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posted Jun 6, 2019 5:10:23 AM

Where do i deduct tax preparation fees

I cant find how much turbo tax charged last year for tax preparation fee

0 1 9323
1 Best answer
Level 15
Jun 6, 2019 5:10:25 AM

Tax prep fees are miscellaneous deductions, and only the amount that is over 2% of your adjusted gross income counts toward your itemized deductions.  So unless you have a lot of other miscellaneous deductions, it won't end up making a difference in your tax due or refund.

To find them:  Sign on to your account, click your Account & choose Orders; on Review Orders click view details;

If you need to enter your tax preparation fees go to Federal>Deductions and Credits>Other Deductions and Credits>Tax Preparation Fees and click Start.

1 Replies
Level 15
Jun 6, 2019 5:10:25 AM

Tax prep fees are miscellaneous deductions, and only the amount that is over 2% of your adjusted gross income counts toward your itemized deductions.  So unless you have a lot of other miscellaneous deductions, it won't end up making a difference in your tax due or refund.

To find them:  Sign on to your account, click your Account & choose Orders; on Review Orders click view details;

If you need to enter your tax preparation fees go to Federal>Deductions and Credits>Other Deductions and Credits>Tax Preparation Fees and click Start.