Landry, Minsky and Taylor defined the taut polynomial of a veering triangulation. Its specialisations generalise the Teichmüller polynomial of a fibred face of the Thurston norm ball. We prove that the taut polynomial of a veering triangulation is equal to a certain twisted Alexander polynomial of the underlying manifold. Thus, the Teichmüller polynomials are just specialisations of twisted Alexander polynomials. We also give formulae relating the taut polynomial and the untwisted Alexander polynomial. There are two formulae, depending on whether the maximal free abelian cover of a veering triangulation is edge-orientable or not. Furthermore, we consider 3-manifolds obtained by Dehn filling a veering triangulation. In this case, we give formulae that relate the specialisation of the taut polynomial under a Dehn filling and the Alexander polynomial of the Dehnfilled manifold. This extends a theorem of McMullen connecting the Teichmüller polynomial and the Alexander polynomial to the non-fibred setting, and improves it in the fibred case. We also prove a sufficient and necessary condition for the existence of an orientable fibred class in the cone over a fibred face of the Thurston norm ball.M S C 2 0 2 0 57K31 (primary), 37E30 (secondary)