TaxAct 2020 Sole Proprietor Edition

Tax Filing for Sole Proprietors & Self-employed Business Owners

Tax preparation software designed to give you the maximum tax benefit for business income, expenses and depreciation

Deduction Maximizer

Keep more of your earnings with a simple tool designed for self-employed filers and sole proprietors like you. Take advantage of the deductions most commonly claimed by other small business owners in your field - an easy way to reduce your taxable income. Learn More

Perfect for your unique situation

Easily report income, expenses, depreciation and more. Whether you're a small business owner, sole proprietor, or self-employed, TaxAct Sole Proprietor has everything you need to file fast.

Multiple import options to save time

Transfer vital personal data from last year's tax return, including information required for IRS e-file. Plus, minimize errors by importing charitable donations, stocks, W-2s, and more!

All the free support you need

Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for free account & technical support when you need it.

Easily import & record your capital gains

Quickly import all of your stock data or use Stock Assistant's quick entry tools. You'll save time, minimize errors, and get a final summary of your investment income.

Reduce your audit risk with TaxAct Alerts

TaxAct inspects your return for errors and omissions that could increase your risk of an audit, and finds valuable tax-saving opportunities you may have missed.

Finds all your credits & deductions

Maximize your deductions and minimize your taxes with TaxAct Sole Proprietor. All the forms & features you need are included so you get your guaranteed maximum refund.

Free Amended Tax Returns

Need to amend your IRS return? File Form 1040X at any time - no upsells or upgrades required.

Finish your state return in minutes

Your federal information automatically flows into your state tax forms so you can finish and file your state return in minutes!

Step-by-step guidance for maximum refund

Your return is guaranteed 100% accurate, and you'll get your maximum refund the fastest way possible with e-file.

Bookmarks

Navigate your return on your terms. Simply Bookmark a question to return to it at any time.

My Forms

Get a personalized view of the forms and schedules included in your return. Easily add copies of needed documents and view your in-progress forms.

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Windows Versions

  • Chrome Logo Chrome Latest Version
  • Firefox Logo Firefox Latest Version
  • Internet Explorer Logo Internet Explorer 11
  • Microsoft Edge Logo Microsoft Edge

After January 10, 2023, Microsoft will no longer provide security updates or support for PCs running Windows 8.1. For the best experience and security of your data, you will need to update your system to Windows 10 or 11.

Included IRS Tax Forms:

