Tax return preparation and other accounting fees price inflation, 2023→2026

Tax Return Preparation And Other Accounting Fees Inflation Calculator

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 4.08% lower in 2026 versus 2023 (a $0.82 difference in value).

Between 2023 and 2026:Tax return preparation and other accounting fees experienced an average inflation rate of -1.38% per year. In other words, tax return preparation and other accounting fees costing $20 in the year 2023 would cost $19.18 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, inflation for tax return preparation and other accounting fees was significantly 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%), 2026 (-11.80%), and 2022 (8.22%).

View price changes for other categories
Women's apparel · Gasoline (all types) · Atlanta, Georgia · New York · More

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:

Year	USD Value	Inflation Rate
2023	$20.00	12.16%
2024	$21.01	5.07%
2025	$21.75	3.51%
2026	$19.18	-11.80%*

* 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	2025	2026
CPI	100.000	104.250	109.650	115.858	121.183	127.508	132.933	138.558	144.742	154.533	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	266.641	288.554	323.631	340.044	351.976	310.439

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 310.439 in 2026:

310.439 / 323.631* $20 = $19.18

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.18 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.