The Best Deal in Tax Preparation Software: Completely Free & 100% Guaranteed

CEDAR RAPIDS, IA -- (MARKET WIRE) -- January 4, 2007 -- 2nd Story Software®, Inc., developers of what a number of critics and users alike denote as being America's #1 value-priced tax preparation software, announces all taxpayers filing their 2006 tax return can prepare, print and e-file their federal tax return through www.TaxACT.com completely free using TaxACT® 2006 Standard Desktop and Online Editions.

This unmatched, non-restrictive offer makes preparing taxes electronically possible for all Americans filing a federal tax return. Despite claims by others to offer free preparation and e-file services, the only place where all American taxpayers can find truly free federal tax preparation software and e-filing services is at TaxACT.com.

Taxpayers can start their federal tax returns today and e-file for free when the IRS begins accepting e-file returns on January 12, 2007.

Guaranteed 100% Accurate, TaxACT Standard continues to lead the way in affordability by allowing all American taxpayers to prepare, print, and e-file a federal return completely free-of-charge at www.TaxACT.com. The only non-restrictive offer of its kind, TaxACT Standard includes the forms, schedules and worksheets filers need to prepare 1040, 1040A and 1040 EZ Individual Income Tax Returns. With its user-friendly, interview-like format, TaxACT is designed to make tax preparation fast, easy and reliable by providing extensive reference tools and automatic alerts that meticulously inspect returns for errors, incomplete information and omissions.

"Independent of the complex eligibility criteria established by the IRS for free filing options, TaxACT demonstrates its belief that no American taxpayer should be obligated to pay fees for basic tax software calculations or, to e-file a federal return," said Lance Dunn, president of 2nd Story Software.

Dunn adds, "TaxACT.com's 'free for everyone' offer helps American taxpayers navigate the complexities of our nation's ever-changing tax codes by providing Web-based tax solutions which help taxpayers conserve time, save money, and avoid making costly mistakes."

About TaxACT

TaxACT is the pioneer and No. 1 provider of completely free tax-preparation software and online services. After nearly a decade, TaxACTOnline.com has emerged as the 2nd highest trafficked online destination for tax preparation services.(1) Designed to make preparing taxes electronically possible for everyone for little to no-cost, TaxACT was the first to offer free electronic tax preparation, printing and electronic filing services directly to all American taxpayers.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is critically acclaimed as being a leader in developing and marketing affordable tax-preparation software and Web-based services directly to consumers. To date, the comprehensive suite of TaxACT products have enabled more than 23 million consumer returns to be filed; and, continues to empower its users to devise well-informed tax strategies with ease, while looking out for the cost-conscious. More information regarding 2nd Story and the TaxACT product line may be found by visiting www.TaxACT.com.

(1) According to collective week end-reports released by Hitwise™ during the 2004 and 2005 tax seasons, TaxACT Online ranked second in the number of hits it achieved as compared to other monitored Web-based tax-preparation services. More information regarding Hitwise may be viewed by visiting www.hitwise.com.

2nd Story Software, Inc., company and product logos, TaxACT and TaxACT Online, among others, are registered trademarks of 2nd Story Software. Other party trademarks or service marks are the property of their respective owners and should be treated as such.

Contact Information: For More Information Contact: Stephanie Behrends Press Relations Manager 2nd Story Software, Inc. - Makers of TaxACT 319.373.3600 E-mail: Email Contact