TaxAct Holdings, Inc. is an American tax preparation software company based in Cedar Rapids, Iowa.
TaxAct Holdings, Inc. was founded in 1998 as 2nd Story Software by Lance Dunn, Jerry McConnell, Cammie Greif, and Alan Sperfslage.
Subsequently, in October of the same year, TaxAct acquired Balance Financial, the company that specializes in personal finance tools and services.
Cinven announced it would combine TaxAct's business with Drake Software, which it acquired the previous year, under a single holding company.
In March 2018 TaxAct Online Freelancer Edition was awarded the title of "The best tax software for independent contractors" by Business Insider.