Your Tax Question - 018

Dear John, Can I really deduct the costs of preparing my taxes? Thank you, Jill
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Dear Jill,

If you itemize your deductions on Schedule A then you can add into your deductions the fees of preparing your taxes. However, any tax expenses associated with a business are not deductible as those expenses reduce the Net Income of the business claim.

HTH,
John

PS. Now that you know that the fees that you pay for tax preparation is deductible, it makes my introductory price levels more appealing doesn't it? Email me