Deduction

What it is

Deduction is a modern tax service that combines an assistant named Taylor with licensed CPAs to handle tax preparation, planning, and filing. Instead of filling out lengthy questionnaires or navigating complex tax forms, users interact through plain text conversation by chat or email. The service scans documents, cross-references tax laws, surfaces available deductions, and ensures that a licensed tax professional reviews and signs off on every return.

Key features

• Scans uploaded tax documents such as W-2s, 1099s, K-1s, and receipts automatically
• Surfaces federal and state deductions, including equity compensation and home office expenses
• Provides proactive year-round tax planning and retirement contribution advice
• Secures sensitive user documents inside a personal Vault using enterprise-grade encryption
• Backed by a 100% accuracy guarantee covering interest and penalties for mistakes

Who it's for

• Tech employees managing equity compensation like RSUs, ISOs, and ESPPs
• Self-employed contractors and sole proprietors tracking Schedule C business expenses
• Content creators writing off gear, software, and home studio costs
• Tax filers seeking professional accountant help without paying hourly billing rates

Pricing

Deduction is free to use for organizing documents and exploring tax options. Users pay a flat fee of $499 upon filing, which includes unlimited all-year CPA-reviewed advice and the annual tax return submission.