TAXACT* Charge (What It Is + Is It Legit?)
✓ LegitimateThe "TAXACT*" charge is from TaxAct. TaxAct online tax filing service.
TaxAct
TaxAct online tax filing service.
Category
Finance
Avg. Charge
$24.99
Country
US
Billing Cycle
Annual
Cancel At
taxact.com/account
Support
See website
Why does this charge appear?
When TaxAct processes payments for its online tax filing software, the billing system truncates the company name and appends an asterisk to create the descriptor "TAXACT*" on your bank statement, a common formatting convention used by payment processors to flag digital subscription services. The asterisk typically signals that this is a recurring or software-based charge rather than a one-time retail purchase, helping payment networks categorize the transaction correctly. If you recently purchased or renewed a TaxAct tax preparation plan, this annual charge of around $24.99 is almost certainly the source of the TAXACT* entry you're seeing.
What should you do?
Verify Your TaxAct Account Activity
Log in to your TaxAct account at taxact.com and review your account history to confirm whether you recently purchased or renewed a TaxAct tax filing plan. The TAXACT* charge on your bank statement corresponds to a paid TaxAct service tier such as TaxAct Deluxe, Premier, or Self-Employed.
Check Which TaxAct Product You Were Billed For
Inside your TaxAct account at taxact.com, navigate to your order history or billing section to see exactly which product triggered the TAXACT* charge. TaxAct offers both federal and state filing packages, and you may have been billed separately for each, so confirm the amounts match what you see on your bank statement.
Manage or Cancel Your TaxAct Subscription
If you no longer need the TaxAct service or did not intend to be charged, visit taxact.com/account to review your subscription status and make any necessary changes. From there you can cancel auto-renewal to prevent future TAXACT* charges from appearing on your bank statement.
Contact TaxAct Support if the Charge Is Unclear
If you cannot match the TAXACT* charge to a specific purchase or filing product after reviewing your account at taxact.com, reach out directly to TaxAct customer support through their website. Provide the exact charge amount and date so their team can identify the transaction and clarify what service it was tied to.
Is this charge fraudulent?
No, this is a legitimate charge from TaxAct. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.
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