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?
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).
Get more from your tax return and learn what tax deductions are available for home purchases with help from the tax experts at H&R Block.
Do you add state and local taxes together when claiming itemized deductions? Learn more from the tax experts at H&R Block.
Learn whether you can deduct mileage for medical care from your taxes with advice from the tax experts at H&R Block.
Is car insurance tax deductible? Discover if you can deduct your car insurance premiums. Learn more from the tax experts at H&R Block.