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Returning Member
posted Jun 4, 2019 7:34:14 PM

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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1 Best answer
Level 15
Jun 4, 2019 7:34:15 PM

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

1 Replies
Level 15
Jun 4, 2019 7:34:15 PM

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