Should You Use a Tax Pro or File Yourself? A Cost vs. Value Guide 

🧑‍💼 Using a Tax Pro: Pros & Cons

Pros:

• Expertise: Tax pros know the ins and outs of the tax code and can help you maximize your deductions, credits, and potential refunds.

• Complex Situations: If you have a complicated tax situation—such as owning a business, rental properties, investments, or multiple income streams—a pro can guide you through it.

• Time-Saving: Tax professionals handle the paperwork, math, and forms, saving you hours of work.

• Peace of Mind: If you make an error, a tax pro will be responsible and may help you fix it if the IRS comes calling.

Cons:

• Cost: The average cost of hiring a tax pro ranges from $150 to $500, depending on the complexity of your return.

• Limited Control: You may not have as much visibility into your filing process, and it can feel like you’re just handing over documents without fully understanding your return.

💻 Filing Yourself: Pros & Cons

Pros:

• Low Cost: Filing your taxes yourself is often the cheapest option—many online tax software programs are free or low-cost, especially for simple returns.

• Full Control: You can work at your own pace and have a complete understanding of every part of your return.

• Ease of Use: Tax software is user-friendly and can guide you through each section step by step. Some tools even offer live chat or phone support if you run into issues.

Cons:

• Time-Consuming: While software is helpful, you’re still responsible for gathering your own documents, understanding tax law, and entering all the correct information.

• Risk of Error: If you’re not familiar with tax laws or complex deductions, you could make mistakes that delay your refund or result in penalties.

• Limited Support: You won’t have a personal expert to call if you have a complex question or need help with a tricky situation.

💡 When Should You Use a Tax Pro?

• You have multiple income sources (self-employment, freelance, investments)

• You own a business or real estate

• You’re not confident about maximizing deductions

• You’ve had life changes like marriage, divorce, or a major move

💡 When Should You File Yourself?

• Your taxes are simple (W-2 income, no dependents)

• You’re comfortable with online software and want to keep costs low

• You’re looking for full control over your tax filing process

📊 Cost vs. Value: Which Is Right for You?

• Simple Return: Filing yourself is often more cost-effective. Use free tools like TurboTax Free or H&R Block Free for basic returns.

• Complicated Return: If your tax situation involves business income, investments, or deductions like medical expenses, hiring a pro can help you get the maximum benefit.