Can I deduct Turbo Tax cost for 2019 if I took standard deduction and did not itemize deductions?
02316
2 Replies
Hal_Al
Level 15
Jun 24, 2020 11:05:49 AM
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.
Opus 17
Level 15
Jun 24, 2020 11:27:31 AM
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.