topic Can I deduct Turbo Tax cost for 2019 if I took standard deduction and did not itemize deductions? in Deductions & credits

Can I deduct Turbo Tax cost for 2019 if I took standard deduction and did not itemize deductions?

tslake43 — Wed, 24 Jun 2020 18:00:14 GMT

Re: Can I deduct Turbo Tax cost for 2019 if I took standard deduction and did not itemize deductions?

Hal_Al — Wed, 24 Jun 2020 18:28:37 GMT

No.

Actually, no, ether way, standard or itemized. That particular itemized deduction* was eliminated with the new 2018 tax law.

*and all other "misc. itemized deductions", subject to the 2% of AGI threshold.

Re: Can I deduct Turbo Tax cost for 2019 if I took standard deduction and did not itemize deductions?

Opus 17 — Wed, 24 Jun 2020 18:27:31 GMT

If you are self-employed, you may be able to deduct accounting and tax software as a business expense. The ability to deduct business expenses on schedule C is completely separate from the ability to deduction personal expenses on schedule A.

The itemized deduction for "miscellaneous itemized deductions" on schedule A was eliminated in 2018 tax reform.