According to the IRS, the average non-business taxpayer spends eight hours preparing his tax return. According to the most recent survey by the National Society of Accountants, the average cost to have a tax professional prepare a Form 1040 and state return without itemized deductions is $159.
That’s a lot of time and money to invest in something you probably don’t want to do in the first place. Yet, there’s often a reward for your investment, as many taxpayers get some of their hard-earned money back with a tax refund.
