Overview
Deduction provides a consumer-focused tax platform powered by an agentic AI tax assistant named Taylor (a CPAI). The system organizes documents, identifies deductions and credits, offers year-round tax planning advice, and handles filing. All AI-prepared tax returns are reviewed by human CPAs to ensure accuracy, with a guarantee of filing correctness. The platform targets easy, ongoing tax help and aims to help users save money through smarter tax strategies. Compared with traditional tax filing services, Deduction combines an AI tax advisor with professional CPA verification, offering continuous planning and automated document organization rather than only a one-off filing. The company’s goal is to simplify tax filing for consumers, improve accuracy, and help people keep more of their money through optimized deductions and credits.
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Simplify's Take
What believers are saying
- IRS Direct File ended for Filing Season 2026, reopening paid-filing demand.
- Deduction already completed filings before 2026 tax season, proving early product traction.
- 2025 pre-seed backing from One Way Ventures and Creator Ventures funds customer acquisition.
What critics are saying
- Intuit TurboTax expanded Expert Offices in 2026, crushing Deduction on distribution.
- Deduction's $499 annual price faces direct pressure from TurboTax's $150 Expert Full Service.
- If AI misfiles returns, Deduction's accuracy guarantee creates immediate refund and legal exposure.
What makes Deduction unique
- Taylor, CPAI pairs AI tax prep with licensed CPAs and year-round advice.
- Deduction offers call, text, chat, and email, removing tax-software friction.
- The company prices unlimited CPA-reviewed filing at $499 annually, not per-return.
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