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).
Related Resources
If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.
From retirement account contributions to self-employment expenses, learn more about the five most common tax deductions with the experts at H&R Block.
Getting married? Having a baby? Buying a house? Go through your life events checklist and see how each can affect your tax return with the experts at H&R Block.
Donating household goods to your favorite charity? Learn the ins and outs of deducting noncash charitable contributions on your taxes with the experts at H&R Block.