Because of the benefits of being an enrolled agent (EA), the EA designation is worth every penny you spend on it. But exactly how much are you going to have to spend?
If you’d like to prepare your funds for the process of earning the EA, you need to know about all the enrolled agent fees and expenses.
I’ll break down each Enrolled Agent exam cost and also reveal how you can save money on the EA.
Enrolled Agent Exam Cost Breakdown
1. EA Exam Testing Fee
The Enrolled Agent exam has 3 parts, and you must pay a testing fee for each one. The EA exam testing fee is $181.94. You must pay this fee when you schedule the Enrolled Agent exam at a Prometric testing center.
Prometric accepts MasterCard, Visa, American Express, and electronic checks. The Prometric website doesn’t specify whether debit cards are an acceptable form of payment, so you may want to call about using one. Additionally, Prometric does not accept money orders, personal checks, or cash. And, the Enrolled Agent testing fee is non-refundable and non-transferable.
If you fail part of the EA exam, you’ll have to pay the testing fee again when you register to retake your failed exam section. Therefore, you can cut EA exam costs by passing each part the first time. It’s the best strategy for saving money on the EA!
2. Enrolled Agent Review Course Materials
There are many different enrolled agent courses available for a variety of prices. The most popular one, Gleim EA Review, costs $500 – $600. However, this course covers all 3 exam parts. While you won’t pay as much initially if you purchase your EA review course by exam part, you save money in the long run when you buy a complete course for all 3 exam parts.
3. Enrollment to Practice Fee
Once you pass the exam and are ready to become an EA, you must pay $30 to the IRS in order to complete the enrollment process. You’ll pay the fee at the same time that you submit a form (Form 23), and you must do both within 1 year of passing all 3 parts of the EA exam.
4. Maintenance Fees
First, the IRS requires that you pay a licensing fee after you pass the EA exam. Additionally, you’ll need to attend continuing education (CE) seminars or sign up for online CE courses to keep your designation active. On average, the cost of these expenses is typically no more than $200-300 per year.
EA Exam Fee Increase
Recently, the IRS substantially increased the EA test fee from $109 to $181.94. The IRS sites these reasons for the enrolled agent exam fee increase:
- Decreased demand from tax preparers (i.e., fewer tax preparers are pursuing the designation, which is good for you because it allows you to set yourself apart from the competition)
- Increased administration expenses
- Increased costs associated with verifying various vendors
The NAEA opposed the fee hike but was only able to negotiate for a slightly lower fee. Furthermore, with such a large increase, I don’t expect another spike in EA exam costs any time soon.
Enrolled Agent Exam Cost Summary
Overall, you can expect to invest around $1,100 in the process of taking the EA exam, paying for the EA license, and maintaining your EA status with CE courses.
Enrolled Agent Exam Costs
|1. Testing Fee (per part)
|2. Review Course Materials (mid-range)
|3. Enrollment to Practice
|4. Designation Maintenance
As you can see, this enrolled agent fee schedule doesn’t account for the additional testing fees you would have to pay to retake a failed exam part. Nor does it include the $35 you must cover if you reschedule your testing appointment 5-29 calendar days before the appointment date. Therefore, you should keep these fees in mind as you are making your budget, studying for the exam, and scheduling your testing appointment. That way, you’ll be prepared to adjust for them if necessary in the future.
EA Exam Savings
Along with passing each exam part on your first attempt, you can also save on EA review courses with my exclusive discounts. If you’re able to sit for each part only once and use one of the discounts offered by the EA course providers, you can save hundreds of dollars!
To find the best EA exam prep for you, check out my enrolled agent courses comparison. You can also get answers to your EA exam questions at my enrolled agent blog.