Individual tax return price starts at $86 (one W2, no dependents or EITC) for Federal, Ohio and city. Our average price is around $135 (most clients have more than just one W2). Corporate and Partnership tax returns (Form 1120S and 1065) tax returns start at $285. We also will prepare just your city return if that is what you want (starting at $35 for city only).
Our prices are based on the work involved in preparing your return; a combination of time (i.e., the number of forms, papers, organization, etc.) and expertise your individual situation requires. All our prices include Federal, Ohio, one city return, electronic filing, and (optional) direct deposit. Because each situation can vary a great deal, we cannot know the final price until the return is complete. But we can give you an idea of what to expect.
For example, if you have one W2 and no dependent your price is generally $86. However, if you also have a dependent or qualify for the Earned Income Tax Credit (EITC) your fee would be higher. Depedents and EITC require additional forms and extensive due diligence compliance to ensure you qualify. It’s more work for us, so your price would increase to $136. You may have an HSA also, which would add to the work and $12 to the fee. Other examples:
W2 $ 5 each
Interest income $ 1 per payer
Education Credits $45
Itemized deductions $40
Medical expenses $15
Schedule C $65 and up
Rental property $65 and up
K1 $45 and up
Stock Sales $14 and up
Non-Ohio tax return $60 each
That said, some items don’t require any extra work on our part and do not result in a charge (e.g., retirement savers credit, 401(k) contributions). Other forms may be required and you may not even realize it, like passive activity losses and foreign tax paid. We always check to see if you are better off filing jointly or separately.
We understand this can be confusing and you want to have an idea of what the price will be in advance. Feel free to call our office for an estimate; we have about 12 questions for you and can then give you a better idea of your cost. Most of our prices fall into the ranges below; our clients are a fairly good cross section of America.
We bear the risk. If you are not happy with our service, you are welcome to take your original documents back and leave as a friend, paying us nothing.
See some additional discussion of pricing for tax preparation at https://www.daveramsey.com/blog/how-much-does-a-tax-pro-cost.
Typical pricing for our clients*
Single – usually $86-$160
Married Filing Jointly – usually $110-$230
Married filing Separately – usually $160-$280 total for both
(two sets of returns)
S Corp (Form 1120S) – usually $360-$500
We always check to see if you are better off filing jointly or separately.
*These are general ranges only. Please call our office for a more specific estimate for your situation!
We can’t compete on price with “free”, or your neighbor doing taxes out of their basement. Paying a tax professional is not for everyone. We feel our prices are an incredible value for our high level of service. When you are comparing our prices to other tax preparers, please be aware not all prices out there include Federal and Ohio AND a city return (most Ohioans are required to file a city tax return), electronic filing and direct deposit.
–You may find a lower price, but are they doing the whole job?
–Do they answer your questions?
–Will they be there if you get a letter during the off-season?
See some comparisons with national chains and DIY software below:
The National Society of Accounts survey found the average price $176 for basic (non-itemized) tax return. We called around northeast Ohio to get a quote for a simple, one W2 return in January 2019. Here is what we found:
Hupp Tax Service $86
Zappitelli Financial Svcs $106 - 124
H & R Block about $118, not incl city
Jackson Hewitt about $150, no city tax prep
Liberty Tax Service Prices unavailable via phone
Do it yourself software – often a range depending on what level you need. We got the below prices for Federal and State software from https://bensbargains.com/thecheckout/guides/cheapest-ways-file-taxes/
Turbo Tax $100 – $160
Tax Act $ 32 – $110
Tax Slayer $ 53 – $ 76
HR Block $ 90 – $135
Jackson Hewitt $ 95 – $115
IRS Free File – Free Federal tax preparation if your income is under a certain amount; online at irs.gov, also volunteers will prepare them through VITA at local IRS offices.