Form 1040
U.S. Individual Income Tax Return
Form 1040ES
Estimated Tax Vouchers
Form 1040ES
Estimated Tax Vouchers For Nonresident Alien Individuals
Form 1040NR
U.S. Nonresident Alien Income Tax Return
Form 1040NREZ
U.S. Income Tax Return for Certain Nonresident Aliens With No Dependents
Form 1040SS
U.S. Self Employment Tax Return
Form 1040V
Payment Voucher
Form 1040X
Amended U.S. Individual Income Tax Return
Form 1045
Application for Tentative Refund
Form 1116
Foreign Tax Credit
Form 1116
Foreign Tax Credit for AMT
Form 1127
Application for Extension of Time for Payment of Tax Due to Undue Hardship
Form 1310
Refund Due a Deceased Taxpayer
Form 14039
Identity Theft Affidavit
Form 2106
Employee Business Expenses
Form 2120
Multiple Support Declaration
Form 2210
Underpayment of Estimated Tax by Individuals Estates and Trusts
Form 2210F
Underpayment of Estimated Tax by Farmers and Fishermen
Form 2441
Child and Dependent Care Expenses
Form 2555
Foreign Earned Income
Form 2848
Power of Attorney and Declaration of Representative
Form 3115
Application for Change in Accounting Method
Form 3468
Investment Credit
Form 3800
General Business Credit
Form 3903
Moving Expenses
Form 4136
Credit for Federal Tax Paid on Fuels
Form 4137
Tax on Unreported Tip Income
Form 4562
Depreciation and Amortization
Form 4563
Exclusion of Income for Bona Fide Residents of American Samoa
Form 4684
Casualties and Thefts
Form 4797
Sales of Business Property
Form 4835
Farm Rental Income and Expenses
Form 4868
Application for Automatic Extension of Time to File
Form 4952
Investment Interest Expense
Form 4972
Tax on Lump Sum Distributions
Form 5074
Allocation of Individual Income Tax to Guam or the CNMI
Form 5329 (Spouse)
Additional Taxes on Qualified Retirement Plans
Form 5329 (Taxpayer)
Additional Taxes on Qualified Retirement Plans
Form 5405
Repayment of the First Time Homebuyer Credit
Form 5471
Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Form 5695
Residential Energy Credits
Form 5884
Credit for Affected Disaster Area Employers
Form 5884A
Work Opportunity Credit
Form 6198
At Risk Limitations
Form 6251
Alternative Minimum Tax
Form 6252
Installment Sale Income
Form 6478
Biofuel Producers Credit
Form 6765
Credit for Increasing Research Activities
Form 6781
Gains and Losses From Section 1256 Contracts and Straddles
Form 7202
Credits for Sick Leave and Family Leave for Certain Self Employed Individuals
Form 8283
Noncash Charitable Contributions
Form 8332
Release/Revocation of Release of Claim to Exemption
Form 8379
Injured Spouse Allocation
Form 8396
Mortgage Interest Credit
Form 8453
Tax Transmittal for EFile
Form 8582
Passive Activity Loss Limitations
Form 8582CR
Passive Activity Credit Limitations
Form 8586
Low Income Housing Credit
Form 8594
Asset Acquisition Statement Under Section 1060
Form 8606
Nondeductible IRAs
Form 8606
Inherited Nondeductible IRAs
Form 8609
Low Income Housing Credit Allocation and Certification
Form 8609A
Annual Statement for Low Income Housing Credit
Form 8615
Tax For Certain Children Who Have Unearned Income
Form 8621
Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
Form 8689
Allocation of Individual Income Tax to the U.S. Virgin Islands
Form 8801
Credit for Prior Year Minimum Tax
Form 8814
Parents' Election to Report Child's Interest and Dividends
Form 8815
Exclusion of Interest From Series EE & I U.S. Savings Bonds Issued After 1989
Form 8820
Orphan Drug Credit
Form 8822
Change of Address
Form 8824
Like Kind Exchanges
Form 8826
Disabled Access Credit
Form 8828
Recapture of Federal Mortgage Subsidy
Form 8829
Expenses for Business Use of Your Home
Form 8833
Treaty Based Return Position Disclosure Under Section 6114 or 7701(b)
Form 8835
Renewable Electricity, Refined Coal, and Indian Coal Production Credit
Form 8839
Qualified Adoption Expenses
Form 8840
Closer Connection Exception Statement for Aliens
Form 8843
Statement for Exempt Individuals and Individuals With a Medical Condition
Form 8844
Empowerment Zone Employment Credit
Form 8845
Indian Employment Credit
Form 8846
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
Form 8853
Archer MSAs and LTC Insurance Contracts
Form 8862
Information to Claim EIC After Disallowance
Form 8863
Education Credits
Form 8864
Biodiesel and Renewable Diesel Fuels Credit
Form 8874
New Markets Credit
Form 8880
Credit for Qualified Retirement Savings Contributions
Form 8881
Credit for Small Employer Pension Plan Startup Costs
Form 8882
Credit for Employer Provided Childcare Facilities and Services
Form 8885 (Spouse)
Health Coverage Tax Credit
Form 8885 (Taxpayer)
Health Coverage Tax Credit
Form 8888
Allocation of Refund (Including Bond Purchases)
Form 8889 (Spouse)
Health Savings Accounts
Form 8889 (Taxpayer)
Health Savings Accounts
Form 8896
Low Sulfur Diesel Fuel Production Credit
Form 8900
Qualified Railroad Track Maintenance Credit
Form 8903
Domestic Production Activities Deduction
Form 8906
Distilled Spirits Credit
Form 8908
Energy Efficient Home Credit
Form 8910
Alternative Motor Vehicle Credit
Form 8911
Alternative Fuel Vehicle Refueling Property Credit
Form 8915B
Qualified 2017 Disaster Retirement Plan Distributions and Repayments
Form 8915B
Qualified 2017 Disaster Retirement Plan Distributions and Repayments
Form 8915C
Qualified 2018 Disaster Retirement Plan Distributions and Repayments
Form 8915C
Qualified 2018 Disaster Retirement Plan Distributions and Repayments
Form 8915D
Qualified 2019 Disaster Retirement Plan Distributions and Repayments
Form 8915D
Qualified 2019 Disaster Retirement Plan Distributions and Repayments
Form 8915E
Qualified 2020 Disaster Retirement Plan Distributions and Repayments
Form 8915E
Qualified 2020 Disaster Retirement Plan Distributions and Repayments
Form 8917
Tuition and Fees Deduction
Form 8919 (Spouse)
Uncollected Social Security and Medicare Tax on Wages
Form 8919 (Taxpayer)
Uncollected Social Security and Medicare Tax on Wages
Form 8923
Mine Rescue Team Training Credit
Form 8932
Credit for Employer Differential Wage Payments
Form 8933
Carbon Dioxide Sequestration Credit
Form 8936
Qualified Plugin Electric Drive Motor Vehicle Credit
Form 8938
Statement of Specified Foreign Financial Assets
Form 8941
Credit for Small Employer Health Insurance Premiums
Form 8949
Sales and Other Dispositions of Capital Assets
Form 8958
Allocation of Tax Amounts Between Certain Individuals in Community Property States
Form 8959
Additional Medicare Tax
Form 8960
Net Investment Income Tax
Form 8962
Premium Tax Credit (PTC)
Form 8990
Limitation on Business Interest Expense Under Section 163(j)
Form 8995
Qualified Business Income Deduction Simplified Computation
Form 8995A
Qualified Business Income Deduction
Form 8997
Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments
Form 9465
Installment Agreement Request
Form 965
Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System
Form 982
Reduction of Tax Attributes Due to Discharge of Indebtedness
Form W7
Application for IRS Individual Taxpayer Identification Number
Form W7 (COA)
Certificate of Accuracy for IRS Individual Taxpayer Identification Number

