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josette-3839
New Member

I paid $165.00 last year for tax preparation. Can that be deducted?

$165.00 Paid to Tanner & Company 2/19/2020 for tax preparation.Is that deductible intros return?
2 Replies
Bsch4477
Level 15

I paid $165.00 last year for tax preparation. Can that be deducted?

No, that is no longer a deduction. 

RayW7
Expert Alumni

I paid $165.00 last year for tax preparation. Can that be deducted?

Unless you’re self-employed, tax preparation fees are no longer deductible in tax years 2018 through 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. Self-employed taxpayers can still write off their tax prep fees as a business expense.

 

Prior to 2018, taxpayers who weren’t self-employed were allowed to claim tax prep fees as a 2% miscellaneous deduction. However, few taxpayers were able to take advantage of this deduction due to the restrictive conditions of the 2% rule.

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