"Americans can easily spend anywhere between $1,000 and $10,000 annually on tax preparation, yet still wait weeks for responses from their accountants, a system that's reaching a breaking point. With three out of four CPAs approaching retirement and accounting program enrollment declining nationwide, the traditional tax preparation industry faces a severe capacity crisis just as tax complexity continues to escalate."
"Deduction addresses this shortage by deploying Taylor, CPAI, the first AI tax accountant built specifically for consumers, that combines autonomous AI capabilities with human CPA oversight to deliver on-demand filings, year-round financial planning, and fast answers for a fraction of traditional costs. Unlike existing AI tax tools designed for professionals, Deduction serves everyday taxpayers through natural communication channels - call, text, chat, or email - with no app or questionnaire required."
Americans spend between $1,000 and $10,000 annually on tax preparation while frequently waiting weeks for accountant responses. Three out of four CPAs are nearing retirement and accounting program enrollment is declining, creating a capacity crisis as tax complexity increases. Deduction deploys Taylor, CPAI, an AI tax accountant for consumers that pairs autonomous AI with human CPA oversight to provide on-demand filings, year-round financial planning, and fast answers at lower cost. Users interact through call, text, chat, or email with no app required. The company completed initial filings, raised $2.8M pre-seed, and is deploying ahead of the 2026 season.
Read at Alleywatch
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