Should I use a CPA or Tax Software

Should you use a CPA or Tax Software? This question gets asked over and over again as we move into tax season- the answer is it depends. Using a CPA isn't for everyone, but neither is software. Mainly you need to look at the complexity of your tax return and how much time and stress do you want to put yourself through. Sure software may be cheaper and faster than using a CPA but it's only as accurate as you understand the tax law. That last point you may want to consider if you're going to have a complex return and are concerned about the IRS knocking on your door. Good candidates for software are individuals that have a simple tax return- namely having income from a from only W-2 sources. If you have a more complex return or are concerned about implementing tax saving strategies for the future you may want to talk to a CPA.