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Tax Software vs a Tax Professional: Which Should You Choose?

The article from Kiplinger discusses the choice between using tax software and hiring a tax professional for filing taxes. It outlines that tax software is generally more cost-effective and convenient for individuals with straightforward tax situations, offering step-by-step guidance, error checking, and the ability to file from home. However, for those with complex financial situations, such as owning a business, having multiple income streams, or dealing with significant life changes like marriage or divorce, a tax professional might be more beneficial. Tax pros can provide personalized advice, help with tax planning, represent you in case of an audit, and potentially find deductions or credits that software might miss. The article also mentions that while software has become sophisticated, it might not adapt as well to unique or changing tax laws as a human expert would. Ultimately, the decision hinges on the complexity of one's tax situation, the need for personalized service, and one's comfort level with technology versus human interaction.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/taxes/tax-software-vs-a-tax-professional-which-to-choose ]