Deduction has emerged from stealth with the mission of resolving the certified public accountant shortage by automating tax preparation through artificial intelligence. Its software promises to replace the traditional, weeks-long and expensive CPA workflow, offering rapid, automated filing and real-time responses. Marketing lines such as “paying thousands for tax prep and waiting weeks for responses? That ends now” emphasize the product’s focus on affordability and speed. The platform positions itself as a full-service alternative to human tax professionals, leveraging AI to handle complex filings at scale. To fund this vision, Deduction secured $2.8 million in its first outside financing. The company has not yet disclosed user numbers, revenue traction, or detailed financial metrics.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2025