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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.
Tax Preparation Fees For 2014. Taxpayers looking to hire a professional to complete their 2013 tax return can expect to pay an average of $261 for an itemized Form 1040 with Schedule A and a state tax return, according to the National Society of Accountants (NSA).If a professional tax preparer can catch even one deduction or credit you may have missed, that can easily pay for the fee,â he notes. Fees for non-itemized returns are also low â the average cost to prepare a Form 1040 and state return without itemized deductions is only $152.