Download Drake Software's 2019 “How Do Your Tax Prep Fees Stack Up?” Infographic
Every two years, Drake Software surveys tax professionals to learn whether their tax preparation fees have changed. Since the last survey, the Tax Cuts and Jobs Act has been implemented, introducing new deductions, changing withholding rates, reducing the penalty for not having health insurance to $0, and making other significant changes to the tax code. The 2019 “How Do Your Tax Prep Fees Stack Up?” infographic is the result 3,500 tax professionals responding to Drake’s most recent survey.
Respondents addressed a number of issues related to tax preparation. In addition to how much they charged for individual, fiduciary, corporate, and estate returns, preparers noted the types of payment they accepted, if they would increase their fees next year, and more. To provide a more complete picture of tax preparation fees across the United States, the data is broken down according to demographic data: market, professional designation, prepared return volume, and office location.
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