Taxes: Hire a CPA or Do It Yourself

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And obviously being on TD.com, I have an extremely complex portfolio.

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naturally...

my portfolio was much more complex before I bought the house.

If all you have changed is buying a house and have done it previously. Do it yourself. Turbotax can walk you through it in about 5 minutes, and save you some money.

I have done both this year...consulted a CPA and am filing on line...taxACT.com as my circumstances changed with regard to filing nuances and don't wish to be audited...been there before

Have done my own for over 20 years. No way I pay someone for that.

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Here's a reason why you might want to pay someone: It's a deduction for state and local taxes paid on the car, not the purchase itself. Likely to be widely different numbers. Just sayin'

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Yes, I only deducted the taxes. Since I couldn't remember the exact deduction offhand, I only mentioned the new car deduction in general to avoid leading someone else astray. Didn't think anyone would take it to mean the purchase price, although that would be a sweet deduction.

Just bc you bought a house doesn't mean your taxes are going to be rocket science. Go to taxact.com it is step by step.

Hire a CPA...no doubt.

I used to do it myself. Then I realized how much I hated waiting for the day when I had to sit down and spend 4 hours doing it.

Then, after one of the block parties the wife and I threw for the neighbors I found out that one of them is a CPA.

He's been doing my taxes for 6 years. He charges about 80 bucks. Two years ago I got a notice from the La. Dept of Revenue that they didn't get my tax return.

I called my tax guy and he provided me with a copy of the filing. Saved me a lot of grief.

I'll never do my own taxes again.

As someone who is sef employed I do it myself because I want to understand the tax return and be able to make my financial decisions with a good understanding of the tax implications.