Question

I do my own taxes and want to know if there is a tax preparation deduction . Am I able to deduct tax software that I purchase to complete my tax returns?

Answer

You may be able to deduct tax software. Tax preparation software is a miscellaneous itemized deduction. To take the tax preparation deduction, both of these must apply:

  • You itemize your deductions.
  • Your deductions total more than 2% of your adjusted gross income (AGI).

Related Topics

Related Resources

The Child and Dependent Care Credit

How is the child and dependent care credit calculated with your employer's dependent care benefit plan? Find the answer and learn more at H&R Block.

Tax Records

Learn more about keeping tax records with the experts at H&R Block.

Don’t Make These Costly Mistakes with Your Health Savings Account

Health Savings Accounts can be confusing. Taxpayers may miss out on thousands of dollars worth of deductions when they make mistakes - find tips at H&R Block.

Tax Form 8332 Release of Claim

Can someone else claim a dependent on their return if they are not the custodial parent? Get tax answers from the experts at H&R Block.