Millions of Americans file their own taxes. But many of them aren't taking full advantage of tax breaks.
Angie Hicks of Angie's List explained, "Hiring a professional can actually help you take some deductions you didn't even know you were eligible for. A lot of times, people think mileage for work is a possible deduction. We had one member that was commenting on how she was required to stay up on the news, and because of that, she was able to deduct her cable bill because she needed it for work."
Mike McManus is a consumer. He said, "Having a CPA do my taxes has saved me hours and probably thousands of dollars in taxes."
You want to find someone you trust. That way they know your finances and can help you if you've missed deductions.
Jennifer Harris is a CPA. She said, "Folks should set up an appointment as soon as anything changes in their financial situation from the year before. It's never too late to educate yourself on what your situation is for that year. So, anytime during the year is the best time to schedule an appointment."
You should also know that your tax attorney or CPA will take care of you in case of an audit. Consumer Jim Cockrum added, "Although it was an expense I could not see myself necessarily being comfortable with, I went ahead and took the leap, hired a CPA, gave them all the paperwork and it was such a relief at first. My first reaction was, 'Wow, this is nice. I'm willing to pay someone to do this for me.' But, then I quickly realized it was an investment."
