According to the U.S. Bureau of Labor Statistics, prices for tax return preparation and other accounting fees are 66.22% higher in 2024 versus 2014 (a $13.24 difference in value).
Between 2014 and 2024: Tax return preparation and other accounting fees experienced an average inflation rate of 5.21% per year. This rate of change indicates significant inflation. In other words, tax return preparation and other accounting fees costing $20 in the year 2014 would cost $33.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.85% during this same period, inflation for tax return preparation and other accounting fees was higher.
In the year 2014: Pricing changed by 4.49%, which is below the average yearly change for tax return preparation and other accounting fees during the 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for tax return preparation and other accounting fees was higher.
Below are calculations of equivalent buying power for Tax return preparation and other accounting fees, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2014 | $20.00 | 4.49% |
2015 | $21.12 | 5.61% |
2016 | $21.99 | 4.10% |
2017 | $23.06 | 4.88% |
2018 | $24.24 | 5.11% |
2019 | $24.66 | 1.74% |
2020 | $25.36 | 2.85% |
2021 | $25.97 | 2.39% |
2022 | $28.26 | 8.80% |
2023 | $31.50 | 11.48% |
2024 | $33.24 | 5.54%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tax return preparation and other accounting fees:
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 104.254 | 109.654 | 115.862 | 121.185 | 127.508 | 132.931 | 138.562 | 144.738 | 154.531 | 160.764 | 168.924 | 173.259 | 178.097 | 183.242 | 192.557 | 196.764 | 205.602 | 217.128 | 226.026 | 237.062 | 249.172 | 253.516 | 260.734 | 266.970 | 290.465 | 323.809 | 341.750 |