so you can make the right tax decision with confidence.

June 2026

SmartFile AI is now available to TaxAct small business customers, bringing the same AI-powered document organization, guided filing, and real-time support to more complex returns. Business filers can upload documents, get AI-assisted prefilling, and move through their return with greater speed and confidence.

April 2026

Our expanded document upload experience helps organize and process tax forms faster, reducing manual entry, simplifying complex workflows, and helping customers move through filing with greater speed and confidence.

March 2026

SmartFile AI is TaxAct's AI-assisted filing experience designed to simplify and guide the tax journey.
Upload your tax documents and SmartFile helps organize information, understand context, and guide users through the filing process in real time. By reducing manual entry and simplifying complex steps, SmartFile creates a faster, more connected filing experience with greater clarity and confidence.

March 2026

AI helps tax experts organize information, identify missing details, and prepare returns more efficiently. Structured summaries and workflow intelligence reduce back-and-forth and help teams move from review to filing faster.

January 2026

Before documents are even uploaded, AI reviews prior-year returns to help identify relevant tax situations and generate a more personalized onboarding experience. Customers spend less time gathering information and more time moving toward completion.

January 2026

TaxAct Mobile makes it easier to start, continue, and complete your return from anywhere. AI-assisted experiences help simplify the process, reduce friction, and keep customers moving forward with confidence.

January 2026

With a TaxAct Refund Advance loan, eligible customers can receive between $250 and $1,000 in as little as 24 hours after IRS acceptance. There are no loan fees and no interest. It's a simple way to get funds faster while you finish your taxes with confidence.

January 2026

Upload tax documents directly into TaxAct and our AI-powered extraction tools help organize and map information into the right places in your return. Less manual input means faster filing, fewer errors, and a more streamlined experience.

January 2026

TaxAct Xpert Full Service combines credentialed tax expertise with AI-assisted workflows designed to simplify and accelerate the filing experience.
From document organization to return preparation and review, AI helps streamline the process so experts can work more efficiently while customers move forward with greater confidence.
The result is a faster, more connected experience built around accuracy, transparency, and trusted support.