FDD Year-over-Year Comparison
Liberty Tax Service FDD: What Changed from 2025 to 2026
The 2026 Liberty Tax Service FDD moves the Item 7 estimated initial investment range from $49,970–$71,400 to $49,700–$71,400, and the system contracts from 1,764 to 1,663 outlets year-over-year. The 2026 filing adds an Item 19 financial performance representation that the 2025 filing did not include.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change |
|---|
| Low end of range | $49,970 | $49,700 | −$270 (−0.5%) |
| High end of range | $71,400 | $71,400 | unchanged |
| Full range | $49,970–$71,400 | $49,700–$71,400 | |
The 2026 filing puts the Item 7 estimated initial investment at $49,700–$71,400, versus $49,970–$71,400 in the 2025 filing. The low end moves by −$270 (−0.5%) and the high end is unchanged.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change |
|---|
| Total outlets (Item 20) | 1,764 | 1,663 | −101 (−5.7%) |
Liberty Tax Service reports 1,663 outlets in the 2026 FDD, versus 1,764 in the 2025 filing (−101 (−5.7%)).
Item 19 — Financial Performance Representations
Liberty Tax Service added an Item 19 financial performance representation in the 2026 filing; the 2025 filing did not include one.
Frequently asked questions
Did the cost to open a Liberty Tax Service franchise change in the 2026 FDD?
The 2026 FDD for Liberty Tax Service states an Item 7 estimated initial investment of $49,700–$71,400, against $49,970–$71,400 in the 2025 filing. The low end moves from $49,970 to $49,700 (−$270 (−0.5%)).
How many locations does Liberty Tax Service have?
The 2026 FDD for Liberty Tax Service reports 1,663 outlets in Item 20, against 1,764 in the 2025 filing — 101 fewer.
Does Liberty Tax Service disclose financial performance in its FDD?
Liberty Tax Service added an Item 19 financial performance representation in the 2026 filing; the 2025 filing did not include one.
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