Understanding When to Hire a Tax Professional

Determining whether to hire an accountant or use online tax software depends largely on individual circumstances. For those with straightforward tax situations, such as receiving only a W-2, using software can be efficient and cost-effective. However, if an individual has freelance income or complexities in their financial situation, consulting with a tax professional may provide necessary guidance and ensure accuracy. This approach not only means potential savings but also helps avoid pitfalls associated with more complex tax scenarios.