Big Five: Worst states for tax help

Big Five: Worst states for tax help

April 8th, 2014 by Dave Flessner in Business Around the Region

WalletHub compared states on seven key metrics, ranging from the number of accountants and their mean hourly compensation to how much in tax refunds are given in each state.

• 1. Mississippi, the state has the fewest number of accountants for its size and the highest costs for help.

• 2. Texas, relatively high accounting costs and big refunds, meaning taxpayers are not getting good advice to avoid paying so much in taxes during the year

• 3. Tennessee, below average number of accountants for its size, higher costs and the second highest tax refund in the country last year ($1,876.35)

• 4. Indiana, fewer accountants and higher accounting charges, on average

• 5. Arkansas, second fewest number of accountants for its size, and above-average costs for tax services

Source: WallHub, "Best and Worst States for Finding Tax Help." Georgia ranked as the 6th worst and Alabama ranked 18th from the bottom.