Quote:
Originally Posted by FCobra94
The best middle ground is to pay ~$20 for H&R Block, Turbo Tax, etc. software and run through the whole program yourself first. This will take into account more than just mortgage deductions, etc. and give you a better picture as to where you'll likely end up come April given an array of different variables.
Of course a great CPA is invaluable, as is a great mechanic; but at the end of the day I'll always choose to have a good understanding on practical topics FIRST before just carelessly handing off my problem to an "expert"...nothing wrong with educating yourself on a subject that will obviously require at least some critical thinking on more than one occasion in the future as well.
What's the worst that could happen...you learn something new? lulz
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You should be able to do the same thing in Excel, perhaps by referencing an IRS tax publication or two (which are actually pretty well written). But yeah, same concept - it can be figured out.