Please follow steps below to enter tax preparation fees:
- Federal Taxes
- Deductions & Credits
- Other Deductions & Credits
- Tax Preparation
NOTE: Most of the individuals do not get a tax
benefit from the tax preparation deduction because it is governed by two
rules...To get the deduction, you need to:
- Itemize your deductions; and
- The sum
of your miscellaneous expenses (which also includes things like
unreimbursed employee-related expenses, investment expenses, and safe
deposit box fees) must exceed 2% of your Adjusted Gross Income (AGI).