Tax Preparation Fees

tax tip

An often overlooked itemized deduction is the deduction of tax preparation fees.  Generally, anyone you pay to prepare or assist in the preparation or review of your income tax return can be deducted on Schedule A.

The tax preparation fees include any money you paid to a tax attorney, accountant, bookkeeper, or tax preparation software program to prepare your federal tax return.  The deduction also include any fees you incurred in order to electronically file your return.

However, the fees are not deductible unless they exceed 2% of your federal adjusted gross income. If you would like some help with your taxes, feel free to contact us at 816-524-4949 or Choorfar@hoorfarlaw.com. 

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