Is Turbotax payment tax deductible?

In most cases, no, the cost of tax software is not a deductible expense.

BUT, there are a couple of exceptions:

• If you’re self-employed or earned rental income, accounting and tax prep software expenses are considered eligible business/rental deductions.

Commission employees may claim accounting fees and the cost of tax prep software as employment expenses. As with other employment expenses, have your employer complete and sign a Form T2200, Declaration of Conditions of Employment.  

 

You can see out great TurboTax article  Tax Tip: Deducting Income Tax Preparation Fees and Software Expenses to find more about the Turbo tax preparation fee and who can claim.

 

Thank you for choosing TurboTax.