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).
Many are surprised to learn that even side gigs come with a tax price. H&R Block Tax pro's have arranged expert tips for those who owe direct sales taxes.
There are many places to get help when it comes to taxes. Check out these resources from H&R Block for those needing help with taxes in Spanish.
If you had a balance due for your federal and state taxes last year, can you deduct what you had to pay on this years taxes? Learn more from the tax e