Our Tax Preparation Fees

According to the 2016-2017 survey by the National Society of Accountants (NSA), the average cost of professional tax preparation for a simple Form 1040 (no itemized deductions) and a state return was $176.  Adding Schedule A, Itemized Deductions, increased the fee to $273.

The average fee for Form 1040, Schedule A, Schedule C (for those who are self-employed), and a state return was $457.  Additionally, the average fee charged for clients with disorganized or incomplete information was $117.  That's on top of other preparation fees.

The NSA survey also looked at the average cost of having a professional prepare various other types of tax forms, and found the following:

  • Form 1040 and Schedule C (no Schedule A):  $184
  • Schedule D (capital gains and losses):  $124
  • Schedule E (rental income):  $135
  • Form 1120S (S corporation):  $809
  • Form 1065 (partnership): $656
  • Form 1041 (trusts and estates): $482

Cornerstone Financial Planners will enact the following fee schedule for the 2018 tax filing season (2017 tax returns).  One state return is included with each.

  • Form 1040EZ:  $50
  • Form 1040A:  $62
  • Form 1040: $80
  • Form 1040 plus Schedule A:  $106
  • Form 1040 plus Schedule C:  $110
  • Form 1040 plus Schedule D:  $94 plus 65¢ per transaction (discounts for transactions provided electronically)
  • Form 1040 plus Schedule E:  $80 plus $19 per property or Schedule K-1
  • Form 1120S:  $100
  • Form 1065:  $90
  • Form 1041:  $130

Of course, there are many forms that might be included in a tax return that are not listed above.  Here are some of the more common forms and our fee for each:

  • Form 2210 (Underpayment of Estimated Tax): $26
  • Form 2441 (Child and Dependent Care Expenses): $14
  • Form 8283 (Noncash Charitable Contributions): $8 per donation (required when non-cash donations exceed $500)
  • Form 8812 (Child Tax Credit): $9
  • Form 8829 (Business Use of Your Home): $26
  • Form 8863 (Education Credits): $14 per student
  • Form 8962 (Premium Tax Credit):  $14
  • Form 8965 (Health Coverage Exemptions and health care penalty calcuations) :  $19
  • Schedule B (Interest and Dividends): $26
  • Schedule EIC (Earned Income Credit): No charge
  • Additional state tax returns (first state tax return is free): $26
  • Electronic filing: No charge

As of 2014, the average price for Form 1040 plus Schedule A and one state return was $147 at H&R Block or $191 at Liberty Tax Service.  Our fee is $106.  Jackson Hewitt does not disclose their average fees.

Even with our price increases, we believe our fees to be among the lowest in the nation:  28% less than H&R Block's 2014 prices, 45% less than Liberty Tax Service's 2014 prices, and 61% less than the national average.

If you have questions, feel free to call us or click the "Contact Us" link above.