Pricing

Tax Preparation Pricing

Pricing below is an estimate and is based on the typical time to complete the more common tax forms. Your final fee will be based on complexity and may be more or less than the amounts shown below.

Form 1040 with One State

$300

Basic tax preparation includes:

Income documents: Forms W-2, 1099-R, SSA-1099, 1099-G
Standard Deduction and non-Itemized deductions
Child Tax Credit & Dependent Care Tax Credit
Free Basic Tax Planning and Questions (see below)
Add additional Forms, Schedules, and Credits below to complete your filing

All Clients, please complete our annual Tax Organizer

IRS and State Tax Credits

$50 - $100

Each tax credit may have a separate fee:

American Opportunity Tax Credit
Lifetime Learning Tax Credit
Residential Energy Tax Credit
Maryland Senior Tax Credit
Earned Income Tax Credit
Electric Vehicle Tax Credit

Schedule A - Itemized Deductions

$125+

Mortgage Interest, Real Estate Taxes
Charitable Donations and Charitable Mileage
Medical Expenses: Medical Insurance, Long Term Care Insurance, Out of Pocket Medical Expenses, Medical Mileage

Schedule B - Interest and Dividends

$0 - $75

Bank interest income (Form 1099-INT)
Qualified and Unqualified dividends (1099-DIV)
Capital Gains Distributions (1099-DIV)

Schedule C - Profit or Loss from Business

$200 - $500

Use our Self-Employment organizer to report your income and expenses. Schedule C items may include:

Sales totals and deductible expenses by category
Mileage deduction or Auto depreciation
Home office deduction (simplified or regular method)
Self-employed health insurance deduction
Self-employment retirement (Solo 401k/SEP/SIMPLE)
Tax planning to help pay quarterly estimated taxes
Corporate Transparency Act reporting
MD Annual Form 1 and Personal Property Return

Schedule D - Capital Gains and Losses

$25 - $200

Pricing depends on complexity, number of brokerage accounts, capital gain/loss activities:

Short term and long term capital gains/losses
Capital loss carryover
Virtual currency transactions
Primary residence home sale (including gain exclusion)
Kiddie Tax on Dependent children's unearned income
Foreign Tax Credit Form 1116

Schedule E - Rental Income

$125 - $200

Please use this Rental Organizer

Rental income and expenses
Purchase or sale activity: add $100

Schedule K-1 Share of Profit/Loss

$0 - $125

Fees depend on complexity
Additional state returns and fees may apply
Schedule K-1 forms prepared by Maryland Tax Service are processed at no charge

Multi-State or Part-Year Resident Returns

$70 - $150

Fee is per additional state and depends on complexity

Split a return from Married Filing Joint to Married Filing Separate

$125

For tax returns initially prepared as a Married-Joint filing, but the tax liability is lower if filed as Married-Separate

Tax Preparation for Dependents

$50

We charge a flat rate of $50 for return preparation for dependent children in school (high school or college) or for family members that qualify under the IRS rules for an "Other Dependent".

Military Families, Veterans, Nurses, and First Responders

$25 Discount

Please let us know if you qualify for this discount and thank you for your service!

Postage and Handling

$20 Flat Rate

For filings that require larger envelopes, tracking, and/or a trip to the US Post Office
There is no charge for documents that can be mailed in a standard envelope with a stamp

Individual and Small Business Tax Planning

Current 1040 Tax Clients

$100 / hour

Typical questions/scenarios include:

income and tax projections with withholding adjustments to avoid big tax bills
general tax questions: tax implications of marriage, buying a home, children, etc
retirement tax planning: RMDs, Roth conversions, etc

Non-Current 1040 Tax Clients

$250 / hour

Same as above; $100 of your planning fee applies to the following year's tax preparation fee

Small Business Tax Planning