Tax software is a type of computer program designed to help individuals and businesses prepare and file their tax returns. It simplifies the process by guiding users through various forms and calculations, ensuring that they report their income and deductions accurately. Many programs also offer features like importing financial data and checking for potential errors. These software solutions often come with built-in tax law updates, making it easier for users to stay compliant with current regulations. Some popular examples of tax software include TurboTax, H&R Block, and TaxAct, which cater to different needs and levels of complexity.