Tax Preparation Software is a digital tool designed to help individuals and businesses prepare and file their tax returns. It simplifies the process by guiding users through various tax forms and calculations, ensuring they meet all necessary requirements. Many software options also offer features like importing financial data and maximizing deductions. These programs often include built-in error checks and e-filing capabilities, allowing users to submit their returns electronically. Popular examples of Tax Preparation Software include TurboTax, H&R Block, and TaxAct, each providing different levels of support and pricing to cater to various needs.