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More People Filing Their Own Taxes This Year
Written by Your 5News Team
Last updated on March 14, 2014 @ 8:06PM
Created on March 14, 2014 @ 6:34PM

More than 27 million people filed their own taxes this year which is roughly a 5.8% increase from last year.

Tax returns done by professionals declined because many people are choosing to e-file their own taxes. In many cases people can go online and get taxes taken care of in a way that's cheaper and more convenient.

Approximately 35 million Americans had someone else do their taxes this year which is a decrease of 2.2% from the year before. This year's average return is $2,969 which is a 2.6% boost from a year ago.

It appears many people are opting to file taxes on their own, but professionals are saying if you don't know what credits to look for you risk leaving money on the table.

Bill Quinn, II is a CPA for Cava & Banko in Bridgeport. He said, "Tax preparation in our view pays for itself. Whatever you pay a preparer to do we think is cost effective because you're going to get a return that's probably the best return out there."

Some people in the area prefer to leave it to the pros, but many others decided to file their own taxes.

Marion County resident Tracy Tinney said, "I do it because it's fairly cheaper, the other places do usually cost to much, and they take too much out at the time."

Katherine Spencer also lives in Marion County. She said, "My husband and I filed for the first time jointly this year. We compared all of the online programs to see if we could get the best deal from which program."

The IRS tax filing deadline for this year is April 15.


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