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Deduction

About Deduction
Deduction focuses on AI assisted U.S. tax preparation, filing, and year round advice for individuals who want fast answers without losing the reassurance of human CPAs. At its core is Taylor, CPAI, an AI tax assistant that drafts returns, finds deductions, and answers questions, while licensed CPAs verify the work and file with the IRS. The service targets people who have outgrown basic DIY tax software, offering conversational support by email, chat, or phone instead of long questionnaires and clunky forms. Key Features: Taylor, CPAI tax assistant: An AI agent trained on U.S. tax law that answers tax questions in plain English, runs “what if” scenarios, and prepares returns for CPA review. Hybrid AI plus CPA workflow: Taylor, CPAI organizes documents, analyzes your situation, and produces IRS ready forms, which are then checked and signed off by licensed CPAs before filing. Proactive, year round planning: The system supports questions any time of year on topics like retirement contributions, stock options, startup equity, and estimated payments, not just April crunch time. Complex tax scenario support: Designed for RSUs, ISOs, NSOs, crypto trades, rental properties, K 1s, and multi state filing that often break standard consumer tax tools. Secure document Vault: A personal Vault stores tax documents with bank grade, IRS recommended encryption, with selective document fetching plus simple uploads and email forwarding. 100% accuracy guarantee: If a mistake caused by Deduction results in interest or penalties, the firm covers those costs, subject to its terms.
Key features
- AI tax assistant that drafts returns and finds deductions
- Hybrid AI plus CPA workflow for accurate filings
- Proactive year-round planning for complex tax scenarios
- Secure document Vault with bank-grade encryption
- 100% accuracy guarantee for mistake coverage
- Conversational support by email, chat, or phone
Use cases
- Tech and startup employees handling ISOs, NSOs, RSUs, and liquidity events
- High earning professionals and freelancers seeking strategic deductions and entity questions
- Investors and active traders requiring guidance on capital gains, tax loss harvesting, and crypto tax treatment
Pros
- Combines AI tax assistant (Taylor, CPAI) with licensed CPAs for hybrid workflow
- Offers year-round tax advice, planning, and filing support beyond seasonal crunch time
- Provides conversational support via email, chat, or phone instead of lengthy questionnaires
- Guarantees 100% accuracy with coverage for IRS-related penalties or interest due to mistakes
- Secure document storage with bank-grade, IRS-recommended encryption in a personal Vault
Cons
- Pricing may be higher than basic DIY tax software for simple returns
- Limited to U.S. tax preparation and filing, excluding international tax scenarios
- Accuracy guarantee excludes additional taxes owed, only covering penalties or interest
Frequently asked questions about Deduction
What is Deduction and who is it for?
Deduction is an AI-assisted tax service that combines an AI tax assistant named Taylor, CPAI, with licensed CPAs to provide tax preparation, filing, and year-round advice. It targets individuals who seek faster answers and proactive planning than traditional DIY tax software, while still receiving the reassurance of human expertise.
How does Deduction use AI and CPAs together?
Taylor, CPAI, the AI tax assistant, organizes documents, analyzes tax situations, drafts returns, and provides answers in plain English. Licensed CPAs then review, verify, and file the returns, ensuring accuracy and compliance with IRS standards.
What types of tax scenarios does Deduction support?
Deduction is designed for complex tax situations such as RSUs, ISOs, NSOs, crypto trades, rental properties, K-1s, and multi-state filings. It also supports year-round planning for topics like retirement contributions, stock options, and estimated payments.
How does Deduction handle document security and privacy?
All sensitive information is stored in a personal Vault with bank-grade, IRS-recommended encryption. Documents can be uploaded, emailed, or fetched proactively, and access is strictly controlled by the user.
What is Deduction’s pricing model?
New clients pay a flat fee to access unlimited CPA-reviewed advice and annual filing. Existing clients continue with the same pricing structure from the previous year. The service is free to use for advice and planning, with payment required only for filing.
Does Deduction offer any guarantees?
Yes, Deduction offers a 100% accuracy guarantee. If a mistake caused by Deduction results in interest or penalties, the firm covers those costs, subject to the terms outlined in their service agreement.
Deduction Website Engagement
Last Update: 9 days ago
Monthly Traffic
Traffic Sources
Traffic Share By Country
- United States85.4%
- India14.6%