Is tax preparation fees deductible tax deductible?
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For individual taxpayers, tax preparation fees are not deductible due to the suspension of miscellaneous itemized deductions subject to the 2% floor under the Tax Cuts and Jobs Act (TCJA) from 2018 through 2025. However, businesses, including self-employed individuals, can deduct tax preparation fees as a business expense if the fees are related to their business tax return.