Every year I spend $49.99 to buy the H&R Block Premium Edition software to do my own taxes. And every year someone scoffs at me for spending a couple hours of my life learning, understanding, and optimizing my finances to pay the least amount of taxes legally possible. A part-time tax preparer who’ll make $375 doing my taxes isn’t going to know more than me. A full-time tax preparer with a CPA who charges $1,000 might be worth it. But after doing my taxes for 12 years, the only way the CPA will save me more money is by cheating. There is no magic that only tax accountants can use to reduce taxes.
The best way to learn about something is to do it yourself. Remember when you were growing up and your mom taught you how to do a math problem, only for you to completely forget how to do it come test time? How about reading all those SAT test prep books and then getting a mediocre score because you didn’t take enough sample tests? Being instructed on how to do something is helpful, but getting in the weeds and solving different variations of the problem over and over again is the only way to achieve mastery. The same concept goes for understanding and minimizing your taxes.