![]() FreeTaxUSA will let you file your federal return for free, but you can upgrade to the deluxe edition for $6.99 if you want chat support with a tax expert. In other cases, double checking your results before filing could ensure you’re not paying a higher tax bill than you should.įiling on your own can be easy, but if you’re worried, it might be worth it to purchase a deluxe or premium package of your chosen online program, which gives you the opportunity to connect with an in-house tax expert for assistance before you file. ![]() ![]() If I had just used CreditKarma, I would have filed my state refund and missed out on hundreds of dollars owed to me. This hasn’t changed, but from now on I will always complete my return on two different programs before I file – just to double check the results. “As your return gets more complicated – say you own rental property or you report your small business income on Schedule C – there is a great deal of value that a CPA can provide.” My suggestionsįor now, my tax situation is pretty straightforward, so I’ve always filed my own return using one of the online services. ![]() “You may miss deductions that apply to you and you don’t receive the personal service or planning advice that a CPA can provide,” he said. While he agrees that online services can be cheap and easy, but of course, advocated the use of a CPA for individuals whose financial situations are more complex. He knows people who have filed on their own and received letters from the IRS to make changes to their tax return. I also chatted with Jay Porter, a CPA at Porter and Associates. “In most cases, your refund will be delayed until it’s corrected that’s all,” he said. Many people e-file using online software to avoid paying the fees for tax preparation.Īt the end of the day, though, he assured me that I wouldn’t land in jail if my math was accidently a little off.
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