When should you consider using tax software? Tax-prep software is most appropriate when your financial situation is straightforward.

Then comes the guesswork about tax preparation: How much should someone pay for tax-prep software or an accountant? Do they need to pay for professional tax help or can they do it on their own?

As we approach a new tax year, you might be wondering whether you could ditch your tax professional and stick with tax software. It depends on the nature of your financial situation.