Month: February 2020
One of the largest tax preparation businesses lists their starting price for professional tax preparation at $69 per federal return and an additional $59 for each state. That’s $128 to walk in the door with a W-2. If you have student loans, children, an HSA or a house you are looking at additional charges. This could bring your total closer to $350 dollars.
Here at JAJ the CPA we charge between $75-$125. That’s right, our highest price is below their starting price and you always work directly with a CPA!
The best reason is because we review the return and ensure that all the calculations are correct and that you are getting the largest refund available.
I was doing a final review of a return I was preparing for a client and noticed that one item was being miscalculated. Catching this error in the return increased the clients refund by almost $500!
One question not answered correctly ( or maybe not asked by the tax software) can literally reduce your refund by hundreds of dollars.