How much does it cost to get taxes done?
Hiring a professional to help with income tax preparation can be priceless. Pro help can mean no mistakes and a maximized tax return. The cost to get your income taxes done depends on the professional you hire. Tax attorneys or in-demand CPAs will often have the highest rates for their services. Next in the pricing tier are enrolled agents, who will usually have higher rates than individuals solely working with a preparer tax identification number (PTIN). Nationally, the average cost of income tax preparation ranges from $150 to $190. Income tax preparation prices can also vary based on where you live and the complexity of your tax returns. Here are some examples of average income tax preparation prices from an enrolled agent:
- Taxpayers filing only a W-2 tax form: $50.
- Taxpayers filing a W-2 along with additional tax forms such 1099-INT and 1098-E: $150.
- Taxpayers with several tax forms and one or two additional considerations such as a rental property, investment transactions, K-1 income, 1099-MISC or a simple small business: $225.
- Taxpayers with multiple activities (rentals, K-1 income, small business, etc.), several stock transactions and more: $395.
Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450.