Deduction

Chat for CPA-checked US tax answers, filings.

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About Deduction

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Key Features

  • Taylor, CPAI tax assistant: An AI agent trained on U.S. tax law that answers tax questions in plain English, runs “what if” scenarios, and prepares returns for CPA review.
  • Hybrid AI plus CPA workflow: Taylor, CPAI organizes documents, analyzes your situation, and produces IRS ready forms, which are then checked and signed off by licensed CPAs before filing.
  • Complex tax scenario support: Designed for RSUs, ISOs, NSOs, crypto trades, rental properties, K 1s, and multi state filing that often break standard consumer tax tools.
  • Secure document Vault: A personal Vault stores tax documents with bank grade, IRS recommended encryption, with selective document fetching plus simple uploads and email forwarding.
  • 100% accuracy guarantee: If a mistake caused by Deduction results in interest or penalties, the firm covers those costs, subject to its terms.

Pros

  • + Speed and responsiveness: Users can ask questions by email, chat, or call and get tailored answers far faster than typical accountant turnaround times.
  • + Depth of advice: AI tuned specifically for tax law plus mandatory CPA review supports more nuanced guidance than generic chatbots or basic questionnaire based tax apps.
  • + Good value for complex filers: A flat annual fee with unlimited advice compares favorably with hourly CPA billing for people with stock compensation, investments, or multiple income streams.
  • + Security posture: Encrypted storage, a dedicated Vault, and a clear commitment not to use client data to train AI models will appeal to privacy conscious users.
  • + Lower paperwork burden: Automatic document retrieval where possible and flexible upload options cut down on organizing chores.

Cons

  • − U.S. only focus: Deduction centers on U.S. federal and state taxes, so non U.S. residents or those with heavy non U.S. filing needs will need other solutions.
  • − Newer brand: Compared with decades old accounting firms, Deduction has a shorter track record, which more cautious taxpayers may weigh carefully.