According to the latest market research study published by P&S Intelligence, the U.S. tax preparation software market reached USD 6.4 billion in 2024 and is forecast to nearly double, climbing to USD 12.9 billion by 2032 at a robust CAGR of 9.3% between 2025 and 2032. This growth is being driven by rapid technological advancements—such as AI-driven automation and cloud-based deployment—and evolving tax regulations that increase the complexity of filing requirements.
Growth dynamics vary regional