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Tax Software vs. Tax Pro – How To Tell Which One Is For You

With inflation hitting some people harder than others, many individuals are trying to find ways to save in every aspect of their lives, including the way they file taxes. The topic of tax software in comparison to a tax professional has been debated for quite some time, but if you’re still left without a clear answer, we have it for you right here!

Discover whether tax software or a tax professional is right for you before reaching out to Maggi Tax for more advice on how to best handle your taxes.

Is Filing at Home All That It’s Cracked Up to Be?

There are a handful of factors that make online tax software so appealing to countless taxpayers. You can do it at home, they’re cheap (and sometimes free), and most importantly, it gets the job done. Single filers have been using this method for some time now without much issue, but it’s still not for everyone.

The main issue with tax software is that it’s easy to make mistakes, and these mistakes can get you in a lot of hot water depending on the gravity of your errors. It’s not as common for single filers to come across this problem because their income is usually pretty straightforward. But for those who have multiple sources of income, own a business, or are filing jointly, there’s more area to cover thus increasing your potential to overlook any blights on your report.

”Has tax software gotten better in 2024?”

Technology tends to get better over time, there’s no denying that. But that doesn’t mean it always gets better with age. In 2024, many users on social media have reported projected tax returns with amounts that surpass their base income, causing them to seek out professional help anyway to sort out what’s clearly a misunderstanding.

Reasons Why Nothing Beats a Tax Professional

It’s a tax person’s job to stay up to date on annual changes that can affect your taxes, making your trip to a professional a guaranteed way to get your filing done the right way the first time around. But what else can these experts do other than safeguard your relationship with the IRS?

  • Tax professionals have access to better software, streamlining the process and oftentimes granting you faster results.
  • While getting your taxes done with a professional, they can give you advice on how to prepare yourself better for next year whether it be how to organize your data or maximize your returns.
  • Your advisor will know how to handle the more “abstract” areas of tax filing, such as navigating the changes to the 1099-K threshold if you are an online seller.
  • A good tax professional will help you see the bigger picture, encouraging you to be efficient with your taxes for a better retirement.

Sitting down with a tax professional is a much more intimate experience that paves the way for greater insights and better outcomes, and that’s something you can’t get by sitting in front of a computer with only yourself to talk to. While it may work for some people, there are advantages to seeking out a trusted tax advisor near you.

Contact Maggi Tax For Tax Professionals Near You!

If you’ve been using tax software and want to see the difference in seeking a tax professional, reach out to Maggi Tax today at (727) 799-1701 to schedule a consultation with our skilled financial advisors! Learn more about our tax advisory services and take control of your finances for a better future.

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Palm Harbor, FL 34685

(727) 799-1701

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Lutz, FL 33548

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St. Petersburg, FL 33713

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