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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.
While most CPA firms do not post their tax preparation prices online, we want our clients to understand the model behind our pricing and to have a clear method to estimate the cost of their return preparation. Wells Tarkington, LLC individual tax preparation pricing is based on the National Society of Accountants annual survey of over 8,000 preparers nationwide. The average price for a tax return in 2013 (for the fiscal year 2012) was $261. The estimated average based on past increases was $277 for 2014.