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virginny
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Can I pay turbo tax fees in 2017, before I finish preparing the return, to get the tax preparation deduction in 2017?

Tax reform won't allow for Tax preparation fees to be deducted starting 1-1-18.  Therefore I would like to write off the turbo tax prep fee for my 2017 return on my 2017 taxes by paying that fee before end of 2017.  Is there a way to pay the tax return preparation fee to Turbo Tax before I complete my 2017 return. 

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Can I pay turbo tax fees in 2017, before I finish preparing the return, to get the tax preparation deduction in 2017?

How to pay,  use this FAQ on how to preview your return.  It will make you pay if you say you want to print now.
https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

If you are trying to deduct the tax preparation fees you paid it usually isn't worth it.  You can only deduct the amount Over 2% of your AGI and then only if you Itemize Deductions.

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.

See this FAQ on deducting tax preparation fees,
https://ttlc.intuit.com/questions/2559402-can-i-claim-tax-prep-fees-as-a-deduction

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1 Reply

Can I pay turbo tax fees in 2017, before I finish preparing the return, to get the tax preparation deduction in 2017?

How to pay,  use this FAQ on how to preview your return.  It will make you pay if you say you want to print now.
https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

If you are trying to deduct the tax preparation fees you paid it usually isn't worth it.  You can only deduct the amount Over 2% of your AGI and then only if you Itemize Deductions.

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.

See this FAQ on deducting tax preparation fees,
https://ttlc.intuit.com/questions/2559402-can-i-claim-tax-prep-fees-as-a-deduction
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