Self-service tax preparation software
Advantages
- Lower cost ($0-$200 for most returns)
- Convenient - do it on your own schedule
- Good for simple W-2 situations
- Guided interview process
Disadvantages
- Limited support for complex situations
- Expat features cost extra and are limited
- You're responsible for accuracy
- No strategic tax planning advice
- Cannot handle FBAR filing
- May miss deductions without expertise
Best For
- • Simple W-2 employees in the US
- • No foreign income or accounts
- • Straightforward itemized deductions
CPA or Enrolled Agent preparing your taxes
Advantages
- Expert knowledge of complex situations
- Strategic tax planning advice
- Handles all forms including FBAR
- Audit support and representation
- May find deductions you'd miss
- Peace of mind for complex situations
Disadvantages
- Higher cost ($300-$1,500+)
- Need to schedule and provide documents
- Quality varies by practitioner
Best For
- • Expats and dual citizens
- • Freelancers and self-employed
- • Those with foreign accounts or income
- • Business owners
- • Complex investment situations
Quick Comparison
| Factor | TurboTax / DIY Software | Professional Tax Accountant |
|---|---|---|
| Cost | $0-$200 | $300-$1,500 |
| Expat Support | Limited | Full |
| FBAR Filing | No | Yes |
| Audit Support | Extra cost | Included |
| Tax Planning | No | Yes |
Our Verdict
If you have foreign income, foreign accounts, self-employment income, or live abroad, a professional is almost always worth the cost. The complexity of expat taxes makes DIY software risky.
Choose TurboTax / DIY Software if:
Choose TurboTax if you have a simple W-2 job in the US with no foreign accounts or income.
Choose Professional Tax Accountant if:
Choose a professional if you're an expat, freelancer, have foreign accounts, or any complex situation.
Frequently Asked Questions
Related Comparisons
Need Help Deciding?
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