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TIL dropping $250 on a CPA saved me way more in the long run
I used to do all my own quarterly taxes using free software and just guessing on deductions. Thought I was saving money by not paying a pro. Last year I finally hired a CPA for $250 to go over my year end stuff. Turns out I had been missing mileage deductions on my delivery gigs and a bunch of equipment I bought for my home office. She found almost $800 in extra deductions I never would have caught. Now I just pay her the $250 every April and she handles the quarterly stuff too. Honestly wish I did this three years ago. Anyone else have a CPA save them more than they cost?
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luna26111d ago
That "guessing on deductions" line hit me right in the gut. My sister tried doing her own taxes one year and accidentally claimed a deduction for her dog's vet bills under "business expenses" because she felt bad spending that much money.
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ivan46210d ago
Yeah that tracks with how people treat taxes as some kind of honor system haha. @joseph48 called it, the IRS just bets on folks getting creative with their "guesses" and hoping they miss something.
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