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Tax Preparation Software in the US Procurement Price, Data and Insights
This report is intended to assist buyers of tax preparation software. Tax preparation software allows businesses to complete and file their own taxes electronically. Suppliers are software publishers and include companies ranging from large multinational firms to small specialist developers. Demand comes from a wide range of buyers in the economy, including manufacturing, finance, and retail sectors as well as professional service providers.
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What’s included in this market coverage
IBISWorld's research coverage on the Tax Preparation Software procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Tax Preparation Software market in the United States includes Individual Tax Preparation Software, Business Tax Preparation Software and Tax Professionals Tax Preparation Software. Standard coding in this coverage includes ISIC-582-Software publishing, NACE-58.29-Other Software Publishing, NAICS-513210-Software Publishers and UNSPSC-43231603-Tax preparation software.
What common market terminology is included?
Common market terminology included in the Tax Preparation Software procurement coverage includes E-Filing (Sending a tax return compiled through tax software via the internet to federal or state authorities.), Scalable (Refers to how well hardware or software can function with increasing demands.), Latency (The time it takes for data to pass from one point on a network to another.) and Artificial Intelligence (AI) (A branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.).
What companies are included as top suppliers?
The top companies covered in the Tax Preparation Software procurement report as suppliers are Blucora, Inc., Drake Software Llc, Vertex, Inc., Jackson Hewitt Inc. and CBIZ Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Tax Preparation Software market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per return, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Tax Preparation Software market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Tax Preparation Software procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Tax Preparation Software market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Tax Preparation Software market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Tax Preparation Software?
The 2026 benchmark market price for Tax Preparation Software is $252 per return. Prices have increased at a CAGR of 1.08 from 2023-26.
Who are the top vendors in the Tax Preparation Software market?
The top vendors in the Tax Preparation Software market include Blucora, Inc., Drake Software Llc, Vertex, Inc., Jackson Hewitt Inc. and CBIZ Inc..
What industries supply the Tax Preparation Software market?
The top industries supplying the Tax Preparation Software market are Computer Manufacturing in the US, Semiconductor & Circuit Manufacturing in the US, Data Processing & Hosting Services in the US, IT Consulting in the US, Operating Systems & Productivity Software Publishing in the US and Computer Peripheral Manufacturing in the US.
What is the supply chain risk for Tax Preparation Software?
High supplier concentration limits buyer negotiation leverage and competitive pricing opportunities . The tax preparation software market is dominated by a few large players, with Intuit holding over 25.0% market share. This high concentration reduces competition and constrains buyers' ability to negotiate favorable terms or achieve significant cost savings through supplier switching. Buyers should prioritize contract negotiations, focusing on value-added features, service levels, and long-term support rather than attempting to drive significant price reductions, and are advised to develop robust exit strategies to mitigate dependency risks.
What factors affect the price of Tax Preparation Software?
Features significantly affect the pricing of tax preparation software as they determine the software's usability, efficiency, and value to various customer segments. For instance, advanced features like real-time tax calculations, integration with accounting software, and multi-user capabilities can justify a higher price point, while basic e-filing functions may be offered at a lower price, catering to individual users or small businesses.
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