While many Americans continue to wait out the global pandemic, one activity that should not be delayed is preparing your tax return. In fact, this year, the smartest advice may be to get prepared early. With more than 153 million people having received stimulus payments in 2020, and tens of millions of people having received unemployment benefits, there are new tax implications to consider.
It's a dilemma many of us go through, should you file your taxes yourself online, or does it make more sense to hire a professional to take care of filing your taxes for you. What questions do you need to ask yourself when making this decision? What are the pros and cons of going with each method?