Included Tax Schedules:

Schedule 8812
Child Tax Credit
Schedule A (Form 1040)
Itemized Deductions
Schedule A (Form 1040NR)
Itemized Deductions
Schedule B
Interest and Ordinary Dividends
Schedule C
Profit or Loss From Business
Schedule C
Profit or Loss From Business For Statutory Employees
Schedule D
Capital Gains and Losses
Schedule E
Supplemental Income and Loss
Schedule EIC
Earned Income Credit
Schedule F
Profit or Loss From Farming
Schedule H
Household Employment Taxes
Schedule J
Income Averaging for Farmers and Fishermen
Schedule LEP
Limited English Proficiency
Schedule NEC (Form 1040NR)
Tax on Income Not Effectively Connected With a U.S. Trade or Business
Schedule OI (Form 1040NR)
Other Information
Schedule R
Credit for the Elderly or the Disabled
Schedule SE (Spouse)
Self Employment Tax
Schedule SE (Taxpayer)
Self Employment Tax
*Offer Details & Disclosures

TaxAct Costs Less: “File for less” and percentage savings claims based on comparison with TurboTax federal pricing for paid consumer online 1040 filing products on 4/24/2023.

Maximum Refund Guarantee: If an error in our software causes you to receive a smaller refund or larger tax liability than you receive using the same data with another tax preparation product, we will pay you the difference in the refund or liability up to $100,000 and refund the applicable software fees you paid us. Find out more about our Maximum Refund Guarantee.

$100k Accuracy Guarantee: If you pay an IRS or state penalty or interest because of a TaxAct calculation error, we'll pay you the difference in the refund or liability up to $100,000. This guarantee applies only to errors contained in our consumer prepared tax return software; it doesn't apply to errors the customer makes.  Find out more about our $100k Accuracy Guarantee.

Satisfaction Guarantee: If you are not 100% satisfied with any TaxAct product, you may stop using the product prior to printing or filing your return. We are unable to refund fees after you print or e-file your return.

TaxAct Xpert Assist: TaxAct® Xpert Assist is available as an added service to users of TaxAct’s online consumer 1040 product. Additional fees apply. Unlimited access refers to an unlimited quantity of expert contacts available to each customer. Service hours limited to designated scheduling times and by expert availability. Some tax topics or situations may not be included as part of this service. Review of customer return is broad, does not extend to source documents and is not intended to be comprehensive; expert is available to address specific questions raised by customer. View full TaxAct Xpert Assist Terms and Conditions.

Start Free and File Free: The TaxAct Online Free Edition makes free federal  filing available for basic returns only. Not everyone has a basic return. Find out if you have a basic return and more about what this year’s Free Edition  includes.  For all other online products, you can start free and pay only when you file. This means you will not be charged if you decide to stop using any product prior to printing or e-filing.

