Should I Do My Own Taxes or Hire a Professional?

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There comes a time every year when you’ll have to pop the big question: Should I file my own taxes or hire a professional? The answer usually defaults to the infamous response: “It all depends.” Life changes could affect the credits and deductions you qualify for and what new tax forms you’ll have to add to your list.  

Since hardly anything having to do with taxes is ever as straightforward as we would like it to be, here are some items to consider when evaluating if it makes sense to do your own taxes or hire a professional. 

Image source: Getty Images.

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