Tax return preparation and other accounting fees priced at $20 in 2023→$21.75 in 2026

Tax Return Preparation And Other Accounting Fees Inflation Calculator

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Prices for Tax Return Preparation And Other Accounting Fees, 2023-2026 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tax return preparation and other accounting fees are 8.77% higher in 2026 versus 2023 (a $1.75 difference in value).

Between 2023 and 2026, Tax return preparation and other accounting fees experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, tax return preparation and other accounting fees costing $20 in the year 2023 would cost $21.75 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.93% during this same period, inflation for tax return preparation and other accounting fees was lower.

In the year 2023: Pricing changed by 12.16%, which is significantly above the average yearly change for tax return preparation and other accounting fees during the 2023-2026 time period. Compared to inflation for all items in 2023 (4.12%), inflation for tax return preparation and other accounting fees was much higher.

Price Inflation for Tax return preparation and other accounting fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (12.16%), 2022 (8.22%), and 2006 (6.76%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Tax return preparation and other accounting fees, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.0012.16%
2024$21.015.07%
2025$21.753.51%
2026$21.750.01%*

* 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:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI100.000104.250109.650115.858121.183127.508132.933138.558144.742154.533160.764168.924173.259178.097183.242192.557196.764205.602217.128226.026237.062249.172253.516260.734266.641288.554323.631340.044351.976352.016

Adjust tax return preparation and other accounting fees prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2023* 2023 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Tax return preparation and other accounting fees was 323.631 in the year 2023 and 352.016 in 2026:

352.016 / 323.631* $20 = $21.75

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $21.75 in 2026 (in the CPI category of Tax return preparation and other accounting fees).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tax return preparation and other accounting fees in 1997. In addition to tax return preparation and other accounting fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.