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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.
About Deduction
Industries
Data & Analytics
Consumer Software
Fintech
AI & Machine Learning
Company Size
1-10
Company Stage
Seed
Total Funding
$2.8M
Headquarters
New York
Founded
N/A
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Simplify's Take
What believers are saying
- IRS Direct File will not return for Filing Season 2026, reducing free competition.
- Deduction launched in November 2025 with $2.8 million from One Way Ventures and Creator Ventures.
- The 2026 site offers $499 annual CPA-reviewed advice and filing, signaling monetization traction.
What critics are saying
- Intuit and H&R Block dominate consumer tax distribution and pricing.
- CPA review keeps labor costs high; margins compress if filing volumes lag.
- If AI misfiles returns, the 100% guarantee creates direct refund and penalty exposure.
What makes Deduction unique
- Taylor, CPAI combines AI tax prep with licensed CPA review, not pure self-serve software.
- Deduction offers text, call, chat, and email workflows, eliminating app friction.
- The firm targets year-round tax advice, not only April filing season.
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Funding
Total Funding
$2.8M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Remote Work Options
Company News
The IRS just confirmed that Direct File — the agency’s short-lived attempt to offer a fast, free, government-run filing option — will not return for the 2026 season, reducing government options for tax filers. Meanwhile, the CPA workforce is shrinking, widening the gap between what taxpayers need and what the system can deliver. That creates […]
Deduction is Hiring for 2 Jobs on Simplify!
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About Deduction
Industries
Data & Analytics
Consumer Software
Fintech
AI & Machine Learning
Company Size
1-10
Company Stage
Seed
Total Funding
$2.8M
Headquarters
New York
Founded
N/A
Deduction is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today