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April 26, 2024
Question

Are Turbo Tax fees eligible as deduction claims

  • April 26, 2024
  • 1 reply
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    April 26, 2024

    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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