Tax Preparers

The U.S. Department of Labor predicts that employment for tax preparers will increase by 4 percent from 2023 through 2033. Tax laws are constantly changing and growing more complex, so there will be continued need for tax professionals will. Recent surveys of employers in large metropolitan areas have found an adequate supply of tax preparers; prospects for employment may be better in smaller cities or rural areas.

The Patient Protection and Affordable Care Act, enacted in 2010, created job opportunities for tax preparers. Job opportunities will continue for tax professionals who understand the intricacies of the law and who can help clients comply with these regulations and tax provisions. The Inflation Reduction Act of 2022—which earmarked approximately $79 billion in additional funding to the Internal Revenue Service over the next 10 years for use in taxpayer service, tax law/regulations enforcement, operations support, and business system modernization—has also created opportunities for tax professionals.

Tax laws are constantly evolving and people look to tax preparers to save time, money, and frustration, but new tax programs and online resources are easing the process of preparing taxes, lessening the need for outside help. People can easily find information online about tax laws and regulations. Tax tips are readily available, as are online seminars and workshops.