Check out these four tricks used to get you to spend more (without you knowing it).
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Every year, you have two choices with your taxes: go it alone or work with a pro. Tax software may offer a no-frills option for filing your taxes. But is it the best you can do?
Let’s see how it worked for one taxpayer.
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Meet Self-filer. He’s looking to save a few bucks this tax season so he can put a big dent in his debt snowball. He decides to use tax software to file his taxes.
Self-filer rolls up his sleeves and spends about 13 hours filing his taxes. Phew! It’s a lot of work gathering all the right paperwork and trying to decipher the tax code. But he’s not worried because it’s all about the Benjamins, baby.
(Well . . . maybe he’s a little worried. After all, he’s no tax expert. What if he made mistakes on his tax return or missed a big deduction?)
Self-filer crosses his fingers and submits his tax return anyway. When it’s all said and done, he gets a $1,824 tax refund. That’s a pretty big chunk of dough! But could he have done better?
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That’s where our friend Smart-filer comes in. She’s got too many plates in the air to deal with taxes, so she turns to a pro for help. Sure, it costs a little more up front, but is it worth it? The difference may surprise you.