Each year starting sometime in January, we begin to think about that special season coming up. No, it’s not the spring season or baseball season. It’s tax season. And with that season comes the usual question, Should I do my own taxes or not?
At some level we feel like consulting a tax professional would be a good step. Maybe they could save us money because they know something we don’t. I mean, who really wants to pay the government more than they have to?
On the other hand, hiring a tax professional takes money. A good accountant or CPA could cost hundreds of dollars. We wouldn’t want to pay for their services if we really didn’t need it.
So it leaves us wondering, “Does my situation require professional help? Should I do my own taxes instead of bringing in someone who will cost a lot of money?”
The answer may surprise you, especially for those of you who know I’m married to a CPA.
Should I Do My Own Taxes?