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New Member
posted Jun 4, 2019 8:31:34 PM

Deduct last years filing fee

filed with turbo tax...why does it not put it in...how do i find it

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1 Best answer
New Member
Jun 4, 2019 8:31:35 PM

You can find the section to add your Tax Prep Fees by doing the following:

  1.     Choose the Federal Taxes tab
  2.     Select Deductions and Credits
  3.     Scroll down to Other Deductions and Credits
  4.     Click Start next to Tax Preparation Fees

Please keep in mind that although tax preparation fees are an allowable deduction, most taxpayers are unable to take advantage of it.

The reason? To get the deduction, you need to:

  •     Itemize your deductions; and
  •     The sum of your miscellaneous expenses (which also includes things like unreimbursed employee-related expenses, investment expenses, and safe deposit box fees) must exceed 2% of your Adjusted Gross Income (AGI).

Even then, you're only allowed to deduct the miscellaneous expenses above and beyond 2% of your AGI – not the full amount.

1 Replies
New Member
Jun 4, 2019 8:31:35 PM

You can find the section to add your Tax Prep Fees by doing the following:

  1.     Choose the Federal Taxes tab
  2.     Select Deductions and Credits
  3.     Scroll down to Other Deductions and Credits
  4.     Click Start next to Tax Preparation Fees

Please keep in mind that although tax preparation fees are an allowable deduction, most taxpayers are unable to take advantage of it.

The reason? To get the deduction, you need to:

  •     Itemize your deductions; and
  •     The sum of your miscellaneous expenses (which also includes things like unreimbursed employee-related expenses, investment expenses, and safe deposit box fees) must exceed 2% of your Adjusted Gross Income (AGI).

Even then, you're only allowed to deduct the miscellaneous expenses above and beyond 2% of your AGI – not the full amount.