Two of the most widely used credits — the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) — may offer significant opportunities to reduce a client’s federal income tax liability. This article provides an overview of these credits, including qualified expenses, income limits, institutional reporting requirements, and common filing issues — so you can better support your clients this back-to-school season and beyond.…

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Drake Software continues its tradition of excellence in the 2025 NATP Software Survey, earning top marks across multiple key categories. Learn more.…

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Recently, one of our valued customers reported receiving a suspicious call from an unfamiliar number offering a "discounted" version of Drake Software. We want to make it absolutely clear: this offer was not legitimate.…

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Here’s what you need to know about this update and how it benefits your workflow. What is Drake Hub?When logging in, you'll now land on the Home tab of Drake Hub — your new control center for…

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As tax professionals prepare for the 2025 filing season, staying up to date on changes to the Earned Income Credit (EIC) is essential—not just for compliance, but for maximizing client refunds and minimizing audit risk. The IRS has issued several adjustments for tax year 2024 (filed in 2025), affecting income thresholds, credit amounts, and due diligence requirements. Earned Income Credit updates, EIC 2025 tax season, EIC eligibility 2025, IRS EIC guidelines…

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As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep in mind for the coming tax season and beyond.…

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Whether you are launching your first tax practice or looking to switch software, finding the right fit is critical. With many tax software solutions available, it’s easy to get overwhelmed by…

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Consistency and reliability are paramount in the world of tax and accounting software—and with the publication of the 2025 CPA Practice Advisor Readers’ Choice Awards results, Drake Software once again has good reason to celebrate. Read more.…

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Don't forget: You can streamline payment processing before April 15th! Learn more.…

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In addition to Drake Refund Pay, credit and debit payment options, Drake Pay now offers Automated Clearing House (ACH) as another secure form of payment.…

Read more about Drake Pay™ Got Even Better: Now Offering ACH as a Payment Option