Here's Why You Shouldn't Do Your Own Taxes

Financial professionals could help you find those extra deductions and avoid costly mistakes before you submit your tax forms to the IRS.

Couple trying to do taxes
Updated June 6, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

So you’re ready to sit down and work on your taxes. For some taxpayers, finding and using the best tax software out there could be an easy way to file a tax return.

For others, going a more traditional route with an accountant might be a better idea. Either option could help make your life easier, as doing taxes on your own can often be a complicated affair.

Here are some reasons why getting a little help can end up being a big advantage.

If you’re over 50, take advantage of massive discounts and financial resources

Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more.

How to become a member today:

  • Go here, select your free gift, and click “Join Today”
  • Create your account (important!) by answering a few simple questions
  • Start enjoying your discounts and perks!

Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $12 per year with auto-renewal.

Become an AARP member now

Risk of tax return errors

Pormezz/Adobe Woman Looking at Taxes

One of the biggest factors to consider when deciding whether to do your taxes by yourself is to think about how a mistake on your returns might cost you later on.

A little math error on your taxes could become a costly bill if the Internal Revenue Service audits you.

Tax return software or using a professional accountant might be more precise and they may help you avoid throwing money away by limiting tax mistakes you could make doing your taxes on your own.

Want to learn how to build wealth like the 1%? Sign up for Worthy to get ideas and advice delivered to your inbox.

Finding the best tax deductions

JenkoAtaman/Adobe Couple throwing paperwork

Lurking in tax laws are possible deductions the average taxpayer may not know about, and missing out on these could end up costing you money.

For example, did you know that the IRS allows for potential tax deductions for property taxes, medical costs, and even gambling losses?

Tax software or personal accountants will ask you questions that can help you keep the right amount of money in your pocket.

Major life changes

geargodz/Adobe women playing with baby

Major life events can have a big effect on your tax return. Getting married, having a child, or filing for divorce all affect the tax forms you file with the IRS.

Death can also affect taxes, particularly when it comes to any inheritance you may receive or tax liability for the deceased.

Other major life events like moving or being affected by a natural disaster could also impact how much you owe. It’s a good idea to hold on to any bills or statements related to a change in filing status to help calculate accurate costs or deductions.

Resolve $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.

Try it

Saving time on tax prep

fizkes/Adobe Senior Couple planning finances

Let’s be honest: Taxes take time. You have to collect all the paperwork, then figure out which forms you need and the deadlines to file them. Why make things harder by doing your taxes on your own?

Tax software or a tax preparer can help you sort through what you need to get your taxes done. They may be able to file your documents for federal, state, and potentially even local taxes quicker than if you were filling out the paperwork on your own.

Changes due to natural disasters

drew/Adobe hurricane Delta tearing up the coastline of Grand Cayman

A natural disaster such as a hurricane could actually have a significant impact on your annual tax returns, which you may not know about if you do your taxes on your own.

With so many exceptions depending on where you are located and how you were affected.

It may be a good idea to use tax software or a professional accountant to help you sort through the exemptions you might have due to natural disasters that affected your area.

Planning ahead for future tax issues

Seventyfour/Adobe Man prepping taxes

This won’t be the only year you’re filing taxes. Whether we like it or not, it's every year. Using an accountant or tax software can set you up for easy tax filings for years to come, and likely make the preparation process more streamlined since they already have some of your information.

In addition, either software or an accountant might be able to help you in setting up a running checklist during the year for paperwork and possible deductions. This will avoid the last minute scrambling to get everything together.

Where to get tax prep help

JonoErasmus/Adobe business team analyzing financial data

So, who is going to do your taxes? There are several options, so you don’t have to go it alone.

You can probably find a personal tax accountant locally. In addition to Certified Public Accountants, or CPAs, there are also preparation services like H&R Block that can help you prepare your taxes. H&R Block also has online software you could use.

Tax software asks questions about deductions you’re forgetting or may even have online customer service allowing you to chat with a specialist if you get stuck.

Bottom line

LIGHTFIELD STUDIOS/Adobe Happy man enjoying financial freedom

Last year, a Gallup poll found that 50% of Americans thought their federal taxes were too high. But taxes at federal, state, and local levels also have deductions and adjustments for life changes, all of which can get confusing.

To ensure you don’t miss out on anything that could help you build more wealth by getting the right benefit this tax season, think about whether getting a little help on your taxes could help to navigate your return this year.

Choice Home Warranty Benefits

  • First month free
  • Protection for unexpected expense
  • 24/7 claims hotline
  • Network of over 15,000 technicians

Author Details

Jenny Cohen

Jenny Cohen is a freelance writer who has covered a bit of everything, from finance to sports to her favorite TV shows. Her work has been featured in The Wall Street Journal, USA Today, and