Americans spend six billion hours on tax filing per year, and tax inefficiencies cost $260B annually [Source]. Also, there is a shortage of 340K accountants in the US.
TaxGPT is an AI tax assistant for personal taxes and businesses and an AI co-pilot for tax professionals.
How TaxGPT works:
Users enter their tax questions into an AI chat box. For example, they can inquire about a tax credit for a dependent, medical care, or EVs.
TaxGPT searches millions of tax documents from trusted sources (e.g., IRS rules, state tax laws and tax court judgments) and provides an answer citing the sources and including up-to-date information.
Tax pros can use TaxGPT for research, memo-writing, and AI-powered client management tools.
The founder, Kashif Ali, was inspired to create TaxGPT out of frustration with a tax question he couldn’t answer after 30 minutes.
Kash discovered LAUNCH through a tweet of Jason’s asking folks rejected by Y Combinator to email their application to yc@launch.co. Shortly after, he attended Founder University cohort 5 with his cofounder, Isabella Maceda-Ali.
The MVP was launched 12 hours after ideation and crossed 500+ users in one week. The team was accepted into LAUNCH Accelerator cohort 30, and Kashif is now becoming credentialed as a tax preparer. TaxGPT has 10,000+ users, including 1000+ tax firms.
If you're a builder-founder interested in fundraising and growth, we’d like to hear from you! We review applications on a rolling basis. Learn more and apply at https://www.launch.co/apply.
