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According to the survey, the average cost to prepare an itemized Form 1040 with a Schedule A (for itemized deductions) and a state tax return is $246. The average rate for a return without itemized deductions is lower: $143.
Even one extra deduction or tax credit can more than cover the fee paid to a professional tax preparer.. The survey found that tax preparation fees for an itemized Form 1040 with Schedule A and a state tax return averaged $217 at one-person firms and jumped slightly to $245 for firms with three or more staff.Firms with lower levels of gross income also charge less on average than larger companies.ven one extra deduction or tax credit can more than cover the fee paid to a professional tax preparer.. The survey found that tax preparation fees for an itemized Form 1040 with Schedule A and a state tax return averaged $217 at one-person firms and jumped slightly to $245 for firms with three or more staff.