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

Maximum Dependents to Claim on EIC

Does the Earned Income Credit go up with each child you claim, and what is the maximum dependent you can claim on an EIC? Get Tax Answers from H&R Block

Deducting Cost Of A New Roof

Learn more about deducting the cost of a new roof with advice from the tax experts at H&R Block.

A Quick Guide to Health Insurance for the Newly Unemployed

When you lose a job, you lose employer-paid health insurance benefits as well. Learn more about unemployed health insurance options with H&R Block.

Dependent Eligibility Audit

If you have different dependents than you did last year, will I be audited? Get tax answers from the experts from H&R Block.