The dreaded tax season is almost here, and you’re probably wondering — how much will it cost to have a CPA prepare your tax return in 2025? Don’t worry, we’ve got the scoop! Let’s dive into the world of tax prep pricing in a fun and simple way. Spoiler: 2025 might just be the year things get stable… maybe.
So, how much are we talking?
If you’ve ever paid someone to prepare your taxes, you know it’s not free. But how much is “normal”? In 2024, the average cost for a CPA to prepare a basic 1040 with no itemized deductions was around $220. If you throw in itemized deductions, that number jumps to around $320.
But wait — if you’re self-employed or have a small business? Get ready to shell out upwards of $500 or more. That’s right, your side hustle comes with side fees!
Why do CPA prices even go up?
Good question! CPA prices tend to rise for a few reasons:
- Inflation – Just like your grocery bill, everything costs more each year.
- Tax law changes – When laws get more complex, CPAs have to spend more time learning and adjusting.
- Time = Money – The more complicated your return, the longer it takes to file it.
But here’s the thing — 2025 might just be the year this rollercoaster ride slows down.
Will 2025 finally bring stable prices?
Experts are cautiously optimistic. Here’s why:
- Not many major tax law changes are expected this year.
- Tech tools and automation are making it easier for CPAs to streamline work.
- The IRS is promising a simpler e-filing experience.
This means CPAs might spend less time preparing returns, and less time could mean lower—or at least flatter—fees.
Of course, this doesn’t mean your CPA will suddenly offer you a 2-for-1 deal or toss in free cookies. But it does mean the days of annual spikes in prices could be coming to an end — at least for now.
Ways to keep your tax prep costs low
If you want to avoid being shocked by your CPA’s bill in 2025, try these tips:
- Get organized early – Have all your documents ready before tax season kicks off.
- Use digital tools – Many CPAs offer portals to upload files and chat online.
- Ask for a quote – Don’t be afraid to ask your CPA how much it’ll cost ahead of time.
- Skip extras – Unless you really need tax planning or complex services, keep it simple.
The big question: Is a CPA worth it?
Let’s be honest. If your taxes are simple, DIY software might do the trick and cost you less than $100. But if you have rental properties, investments, or a freelance gig, a CPA can save you time and catch potential red flags.
They also know how to get you those sweet deductions. And let’s not forget — peace of mind is priceless when dealing with the IRS!
To wrap things up…
In 2025, the average cost for having a CPA do your taxes will likely stay about the same as it was in 2024. That means:
- $220–$320 for most standard returns
- $500 or more for complex or business-related returns
The best way to manage your costs? Plan ahead, stay organized, and chat with your CPA early in the season. Here’s hoping for a calmer, cheaper tax year!
