When was TaxAct founded?

TaxAct was founded in 1998 and raised its 1st funding round 7 years after it was founded.

Where is TaxAct located?

TaxAct is headquartered in Dallas, United States.

How many employees does TaxAct have?

As of Aug 31, 2026, the latest employee count at TaxAct is 402.

Is TaxAct a funded company?

TaxAct is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Mar 30, 2005.

How much is TaxAct worth?

The last known valuation of TaxAct was $***** as of Jan 09, 2012.

When was the latest funding round of TaxAct?

TaxAct's latest funding was a $***** PE round on Mar 30, 2005, with participation from 1 investor.

Where does TaxAct rank among its competitors?

TaxAct ranks 6th amongst 557 active competitors, of which 47 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was TaxDown, which secured $4.65M in Mar, 2026.

Who are the top competitors of TaxAct?

TaxAct's top competitors include TaxDown, Numeral One and Lettuce. Among them, TaxDown secured the most recent funding round in March, 2026.

TaxAct - 2026 Company Profile, Team, Funding & Competitors

Q: Is TaxAct an acquired company?

TaxAct got acquired by Cinven on Nov 01, 2022.

Company Details

Software-based tax filing platform for individuals and businesses. It features include federal electronic tax preparation, printing, electronic filing services, tax refunds, and more. It also offers a tax calculator, self-employment calculator, tax bracket calculator, and more. Its app is available for Android and iOS users.

Website: www.taxact.com/
Social
Email ID: *****@taxact.com
Phone Number: +1 **********

Key Metrics

Founded Year

1998

Location

Dallas, United States

Stage

Acquired

Total Funding

$85M in 1 round

Latest Funding Round

PE, Mar 30, 2005, $*****

Last Known Valuation

$***** as on Jan 09, 2012

Investors

TA Associates & 1 more

Ranked

6^th among 557 active competitors

Employee Count

402 as on Aug 31, 2026

Investment & Acquisitions

Balance Financial

Similar Companies

TaxDown & 674 more

Exit Details

Acquired by Cinven (Nov 01, 2022)

View TaxAct's full profile

TaxAct is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TAXACT, INC. CIN: 32062735959 , United States, Active	Sep 28, 2023	-	-	-
2ND STORY SOFTWARE, INC. CIN: 421470199 , United States, Active	Dec 31, 1999	-	139 (As on Dec 31, 2016)	-

TaxAct got acquired by Cinven on Nov 01, 2022 at an acquisition amount of $*****.

Click here to take a look at TaxAct's acquisition in detail

TaxAct has raised a total funding of $85M over 1 round. Its latest funding round was a PE round on Mar 30, 2005 for $*****. 1 investor participated in its latest round. TaxAct has 2 institutional investors.

Here is the list of recent funding rounds of TaxAct:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 30, 2005	5703525	PE	9421886	1982102	7278835	9268612

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View details of TaxAct's funding rounds and investors

The founders of TaxAct are Alan Sperfslage, Jerry McConnell and Cammie Greif.

Here are the details of TaxAct's key team members:

Alan Sperfslage: Co-Founder of TaxAct.
Jerry McConnell: Former Co-Founder of TaxAct.
Cammie Greif: Former Co-Founder of TaxAct.

View details of TaxAct's Founder profiles and Board Members

TaxAct's employee count trend

TaxAct has 402 employees as of Aug 26. Here is TaxAct's employee count trend over the years:

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Top competitors of TaxAct include TaxDown, Numeral One and Lettuce. Here is the list of Top 10 competitors of TaxAct, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TaxDown 2018, Madrid (Spain), Series B	Cloud and app-based tax management solutions for individuals and businesses	$26.1M	Base10 Partners, Abac Nest & 19 others	69/100
2nd	Numeral One 2022, San Francisco (United States), Series B	Software-based sales tax automation management platform	$57M	Benchmark, Y Combinator & 6 others	62/100
3rd	Lettuce 2023, San Francisco (United States), Series A	Automated accounting and tax management software	$52M	Zeev Ventures, Viola FinTech	61/100
4th	Vialto Partners 2022, New York City (United States), Acquired	Tax management, immigration, and mobility solutions for businesses	$225M	CD&R, HPS Investment Partners	60/100
5th	onShore Security 1991, Chicago (United States), Series B	Cyber security solutions provider	$46M	Vertex Ventures, FPV Ventures & 5 others	60/100
6th	TaxAct 1998, Dallas (United States), Acquired	Software-based tax filing platform for individuals and businesses	$85M	TA Associates, Capital Southwest	58/100
7th	TaxBuddy 2018, Mumbai (India), Seed	Provider of assisted and DIY online tax filing services	$3.68M	Zenith Global, Systematix & 40 others	57/100
8th	Filed 2024, Brooklyn (United States), Seed	Provider of AI-powered tax preparation, review, and advisory software	$17.2M	Northzone, Day One Ventures & 4 others	56/100
9th	Tax Systems 1991, Staines upon Thames (United Kingdom), Acquired	Tax compliance and regulatory solutions for businesses	-	Rothschild & Co, Voyager Capital Partners ... & 1 others	56/100
10th	Drake Software 1976, Knoxville (United States), Late Stage	Professional tax preparation software	-	Cinven	55/100