Tax season is the most stressful and demanding time for accountants. There are tight deadlines and complex client regulations, which can be challenging to keep up with.
However, there are ways to make this period easier. Do you know what they are? Using artificial intelligence. With it, you can reduce errors and improve your performance.
If you want to learn more about the subject, keep reading and discover how to speed up your accounting processes!
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AI tools and tax preparation: A perfect match
Every accountant knows that tax season is crucial. Meeting client expectations is necessary to retain their trust and avoid penalties. AI plays a vital role in this, as it can potentially transform the situation.
58% of financial and accounting leaders have already implemented AI technologies. This means there is a 30% reduction in time spent on tax compliance and a 40% decrease in errors. To join this percentage, we present some of these tools:
Turbotax
The first tool we want to introduce you to that will help you during tax season is called Turbotax. It is one of the best tax software options in Spanish that you can use on your mobile. It is beneficial if you have an upcoming tax deadline. Its features are:
- Import and export capabilities: all the app’s plans allow you to scan or upload your tax documents to speed up data entry;
- Accuracy and error checking: the platform offers an accuracy guarantee and ensures that it will pay fines due to calculation errors. The warranty does not apply if it is determined that you entered information incorrectly.
Finally, it offers free forms for filing. It also offers 100% accuracy and audit support for the declaration’s 7-year validity period.
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More about the tool
TurboTax has introduced a new AI-powered assistant feature for the 2025 tax season. The app searches millions of data points to find individual credits and deductions.
It has also been integrated with time-saving financial tools like the QuickBooks app. These are some of the app’s pros. However, they are not the only ones. Below, we will present a summary of the pros and cons.
| Advantages | Disadvantages |
| • Free edition available to 37% of filers.• Helpful for complex tax situations.• Upgrade for instant access to an expert. | • The free edition excludes unemployment income.• It is the most expensive option for many tax situations.• Pricing for online plans is unclear. |
H&R block tax prep – File taxes
The H&R block tax prep – File taxes app offers security services when filing returns. It is very easy to use and allows you to file taxes wherever you want. Its features are:
- Guarantees a higher tax refund;
- Easily import your W-2 through a payroll provider;
- Capture images and upload tax documents to complete forms;
- Offers you personalized help.
- Tracks your tax refund in real time.
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To top off its features, it updates automatically. To use it, you just have to log in and upload your tax return—that’s it! Its pros and cons are listed below.
| Advantages | Disadvantages |
| • It’s affordable.• It offers extensive support options.• You have access to thousands of tax professionals.• It offers multiple ways to file your taxes.• It has a free but limited option.• You can file on Form 1040. | • The full version is expensive.• Some of its add-ons can significantly increase the price you pay. |
TaxAct
The third-to-last on our list to prepare for tax season is TaxAct. Unlike the other tools, this is not an app but an online platform. It is an innovative option to help you file your federal taxes for free. Its main features are:
- It allows you to send your return by mail or print it and send it manually;
- It has a question-and-answer section;
- Practical videos;
- It offers step-by-step instructions for filling out the forms correctly.
Finally, it allows you to file your state returns through TaxACT Online for a small fee. Its pros and cons include the following:
| Advantages | Disadvantages |
| • It has very well-documented information.• It supports several types of tax returns.• It has an easy-to-use interface. | • There is an additional fee for filing state taxes. |
Navigating tax season 2025: What’s new in energy credits?
Energy tax credits are available to commercial entities. But this is not the only recent news; there are also others:
- Energy tax credits for homes;
- 30% in residential clean energy credit;
- The credit will decrease to 26% in 2033 and 22% in 2034;
- You cannot repay the credit but roll it over to future years.
The last new development we want to introduce to you is “the Carbon Credit Initiative for Clean Energy (CE)”, which is testing a transition carbon credit to incentivize the transition of power plants.
Using AI to understand and claim your energy credits
AI is a relatively new technology widely used in the energy system, with benefits in areas such as design, management of networks and end consumption, security, and environmental sustainability. This is a rapid revolution with advances that occur at an unprecedented rate.
Adopting AI for credit risk assessment can turn massive volumes of financial data into useful information. AI can increase your revenue and profitability by predicting outcomes, such as which clients may be eligible for higher credit limits.
Tax Season compliance
Tax season compliance is critical for any business. You must accurately report income, expenses, and any other information related to your taxes to the IRS.
However, this job can be cumbersome. That’s where the apps we’ve presented to you come in.
They can increase accuracy, productivity, and compliance during this tax period. Take advantage of them! And make your life easier. If you want to know more about TurboTax, visit us!
