Can I deduct are tax preparation fees deductible?

For individuals, the deduction for tax preparation fees was suspended from 2018 through 2025 under the Tax Cuts and Jobs Act. However, if you are self-employed, a freelancer, or a small business owner, you can deduct tax preparation fees as a business expense on your Schedule C. This includes fees for preparing the business portion of your tax return, as well as any fees for tax advice related to your business. For example, if you hire a tax professional to prepare your Schedule C, that portion of the fee is deductible. However, fees related to personal tax advice or preparation of personal tax forms are not deductible.