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New Member
posted Apr 8, 2020 9:04:41 AM

Is tax preparation expenses deductible? Or should it only be included if its 2 percent above adjusted gross income?

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1 Replies
Level 15
Apr 8, 2020 9:06:43 AM

Tax preparation fees are not entered on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025. 

However, if you are a self-employed independent contractor/sole proprietor the tax prep fees can be entered as business expense.