Preparing and filing your taxes can be stressful and intimidating. However, many different companies can help you with the process.
H&R Block is one such tax company that provides you with all the tools and services necessary to help you file your taxes on your own.
But what about the cost of filing your taxes?
Table of Contents
How Much Does H&R Block Cost?
Doing your taxes yourself will save you money in most instances.
For example, H&R Block allows its clients to complete their own taxes online and offers a 35% discount for doing so.
With H&R Block online software, you’re going to be able to claim every credit and deduction available to you.
There are 4 online versions to choose from:
- Basic – Best for simple tax situations Free
- Deluxe – Best for homeowners $49.99
- Premium – Best for self-employed or rental property owners $69.99
- Business – Best for small business owners $109.99
How Much Does Assisted Tax Preparation Cost?
This is the big question everyone has. Some believe that it isn’t worth the cost. However, H&R Block gave an example of their costs.
They said the average tax preparation fee was $225, including state filing fees. Yet the average IRS refund was $2,763.
But, as a rule, the more complex the tax situation, the more you’re going to have to pay.
Someone who has no dependents, renting an apartment, and has a low income will have the easiest time filing taxes. Therefore they won’t pay as much.
Someone who owns a home runs their own business, and has various investments will find it costs more to file through a professional.
Therefore, in their case, it’s best to invest time into learning taxes, or even taking a tax preparation course, so that taxes can be done without assistance.
Understanding the Value of the Service
You need to know that the value of tax preparation is more than the fee. Not every single organization is the same. Here are some of the things you should be looking for.
Flexibility in Filing – Whether you want to file online or through an office, you should be able to do it.
You should be able to get as much help or as little help as you require to file your taxes and claim your deductions.
DIY Choices – Look for a tax preparation assistant that provides you with access to cutting-edge software and tax experts. It shouldn’t take long for you to make sense of your taxes.
The Right Professionals – Ensure that you’re speaking to tax experts who have years’ worth of experience in their field.
They should also offer a friendly and professional service and be easy to work with. You should have confidence in their ability to do the job right.
Guarantee of a Great Experience – Doing your own tax preparation shouldn’t fill you with nervousness.
Many of the leading companies, including H&R Block, offer a guarantee. For example, if the IRS doesn’t accept your tax return, you don’t have to pay a thing.
Get the Maximum Refund – The value of an outstanding tax preparation company is getting the biggest refund you can.
It’s now common for tax companies to provide a guarantee that you will get the maximum refund, and nothing will be forgotten.
This is where the real value of a tax preparation service comes from.
Try Filing Online With H&R Block
Companies like H&R Block are there to give you the professional, friendly, and fast service you deserve.
So give their online tax filing a try and get your taxes done for a lot less than hiring someone.