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AI Tools for Tax Preparers
AI tools that help tax preparers research tax codes, verify client information, and generate compliant tax documents faster.
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CategoryAmountDetail
Standard Deduction$22,500Head of household filing status
Child Tax Credit$2,000/childPer qualifying dependent under 17
EITC Max (3+ children)$8,046Phase-out begins at $29,500 HoH
Dependent Care CreditUp to $1,050Per child under 13 for work-related care
2026 projected figures — IRS inflation adjustments pending final publication
Tax code and regulation research
Quickly look up current tax brackets, deductions, credits, and filing requirements without searching through IRS publications. Get year-specific guidance so your clients get accurate advice.
What are the 2026 tax brackets for single filers and the phase-out for the Earned Income Tax Credit?
Single filers: 10% ($0-$11.6K), 12% ($11.6K-$47.2K), 22% ($47.2K-$100.5K). EITC phases out at $59.2K with max credit of $3,995 for 3+ children.
ToolRouter lookup_tax_data
BracketRateIncome range
110%$0–$11,600
212%$11,601–$47,200
322%$47,201–$100,500
EITC Phase-outN/ABegins $59,200 · max credit $3,995 (3+ children)
2026 projected brackets — final IRS inflation adjustment pending
Client verification and compliance screening
Screen clients against sanctions lists, PEP databases, and compliance watchlists before taking on their tax work. Identify high-risk clients upfront and ensure your firm stays compliant.
Screen these three new clients: Robert Chen, Susan Martinez, and David Kowalski. Check against OFAC and PEP lists.
All three cleared. No matches in OFAC, PEP, or enforcement databases. Safe to proceed with intake.
ToolRouter screen_compliance
Robert Chen
No matches — OFAC, PEP, enforcement databases clear
Susan Martinez
No matches — OFAC, PEP, enforcement databases clear
David Kowalski
No matches — OFAC, PEP, enforcement databases clear
Overall Result
All 3 clients cleared — safe to proceed with intake
Business structure tax planning
Research the tax implications of different business entities (S-corp, LLC, C-corp, partnership) for your clients. Compare federal and state treatment so you can recommend the most tax-efficient structure.
Compare the federal tax treatment of an S-corp vs. an LLC for a $500K consulting business in California with one owner.
S-corp: Self-employment tax savings ~$15K/year but higher compliance costs. LLC: More flexibility, simpler compliance, but full SE tax on $500K. Recommend S-corp if owner can run reasonable W-2 salary.
ToolRouter research
S-Corp SE Tax Savings
Approx. $15,000/year — pay reasonable W-2 salary, rest as distribution
S-Corp Compliance Costs
Higher: payroll, Form 1120-S, quarterly deposits — est. $2,500–$4,000/year
LLC Simplicity
Single-member LLC: Schedule C, no separate entity return, simpler compliance
LLC SE Tax
Full self-employment tax on $500K net profit — approx. $28,000 more than S-corp
Recommendation
S-corp structuring recommended if owner can sustain reasonable W-2 salary
Investment income and capital gains reporting
Look up current capital gains rates, holding periods, and wash sale rules. Cross-reference SEC filings and economic data to help clients understand the tax impact of their investments.
A client sold Apple stock held for 14 months at a $15,000 gain. What's the federal tax on the gain if their income is $180K (married filing jointly)?
Long-term capital gains rate: 15%. Federal tax on $15K gain: $2,250. Combined with ordinary income, their marginal rate is 24%, so consider timing next year's sales.
ToolRouter search_filings
Holding Period
14 months — qualifies as long-term capital gain
LTCG Rate (MFJ $180K income)
15% — falls in 15% bracket for married filing jointly
Federal Tax on $15K Gain
$2,250
Planning Note
Marginal ordinary rate is 24% — consider timing future sales to stay in 15% LTCG bracket
Estimated quarterly tax planning
Calculate estimated tax payments for self-employed and freelance clients using their income projections and previous tax returns. Generate payment schedules and safe-harbor estimates.
A freelance designer expects $120K income this year and paid $18K in federal income tax last year. Calculate 2026 estimated quarterly payments.
Estimated federal tax: ~$21K. Quarterly payments: $5,250 each (due Apr 15, Jun 15, Sep 15, Jan 15). Safe harbor: 90% of 2026 tax or 100% of 2025 tax ($18K).
ToolRouter calculate_payments
Quarterly Payment ($)
Ready-to-use prompts
Research 2026 tax brackets
Look up the 2026 federal tax brackets for all filing statuses (single, married filing jointly, head of household, married filing separately). Include standard deductions.
Client compliance screening
Screen a new client named Elizabeth Thompson against OFAC, PEP, and sanctions databases. Report any matches and risk level.
Calculate quarterly estimates
A self-employed accountant expects $250K net income in 2026 and paid $55K federal tax in 2025. Calculate safe-harbor quarterly estimated payments.
Research business entity taxes
Compare the federal tax consequences of operating as an S-corp vs. a single-member LLC for a $300K consulting business. Assume owner will take 50% as W-2 salary.
Capital gains reporting
Client sold 100 shares of Microsoft at $400/share (held 8 months, basis $350). They also have $8K long-term gains. Compute federal tax at 22% ordinary income bracket.
Retirement account contribution limits
Look up 2026 contribution limits for traditional IRA, Roth IRA, SEP-IRA, and Solo 401(k). Include catch-up amounts for age 50+.
Research charitable deduction substantiation
What are the current IRS rules for substantiating charitable donations under $250 and over $250 for 2026?
Economic data for business deductions
Get 2025 Census data on average home office square footage and business use depreciation guidance for home office deductions.
Tools to power your best work
Deep ResearchAI research reports with citations
Tax ReferenceUS tax brackets, rates & limits
Financial CalculatorDCF, bonds, options & portfolios
Compliance ScreeningAML, sanctions, PEP & due diligence investigations
Economic DataCensus, FRED, and labor stats
165+ tools.
One conversation.
Everything tax preparers need from AI, connected to the assistant you already use. No extra apps, no switching tabs.
New client tax intake workflow
Onboard a new client efficiently: screen for compliance, research their tax situation, and identify tax planning opportunities.
Year-end tax planning
Plan year-end tax strategies for clients: identify optimization opportunities, calculate projections, and advise on timing.
Investment tax reporting
Handle investment income and capital gains: look up current rates, calculate tax liability, and prepare K-1/1099 guidance.
Frequently Asked Questions
Does Tax Reference cover state and local tax (SALT) information?
Tax Reference focuses on federal tax code, brackets, and requirements. For state-specific rules, you should verify with your state tax authority or use state-specific tax software, as SALT rules vary significantly by jurisdiction.
How current is the tax information in these tools?
Tax Reference is updated annually for new tax years and reflects current IRS guidance. However, tax law changes throughout the year, so always cross-check with the latest IRS publications and notices for real-time updates.
Can I use this for clients in multiple states?
Yes, these tools help with federal tax planning. For multi-state clients, you'll need to supplement with state income tax software and research the specific state rules where your clients have income or residency.
How does Compliance Screening help with client onboarding?
It screens clients against OFAC, PEP databases, and sanctions lists upfront. This helps you identify high-risk clients before you engage them, protecting your firm from compliance violations.
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