Filing your taxes on your own can be a double-edged sword if you haven’t the proper understanding of the system. Not only is it challenging and nuanced, but it’s constantly changing as well.
You can end up overpaying on taxes if you’re not aware of deductibles or tax advantages that apply to your situation. Credits that you’re unaware of can save you significant amounts of money. You can also underpay and end up facing serious problems later down the line.
Facing tax audits and legal consequences can be far more expensive and time-consuming, in addition to adding to your stress.