We spend a great deal of time making sure we are getting the most out of our taxes…itemizing as many deductions as possible. But what about how much money we spend on actually filing our taxes? If you use online programs, you could spend up to $75 and that’s just for filing your federal return. Add another $50 or so for your state return. If you shudder at the thought of preparing your own taxes, and you’re not alone, then expect to pay between $200 and $500 for a federal return with fees varying and dependent upon your location and the complexity of your return.
Don’t let these numbers discourage you. There are savings opportunities and discounts to be had, especially if you’re a credit union member. As part of Avadian Credit Union’s partnership with the Invest in America exclusive credit union member discount program, credit union members are eligible for a special discount when filing online with TurboTax.
“I’ve used TurboTax for the past five years and love it! It takes the pain out of a usually difficult task. Added bonus of getting a discount as an Avadian member? Even better!” – Shelby Samuell, Trussville Member
In addition, members may also save on tax prep with Jackson Hewitt®. Members are entitled to save either $30 on their individual income tax preparation at participating Jackson Hewitt Tax Service locations nationwide or pay $50 less than last year when they switch to Jackson Hewitt from a competing tax preparer. Another bit of advice for those looking to hire the right person to do your taxes…get recommendations from family and friends. Also, search tax preparers in your area and check each one’s website for information on their qualifications. Look for signs that the preparer stays informed about the latest tax issues, like writing a tax blog or contributing to media stories about taxes. Look for complaints. Check with licensing agencies or professional organizations to find out if complaints have been filed against a preparer. If you’re going to pay someone to do your taxes, make sure you’re getting your money’s worth.
These are just a few suggestions to get you started. Please consult a tax advisor if you have questions or concerns about your tax return.