Tax Preparation Fees, Cash Advance Loans, Referral Program

The national average fee for preparing Form 1040 with Schedule A to itemize personal deductions with a state income tax return, was $323. The national average fee for Form 1040 with the standard deduction, plus a state income tax return, was $220… But don’t run off with these numbers just yet. These averages are based on a simple Form 1040 tax return with no extra forms and/or schedules. Taxpayers that require extra forms like Schedule EIC (Earned Income Credit), Schedule 8812 (Child Tax Credit), Form 8863 (Education Credits), and Schedule C (business income and expenses) will incur an additional fee per form on top of the Form 1040 charge. In essence, this increases the cost of the overall tax return. Per NSA, the average tax preparation fees for a simple Form 1040 with a Schedule A and state return in each region (no additional forms and schedules included in these totals): New England (CT, ME, MA, NH, RI, VT): $285 Middle Atlantic (NJ, NY, PA): $303 South Atlantic (DE, DC, FL, GA, MD, NC, SC, VA, WV): $339 East South Central (AL, KY, MS, TN): $217 West South Central (AR, LA, OK, TX): $313 East North Central (IL, IN, MI, OH, WI): $273 West North Central (IA, KS, MN, MO, NE, ND, SD): $267 Mountain (AZ, CO, ID, MT, NV, NM, UT, WY): $310 Pacific (AK, CA, HI, OR, WA): $432 With that, take the time to evaluate your tax preparer costs against the national averages and make an informed decision.