This is a tricky question that depends on how complex your tax return will be and how much tax knowledge you have. These days, you can file online by yourself, file online with support, or have a certified public accountant (CPA) file on your behalf using a service like H&R Block.
This one is your call, but Washington — who is a CPA and a former IRS agent — warns, "I have seen many 'do it yourself' tax returns that landed in the hands of an IRS auditor" and called out some situations where hiring a tax pro is worth it:
- You just started a business in the 2020 tax year or have a complex business structure, such as an S corporation, partnership, or corporation.
- You have employees or you’re self-employed.
- You experienced a recent change in your tax situation (such as your marital status, dependents, a job change, or moving to a different state).
- You sold a property in the 2020 tax year.
- You worked in multiple states.