PaulaM
Expert Alumni

Deductions & credits

tagteam is correct. Sole proprietors may deduct tax preparation fees.

 

However for individuals, miscellaneous deductions subject to the 2% rule have been suspended through 2025 under Tax Reform. See link below for an overview of the Tax Reform changes.

 

How will tax reform affect my 2019 federal tax return?

 

edited 11/14/2019 | 7:58 pst

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