sugar_in_your_tea ,

Here are examples of things I consider simple:

  • W2 income and you’re <= 24% income tax bracket
  • most of your investments are in tax deferred/tax advantaged accounts (401k, IRA, etc)
  • mortgage, car loan, etc
  • married filing jointly, head of household, or single
  • modest amount of charitable donations

And here are some things I consider “complex”:

  • married filing separately because you think it’s more efficient for you
  • owner of a business
  • multiple real estate investment properties
  • lots of after tax investments (5 figure profits on an average year)
  • 1099 income with lots of expenses
  • regular gambling income or other “irregular” income

The vast majority of people have “simple” taxes, so you really need a good reason to think you need a professional. That said, paying once and having them walk you through it can be educational.

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