Is it better to file taxes yourself or hire a professional CPA?

[rajivkumar]

For small business owners or freelancers, is DIY tax filing through software like TurboTax enough, or does hiring a CPA make a big difference in accuracy and deductions?

 

[isabel]

Simple tax DIY software such as TurboTax is adequate in case of a simple tax. However, when you are a freelancer or small company owner, CPA could assist you to find more deductions and prevent expensive errors.

 

[peterkavinsky]

Filing taxes yourself is cheaper and works well if your finances are simple, but hiring a professional CPA is better when you have complex income, deductions, or business filings because they can help reduce errors and maximize savings.

 

[Gsusangrey]

For straightforward tax scenarios, using software to file yourself is quicker and less expensive (e.g., one W-2, standard deduction). For accuracy, maximized deductions, and year-round strategic advice, hire a certified public accountant (CPA) if your taxes are complicated (e.g., self-employment, investments, significant life events).

 

[nikhilrajoria]

Prepare it yourself when your income is straightforward with such programs as TurboTax or TaxSlayer. In case you have a business income, various states or deductions, hire CPA as they are accurate and save time.

 

[Mayank]

Filing taxes yourself can save money if your situation is simple, but hiring a professional CPA ensures accuracy, maximizes deductions, and reduces audit risks. For complex finances, investments, or business income, a CPA is often the safer, more efficient choice.