Can you tell me how much I spent for TurboTax last year so that I can deduct it this year?
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kwburrets
New Member

Can you tell me how much I spent for TurboTax last year so that I can deduct it this year?

 
3 Replies
SweetieJean
Level 15

Can you tell me how much I spent for TurboTax last year so that I can deduct it this year?

Only the amount that is in excess of 2% of AGI qualifies as an itemized deduction.
VolvoGirl
Level 15

Can you tell me how much I spent for TurboTax last year so that I can deduct it this year?

It's usually not worth even putting in.   It is a Misc Deduction and only the amount OVER 2% of your AGI is deductible.  And then all your deductions have to be more than the Standard Deduction to give you any benefit.  You can only deduct the actual fees not the extra Refund Processing Service charge you paid to have the fees deducted from your federal refund.

For example, you make $20,000 AGI.  Only the amount over $400 (20,000 x .02) would even be deductible.  And that's only for 20,000 AGI.  For like 50,000 AGI only the amount over $1,000 would be deductible.
DoninGA
Level 15

Can you tell me how much I spent for TurboTax last year so that I can deduct it this year?

See this TurboTax support FAQ for how much you paid for TurboTax - https://ttlc.intuit.com/questions/1901346-what-did-i-pay-last-year-for-turbotax

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