Drake Software Introduces Native AI Features for 2026 Tax Season
Drake Software has announced the expansion of its native artificial intelligence capabilities for the upcoming 2026 tax year. The update introduces Drake SmartExtract, a beta feature designed to automate data extraction from various tax forms—such as W-2s and 1099s—directly into return fields, reducing manual entry for tax professionals. In addition to document extraction, the company is launching an AI Assistant integrated within its core tax software and a redesigned Drake Portals experience. These tools aim to streamline client intake through automated document categorization and guided organizers. The suite is designed to enhance workflow efficiency for the company's 70,000+ professional users while maintaining preparer control over final filings.
Topics: Artificial Intelligence Automation FinTech Tax Software