- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Before the tax laws changed for 2018 and beyond, tax preparation fees could be used as miscellaneous deductions subject to the 2% of AGI threshold. That law changed. You cannot deduct fees for preparing your personal income tax return. Independent contractors and business owners can still deduct tax prep fees on their Schedule C as a business expense.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 6, 2024
1:29 PM