Should I do my own taxes or hire a pro? Here's how to decide - Business Insider

Preparers generally start at around $100 and vary depending on where you live and how complex your taxes are, and accountants might very well charge at least twice that, with similar variations in price according to location and complexity. According to afrom the National Association of Tax Professionals, the average charge for preparing and filing a tax return is $216.

So, should you prepare taxes yourself or hire someone to help? For most people, it's not just about the price. Ultimately, it comes down to what you're most comfortable with. Taxes probably aren't the kind of thing you should do with Netflix on in the background. Expect to set aside some time to give it your undivided attention — the the average person spends up to seven hours gathering forms and preparing their tax return.

You have a straightforward tax situation with no dependents, no investments other than retirement accounts, and no significant assets or charitable contributions.mentioned above were created for people like you, who have few deductions or other financial factors to take into consideration.Business income adds another layer to preparing and filing a tax return.

You have a complicated tax situation with dependents, investments, or significant assets or charitable contributions, or you own a business. Nearly every financial transaction comes with some kind of tax consequence, and the more transactions you have, the more things you need to take into consideration.

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