All About TaxAct Premier: Your Guide to Tax Filing for Investors and Property Owners

Executive Summary

• TaxAct Premier is priced at $84.99 for federal filing with an additional $59.99 for state returns as of 2025[1]
• The Premier version is specifically designed for investors, landlords, and home sellers[1]
• TaxAct offers a flat $60 fee for Live Tax Advice and has introduced new Xpert Assist options for 2025[3]
• TaxAct is the only online filing software for many small businesses, including S Corps[3]

If you’re an investor, property owner, or have complex tax situations involving rental income or stock transactions, tax season can quickly become overwhelming. TaxAct Premier offers a comprehensive solution designed specifically for these more complex financial scenarios. This article explores everything you need to know about TaxAct Premier, including its latest features, pricing, and how cloud hosting can enhance your tax preparation experience.

What is TaxAct Premier?

TaxAct Premier is a specialized tax preparation software designed for taxpayers with more complex financial situations. It sits between TaxAct Deluxe (for homeowners and families) and TaxAct Self-Employed (for freelancers and small business owners) in the TaxAct product lineup.

Who Should Use TaxAct Premier?

TaxAct Premier is specifically designed for:

• Investors managing stock portfolios
• Cryptocurrency traders
• Rental property owners
• Home sellers
• Those with foreign bank accounts
• Anyone with investment income requiring Schedule D or E

The software provides specialized tools and forms to handle these complex tax situations while maximizing potential deductions and minimizing tax liability.

TaxAct Premier 2025 Pricing and Features

Current Pricing Structure

For the 2025 tax season (filing 2024 taxes), TaxAct Premier is priced at $84.99 for federal tax filing, with state returns costing an additional $59.99 per state[1]. However, it’s worth noting that TaxAct frequently offers promotional pricing throughout the tax season, with some reports showing discounted rates as low as $49.99 for the Premier version[2].

Key Features of TaxAct Premier

• Investment Income Support: Comprehensive tools for reporting stock transactions, dividends, and capital gains/losses[1]
• Cryptocurrency Reporting: Specialized features for reporting crypto transactions[1]
• Rental Property Tools: Dedicated sections for managing rental income and expenses[1]
• Real Estate Transaction Support: Tools for reporting home sales and calculating related tax implications[1]
• Multiple Import Options: Ability to transfer data from previous returns and import W-2s, stock information, and charitable donations
• Donation Assistant: Tracks charitable contributions and provides audit-backed values for maximum deductions
• TaxAct Alerts: Identifies potential errors or omissions to reduce audit risk
• Free Amended Returns: Allows filing Form 1040X at no additional cost if needed

What’s New in TaxAct for 2025

Simplified Pricing Structure

TaxAct has updated its pricing model to make costs more transparent. Live Tax Advice is now available for a flat fee of $60, while state returns are consistently priced at $59.99 each[3].

Enhanced Support Options

• Xpress Connect for Individual Filers: A 20-minute session with a credentialed tax expert for quick questions[3]
• Xpert Assist Premium Complete Care: Combines unlimited access to expert tax filing assistance, comprehensive return review, audit defense, and e-file concierge service[3]
• Xpert Assist Premium Xpert Review: Provides a detailed review of your return by a tax expert before filing, with the option for them to sign and e-file on your behalf[3]

Updated Tax Law Support

The 2025 version includes support for the latest tax law changes, including:

• Updated 1099-K reporting requirements
• Adjusted tax brackets for inflation
• Current credits, deductions, and other limits[3]

Federal Tax Forms and Schedules Supported

TaxAct Premier supports all the forms included in the Basic and Deluxe versions, plus specialized forms for investments and property income, including:

• Schedule D (Capital Gains and Losses)
• Schedule E (Supplemental Income and Loss)
• Form 8949 (Sales and Dispositions of Capital Assets)
• Form 4797 (Sales of Business Property)
• Various other specialized forms for complex tax situations

TaxAct Premier vs. Other Tax Software Options

When comparing tax software options, it’s important to consider your specific needs and budget. Here’s how TaxAct Premier stacks up against similar offerings:

TaxAct Premier generally offers competitive pricing compared to similar tiers from other major tax software providers, making it an attractive option for cost-conscious filers with complex tax situations[1].

Enhancing TaxAct with Cloud Hosting Solutions

While TaxAct Premier offers robust features for complex tax situations, accounting professionals and firms can further enhance their tax preparation workflow by utilizing cloud hosting solutions. This is where specialized services like Verito can provide significant advantages.

Benefits of Cloud Hosting for Tax Software

• Remote Accessibility: Access your tax software and client data from anywhere with an internet connection
• Enhanced Collaboration: Multiple team members can work on the same tax files simultaneously
• Improved Security: Enterprise-grade security measures protect sensitive financial data
• Automatic Backups: Regular data backups ensure you never lose important client information
• Scalability: Easily adjust resources during peak tax season
• Compliance Support: Helps maintain compliance with IRS and FTC standards

For accounting firms and tax professionals handling multiple clients, cloud hosting solutions can significantly streamline workflows and improve productivity, especially during the busy tax season.

Making the Most of TaxAct Premier

To maximize your experience with TaxAct Premier, consider these best practices:

1. Gather all financial documents before starting: Having all your investment statements, property records, and other financial information organized will streamline the tax preparation process.
2. Take advantage of import features: Use TaxAct’s import capabilities to automatically pull in W-2s, investment information, and prior year returns to save time and reduce errors.
3. Explore all deduction opportunities: TaxAct Premier includes tools to help identify potential deductions related to investments and rental properties—make sure to explore all sections thoroughly.
4. Use the built-in guidance: Take advantage of TaxAct’s help features and guidance to ensure you’re completing all required forms correctly.
5. Consider professional support: For particularly complex situations, utilize TaxAct’s expert assistance options for additional guidance.

Final Thoughts

TaxAct Premier offers a comprehensive solution for taxpayers with investments, rental properties, and other complex financial situations. With its competitive pricing at $84.99 for federal filing plus $59.99 per state return[1], it provides a cost-effective alternative to more expensive tax preparation options while still delivering the specialized features needed for complex returns.

The 2025 updates, including simplified pricing for Live Tax Advice and new Xpert Assist options[3], further enhance the value proposition for investors and property owners looking for reliable tax preparation software.

For tax professionals and accounting firms managing multiple clients, pairing TaxAct Premier with a specialized cloud hosting solution can create an even more powerful tax preparation environment with anytime, anywhere access and enhanced security features.

Whether you’re filing your own complex return or preparing taxes for clients, TaxAct Premier provides the tools needed to navigate investment income, property transactions, and other sophisticated tax scenarios with confidence.

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