a98524721avgt[at]yahoo.com says...

- quote -

You can claim the cost of the tax software, but your time is
free according to the Internal Revenue Code.

Gary

--
E-mail to the above address is rarely read. If you want to
contact me directly, please send an e-mail to: gary at
gdgoodman dot com.

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You can claim the cost of any software you purchased and/or
any electronic filing fees on Sch A, subject to the 2%
adjusted gross income "floor." Many times deductions which
are, in theoy, deductible, end up not helping. Medical
deductions, subject to a 7.5% floor end up not being usable
for most people.

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<a98524721avgt[at]yahoo.com> wrote:

- quote -

NO

Mike Lewis, CPA

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a98524721avgt[at]yahoo.com wrote:

- quote -

Only your out-of-pocket costs (software, generally) and
research materials. Not your time, of course.

Deduction is taken as a Miscellaneous Deduction (subject to
2% of AGI limitations) on your Schedule A, so only provides
a tax benefit if you itemize.

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I saw this question answered in misc.taxes.

You can claim out of pocket expenses only (e.g. tax software
purchased) but not for any labor that you did on your own.

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Yes, if you paid something in association with filing your
taxes, such as software programs, electronic filing fees,
etc. These are all deducted on Schedule A, miscellaneous
expenses subject to 2% of AGI limit.

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- quote -

You can claim the cost of tax software that you used to
prepare your return, books of tax advice, and any fees you
paid for electronic filing. However, these are miscellaneous
deductions subject to the 2% of AGI limitation. So they will
not do you any good unless you have enough other deductions
to push your total miscellaneous deductions over 2% of your
AGI.

Bob Sandler

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<a98524721avgt[at]yahoo.com> wrote:

- quote -

No. The value of your own time is zero for this purpose.

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a98524721avgt[at]yahoo.com writes:

- quote -

No. How do you expect to claim something you didn't pay?

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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Hi Everyone,

Searched the group for this but could not find.

Can I claim tax preparation fees if I did my own taxes ? If
so what to include and how much ?

Thanks in Advance.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >