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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.
Fees vary by region, firm size, population, and economic strength of an area. The average tax preparation fee for an itemized Form 1040 with Schedule A and a state tax return in each U.S. census district are as follows: 1  New England (CT, ME, MA, NH, RI, VT) - $237.2  Middle Atlantic (NJ, NY, PA) - $258. 3  South Atlantic (DE, DC, FL, GA, MD, NC, SC, VA, WV) - $253.ortunately, the National Society of Accountants (NSA) reports that hiring a tax return preparer is still an affordable option, costing an average of $246 to prepare an itemized Form 1040 with Schedule A and a state tax return.