This is a difficult question to answer because it really depends on your situation. Many people find that they save money by going to an accountant each year, because their rebate increases significantly. You need to consider how complicated your situation is. If you are self-employed then you may consider using an accountant. Additionally if you have had a big change in the amount you make, if you purchased a home for the first time or you have questions on how to handle your investment income you may consider going to an accountant.
However most people can do their taxes at home with the tax software that is available to purchase. In fact if you make less than $54,000 a year you may qualify for free file, which allows you to access the software at no additional cost. This software is easy to use, and asks the question you may miss if you filled out the forms by hand. The software will ask you questions to help you qualify for any tax credits and deductions. If you are a recent college graduate or a current college student check out these extra tax credits you may qualify for.
Many tax preparation places do the same thing and use the same type of software that you can purchase at the store. If you are more comfortable having someone else be responsible filling out your return for you, this may be an option to consider. You need to consider the fees that the tax preparation places charge and weigh that against using an accountant or purchasing software and deciding which one works the best for you.
There are advantages to going to an accountant if you have a complicated situation. The difficulty in doing your own taxes has been reduced by using the software. If you file online you can receive your refund in about two weeks, if you also use direct deposit. You should check with your accountant to be sure that he offers this service as well. There is no reason to use a refund anticipation loan, because the wait time is so short now.
