Drake Software Prices AI Tax Extraction at $5 Per Return
Franklin, N.C. – November 06, 2026 -- Drake Software will sell its AI-driven Drake SmartExtract tool from December at $5 per return, with package pricing as low as $1.50 per return for 100 or more returns. The launch is part of a broader AI rollout across software used by more than 70,000 tax professionals.
Drake is adding three AI capabilities for the coming season: SmartExtract (currently in beta), a redesigned Drake Portals client experience, and an AI Assistant embedded in Drake Tax and Drake Tax Online. Drake says it developed them with its customers. Pricing is subject to change.
SmartExtract maps client documents to return fields
SmartExtract, available in beta for Drake Tax and Drake Tax Online, pulls data from supported documents and maps it to the matching return fields. Preparers review and adjust the extracted data before it enters the return, which cuts manual rekeying.