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Cost for tax preperation

Can the cost in 2016 for filing my 2015 taxes count for this?
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JohnR1
New Member

Cost for tax preperation

Yes - tax preparation fees which were paid during 2016, for your prior year return(s), are an allowable deduction on your federal income tax return, but in order to claim them as a deduction, you must 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).

Please see the following TurboTax FAQ, "Can I claim tax prep fees as a deduction?":

https://ttlc.intuit.com/replies/4186196

 

 

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