Edition Pricing: Actual prices are determined at the time of payment, print, or e-file and are subject to change without notice. Add sales tax for applicable orders. Offers may end at any time and promotional offers may not be combined.

Deduction Maximizer: TaxAct's Deduction Maximizer guides you step by step through the process of completing your return in a way that helps you uncover additional tax advantages and helps you maximize your deductions by checking dozens of additional deductions we know from experience folks don't think to look for. Each deduction you claim may reduce the amount of tax you owe, resulting in a lower IRS bill overall.

All-Inclusive Bundle: All-inclusive is a collection of select products and services that may be used to enhance your DIY 1040 tax preparation and filing experience. The offer does not include additional state(s) returns. If you choose to pay for your bundle using Refund Transfer, then the Refund Transfer is no additional cost to you and will be included in the bundle price. Percent savings based on a la carte pricing. Final price, including added sales taxes, is determined at the time of filing and subject to change without notice.

Audit Defense: See Audit Defense provided by Tax Protection Plus (PDF)  for further details of services and requirements. May not apply to certain forms and credits. Certain customers may not qualify for services based on past tax audit history, residency, or other factors. Audit Defense is not insurance. Audit Defense is subject to terms and conditions (PDF)  located on Tax Protection Plus's website.

Paid Advertising:  TaxAct, Inc. gets fees from some third parties that provide offers to its customers. This compensation may affect what and how we communicate their services to you. TaxAct is not a party to any transactions you may choose to enter into with these third parties.

Refund Transfer: Refund Transfers are fee- based products offered by Republic Bank & Trust Company, Member FDIC.  A Refund Transfer Fee and all other authorized amounts will be deducted from the taxpayer’s tax refund.

Refer-A-Friend: Offer valid through October 31, 2023. For each friend you refer to TaxAct who did not prepare and file using us last year, you get a $20 Amazon.com Gift Card after they file their taxes using TaxAct’s 2022 Deluxe, Premier or Self-Employed product. Even better, they get 20% off our federal tax filing products by using the share link you provide! It’s not every day you get to be somebody’s hero and make money doing it.

Amazon.com is not a sponsor of this promotion. Except as required by law, Amazon.com Gift Cards ("GCs") cannot be transferred for value or redeemed for cash. GCs may be used only for purchases of eligible goods at Amazon.com or certain of its affiliated websites. For complete terms and conditions, see www.amazon.com/gc-legal. GCs are issued by ACI Gift Cards, Inc., a Washington corporation. All Amazon ®, TM & © are IP of Amazon.com, Inc. or its affiliates. No expiration date or service fees.

This offer is for TaxAct’s consumer federal, online 1040 returns and is subject to specific terms and conditions. See terms and conditions for more information. Offer is subject to change. The value of your gift card is dependent on the offer available at the time you make the referral.

My TaxPlan™: Your customized My TaxPlan features potential refund-growing opportunities and easy-to-follow instructions based on information you provide for your current tax return. Refund boost claimed in advertising calculated using recent IRS statistics and trade press regarding contributions to retirement accounts. We will highlight other potential savings, too, so your refund boost could be bigger.

Return Import: TaxAct can import the data you filed last year with us or your return from PDF files of 1040 returns prepared by many but not all tax prep software solutions.

TaxAct E-File Concierge™ service provides phone calls and related support regarding federal e-file status changes using the phone number provided in My Account. Service is subject to availability and limited to federal e-filed tax returns.

Quick Start Options:  Customers can save time by importing prior year tax returns. TaxAct can import a PDF of prior year returns from most competitors and will automatically import prior year return information if filed with TaxAct. To ensure accuracy, we will ask you to validate any information imported.

Most Popular: TaxAct Deluxe is our most popular product among our online customers with more complex tax situations.

Over 90 Million Returns Filed: Based on e-filed federal returns through TaxAct Consumer and TaxAct Professional software since 2000.

Refund Amounts Shown: Actual refund amounts vary based on your tax situation. Number shown in illustrations are based on IRS published data stating that average 2022 tax refunds were more than $3039. See IRS article for more information.

Trademarks: All trademarks not owned by TaxAct, Inc. that appear on this website are the property of their respective owners, who are not affiliated with, connected to, or sponsored by or of TaxAct, Inc. TurboTax is a registered trademark of Intuit, Inc. H&R Block is a registered trademark of HRB Innovations, Inc.