GITNUX MARKETDATA REPORT 2024
Tax Preparer Fee Range Statistics
The fee range for tax preparers typically varies from $150 to $500, with an average fee of around $250.
In this post, we will explore the range of tax preparer fees in the United States based on various statistics gathered over the past few years. From the average costs of basic federal and state returns to more complex filings involving itemized deductions and self-employment income, we will provide insights into the typical expenses incurred by individuals and businesses when seeking professional tax preparation services. Let’s dive into the numbers and understand the factors influencing these fee ranges.
Statistic 1
"The average cost of hiring a professional to prepare your tax return ranged from $176 to $273 in 2020."
Statistic 2
"The tax preparation fee for an itemized Form 1040 with Schedule A and a state tax return averaged $294 in 2019."
Statistic 3
"For non-itemized tax returns, the average preparation fee was about $188 in 2019."
Statistic 4
"Ernst & Young's average tax preparation fee was $740 in 2020."
Statistic 5
"H&R Block’s average price for preparing taxes is around $147 per hour, as of the tax season 2020."
Statistic 6
"The average cost for a basic federal and state return in Texas was approximately $198 in 2019."
Statistic 7
"As per the National Society of Accountants, the average tax preparation fee for a federal 1040 and state return with no itemized deductions is $176."
Statistic 8
"The National Society of Accountants states that the cost of tax preparation rises to approximately $273 if you itemize your deductions."
Statistic 9
"The cost to file a more complicated 1040 with self-employment income and expenses is estimated to be around $457."
Statistic 10
"In 2020, the average price for professional tax preparation was between $300 and $500 in the United States."
Statistic 11
"The 1040EZ form's preparation fee was approximately $143 in 2017."
Statistic 12
"The cost for preparing a 1040 Form with a Schedule C and a state tax return was $457 on average in 2018."
Statistic 13
"The average fee to prepare a form 1120 (corporation) was $806 in 2019."
Statistic 14
"For an 1120S form (S Corporation), average tax preparation fees were estimated to be about $761 in 2019."
Statistic 15
"According to the National Society of Accountants, around 92% of their members charge their clients based on the complexity of the tax return."
Statistic 16
"A Schedule E form (e.g., for reporting rental income) increased the cost of tax preparation by $124 on average in 2018."
Statistic 17
"According to the National Society of Accountants survey, tax preparation fees for a Schedule C started at $184 in 2020."
Statistic 18
"In 2020, Wolters Kluwer reported that the average cost to prepare a federal and state return ranged from $176 for a 1040 and a state return to $457 for a 1040 Schedule C."
Statistic 19
"It cost taxpayers an average of $243 to have a professional prepare and submit a 1040 and state return in 2019."
Jannik Lindner
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