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Some accountants charge an annual fee for this service, and some roll it into the cost of year-round financial services. Hereâs how Absolutely Advanced Accounting handles pricing for different types of tax preparation situations: Simple tax prep (1040): $75â$100. Self-employed (Schedule C) tax prep: $150â$250.
In order to stop your confusion, you may want to have a company such as H & R Block do it for you. How much are income tax preparation fees? The cost of tax preparation fees can vary based on how much you make, whether or not you have to itemize, and the company you choose. It can also vary according to how many people you have living in your household and what city you live in. As you can see, there are a lot of factors involved. The cost to prepare the basic tax forms can cost as little as $25-$50. Tax returns with multiple deductions can cost $50-$100 while tax returns with itemization can cost $100-$350. In 2015, the National Society of Accountants surveyed stated that the average return was around $229.