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Individual taxpayers will spend an estimated $26.5 billion this year for tax software, tax preparers, postage, and other out-of-pocket costs, according to an August 2006 IRS regulatory filing.

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โˆ™ 2008-03-02 13:20:14
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Q: How much money is spent on tax preparation?
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Related questions

How much tax money is spent on graffiti?

too much

How much tax is on 105000?

The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.

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the money is spent on things like the health service and schools and stuff like that

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How to Save Money on Tax Preparation?

During the spring months every year all American tax payers are required by law to fill out their federal tax returns and pay any necessary tax liability. Since the tax code can be quite complicated, many people choose to pay for tax preparation. While paying for tax preparation can be expensive, many people can save money on tax preparation by using a computer preparation software. There are various tax preparation software options which will help a person automatically complete their taxes. The software can automatically download all of a tax payers pay stub information and give them a step by step instruction to maximize their tax deductions. Best of all, tax preparation software costs far less than paying for an accountant.

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