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1040kit vs Convert Statement

A side-by-side comparison built from both listings. Blank cells mean the company has not given that detail; we never guess.

1040kit compared with Convert Statement
Detail1040kit logo 1040kitConvert Statement logo Convert Statement
What it doesFree AI tax software that reads your W-2 and 1099 forms, finds deductions you'd miss, and prepares your federal return Not given
StageNot given Not given
FoundedNot given Not given
Based inUS Not given
Pricing modelFree Freemium
PricingNot given Free: 8 pages forever, no credit card required. Basic: $5/month for 25 pages/month. Pro: $20/month for 500 pages/month. Business: $75/month for 2,000 pages/month. Annual plans available with 20% discount.
Key features
  • Automatic deduction discovery from bank and card statements
  • Home office and business mileage deductions
  • Qualified business income deduction calculation
  • Self-employed health insurance deduction
  • Documents remain on your computer
  • IRS rule citations for every line item
  • E-file free with IRS Free File Fillable Forms
  • Line-by-line calculation transparency
  • Converts multi-page PDFs in under 15 seconds
  • 99.4% accuracy on amounts, dates and references
  • Supports 400+ global banks
  • Files processed in memory and deleted immediately
  • Handles password-protected PDFs
  • Free QuickBooks bulk tools included on all plans
  • Complies with GDPR and CCPA data protection standards
  • Supports OCR for scanned PDFs on Business plan
  • Team seats available on Business plan
What makes it different
  • Finds deductions automatically in bank and card statements, not available in traditional tax software
  • All documents and returns stored locally on your computer with no cloud storage
  • Free with no paid upgrade tiers to unlock deductions
  • Completely transparent calculations with IRS rule citations for every line
  • No lengthy interview process required
  • Instant conversion in under 15 seconds with no queuing or manual processing required
  • Files never stored on servers; data processed in memory and deleted immediately
  • Supports 400+ banks worldwide including regional and digital banks
  • 34 free QuickBooks tools included with every plan, no upgrades required
  • Export directly to QuickBooks, Xero and Google Sheets in one tool
Community votes00
DR (Domain Rating by Ahrefs)Not checked yet no change since last checkNot checked yet no change since last check
Trust Flow (Majestic)00
Citation Flow (Majestic)00
Referring domains (Majestic)00

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