Are Turbo Tax fees eligible as deduction claims

 

Credits and deductions

Accounting fees and the cost of income tax preparation software are only deductible in certain situations:

  • You have self-employment income or rental income from a property
  • You are an employee who receives Commission remuneration, and you have a completed T2200 Declaration of Conditions of Employment from your employer

For more details, please see our TurboTax article: Tax Tip: Deducting Income Tax Preparation Fees and Software Expenses

 

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