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Level 2
posted Mar 26, 2021 7:28:08 AM

Was the cost of Turbotax preparation last year added to my deductions?

Tax prep fees used to be a qualified deduction but I didn't see that in this year's Turbotax filing. Was it deducted?

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1 Replies
Level 15
Mar 26, 2021 7:34:57 AM

Tax preparation fee cannot be deducted on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025.  The fees can be deducted as an expense if you have a business.