In the past, the purchase of TurboTax was deductable or so stated by previous versions. Are these costs still deductible? I just want to keep track of the costs if they will be in 2024.
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@tsukada2006 wrote:
Are these costs still deductible?
No, as a result of tax reform (the TCJA) the costs are miscellaneous itemized deductions and have been eliminated through the 2025 tax year.
If you have a Schedule C business and are using TurboTax Home and Business to complete your tax return, then a reasonable portion of the cost of the software is deductible as an ordinary and necessary business expense.
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