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Is It Worth The Money To Have Someone Do My Taxes?
Whether you’re excited your last tax statements arrived or you’re dreading pulling all of your tax paperwork together, it’s time to consider preparing your taxes.
If you’ve organized all your tax documents and are anticipating a refund, filing early makes sense. But those who think they’ll owe the IRS (and/or state taxes), probably shouldn’t delay preparing them either.
Although the IRS enacted new safeguards to help prevent tax-related identity theft, filing early can reduce the chance a fraudulent tax return is filed in your name.
For the millions of people who had too little money withheld from paychecks in 2018, early tax preparation gives you time to make plans to pay the taxes you might owe.
No matter when you decide to begin, you still may have one important question — Is it worth the money to have my taxes done by a professional?
Preparing Your Own Taxes
According to a 2018 CBS report, close to 50% of all people who file do their own taxes. With free electronic filing for some, and tax preparation software available at reasonable prices, many who formerly paid a professional tax preparer now choose to do their own returns.
