If you itemize your deductions, you may claim the cost of your Turbotax program as a miscellaneous deduction subject to 2% of your adjusted gross income. Follow these steps to include the cost of your software on your Schedule A:
• Open your tax return in Turbotax
• Select the Federal Taxes tab at the top of your screen
• Select Deductions and Credits
• Click I'll choose what I work on
• Scroll down the page to the section titled Other Deductions and Credits
• Select Show More at the right
• Select Start to the right of Tax Preparation Fees
• Go through this section and enter the cost of your program.
If you itemize your deductions, you may claim the cost of your Turbotax program as a miscellaneous deduction subject to 2% of your adjusted gross income. Follow these steps to include the cost of your software on your Schedule A:
• Open your tax return in Turbotax
• Select the Federal Taxes tab at the top of your screen
• Select Deductions and Credits
• Click I'll choose what I work on
• Scroll down the page to the section titled Other Deductions and Credits
• Select Show More at the right
• Select Start to the right of Tax Preparation Fees
• Go through this section and enter the cost of your program.