js2012 wrote:I have been going to a tax preparer for the past 6 years and pay $130 a year. I like him but I also notice he has these big signs up around his office about how he will not represent you if you are audited.
I am a teacher, have a school loan that will be paid off, invest in a Roth IRA, make clothing donations that are tax-deductible and take a deduction for my union dues and school supplies.
So, my question is: is it worth it to go to a tax professional or would software be fine? I guess what I'm not sure of is if the tax software will guide me through my career specific deductions. Or even if I, someone who knows nothing of taxes and withholdings, would be able to even understand it.
Any help is appreciated.
From what you are describing regarding your tax return there is no doubt in my mind you can do it yourself. Doesn't appear that your tax return is in the least bit complicated. Here is what I would do to "test the waters". Below are links to both Tax Act and Turbo Tax ,both highly regarded tax software.
Check them both out. I would "Start" a tax return with one or both of them online.What you can do is GO THROUGH THE INTERVIEW PROCESS and enter any data
YOU choose to enter,experiment and get comfortable with either tax program. You will find that the tax preparer you have been using is pretty much using some similar software when he does your taxes(you are providing the info and he is filling in the blanks).
Back to the tax software.
If you feel comfortable using the software and filing your taxes THEN YOU PAY otherwise there is NO Charge for using the software
to work with your data.
When I started doing my own taxes this is the route I chose,starting a tax return with a couple sites,deciding which software I was comfortable with then filing federal and state. I would just DELETE the account that I decided not to use.
I currently use TaxAct and have been for several years(the online version)
One again i reiterate YOU can do your own taxes don't be "afraid"
I am not affiliated with either TaxAct or TurboTax
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee