The fees for tax preparation services can vary depending on factors like the complexity of your tax return and the experience of the tax preparer. On average, most tax preparers charge between $150 to $400 for individual tax returns. Simple returns, such as those with only W-2 income and standard deductions, usually fall on the lower end of the range. In contrast, more complex returns, like those involving multiple income sources, itemized deductions, or business income, may result in higher fees.

For example, if you have a straightforward W-2 job and no additional income or deductions, your preparation fee could be around $150. However, if you are self-employed with multiple 1099s and business expenses, the cost may be higher.

To receive a personalized quote based on your specific situation, feel free to schedule a call with our team. We’re here to help!

Tax preparation services can be highly valuable, especially if your tax situation is complex or if you want to maximize your refund while minimizing the risk of errors. A professional tax preparer has the expertise to identify deductions and credits you might overlook, navigate ever-changing tax laws, and help you avoid mistakes that could lead to penalties or missed opportunities.
For instance, if you’re self-employed, have investments, or own rental property, a tax preparer can ensure you claim all relevant expenses and follow proper reporting requirements. While there is a cost associated with hiring a tax preparer, many people find the savings in time, reduced stress, and potential refunds outweigh this expense.
If you’d like to explore how our tax preparation services can benefit you, schedule a call with our team for personalized assistance!

For a 70-year-old, the amount you can earn without paying federal income taxes depends on your filing status and the type of income you receive. In 2024, if you are single and over 65, your income can be up to $15,700 before you owe federal taxes. For married couples filing jointly, where one or both spouses are over 65, the threshold is $30,700.

This income limit includes wages, retirement distributions, and investment income. However, Social Security benefits may not be taxable unless your total income exceeds certain limits. For example, if your combined income (including half of your Social Security) is below $25,000 as a single filer, your benefits remain untaxed.

If you’re unsure about your specific situation, schedule a call with our team for personalized guidance on your tax obligations.

The best person to do your taxes depends on the complexity of your financial situation and your specific needs. Generally, a Certified Public Accountant (CPA) or an Enrolled Agent (EA) is recommended for handling tax preparation, as they are licensed professionals with in-depth knowledge of tax laws and regulations. CPAs are ideal for those needing both tax preparation and financial planning services, while EAs specialize in tax matters and can represent you before the IRS.

If your taxes are relatively simple, such as a straightforward W-2 return, a qualified tax preparer or even using reputable tax software might be sufficient. However, for more complex returns involving multiple income sources, deductions, or business activities, hiring a professional is advisable.

To determine the best option for your unique situation, schedule a call with our team for personalized assistance and expert advice.

A single person should typically file taxes using the Single filing status, which is for individuals who are unmarried or legally separated as of the last day of the tax year. When filing, you’ll need to report all sources of income, such as wages, interest, and freelance earnings, and claim any deductions or credits you qualify for, like the Standard Deduction or Earned Income Tax Credit.
To file, gather your income statements (e.g., W-2s or 1099s) and relevant documents, then choose a filing method. You can use tax software, hire a tax preparer, or file manually. If you have a simple tax return, filing electronically with software may be sufficient. However, if you have multiple income sources or complex deductions, professional help is advisable.
For personalized advice and assistance with filing, schedule a call with our team today.

For a single person, the most common tax filing status is Single. This status applies to individuals who are unmarried, divorced, or legally separated as of the last day of the tax year. It generally provides a standard deduction, which reduces taxable income.

However, if you have a qualifying dependent and meet certain criteria, you may qualify for the Head of Household status. This status offers a higher standard deduction and potentially lower tax rates compared to filing as a Single.

For example, if you are a single parent supporting a child, filing as Head of Household could provide tax advantages over the Single filing status.

Choosing the right status depends on your specific circumstances, so schedule a call with our team for personalized guidance on the best option for you.

A tax preparer focuses on helping individuals or businesses prepare and file their tax returns accurately. They ensure that all necessary forms are completed and filed on time, while maximizing eligible deductions and credits.
In contrast, a tax advisor provides strategic guidance on minimizing taxes and planning for the future. Tax advisors help clients make informed financial decisions year-round to reduce their tax burden and stay compliant with changing tax laws.
For example, a tax preparer will assist you in filing your annual return, while a tax advisor may help you plan investments or structure income to optimize your tax situation.
If you need both filing assistance and long-term planning, schedule a call with our team to find the best solution for you