Under the Tax Cuts and Jobs Act, tier 2 miscellaneous itemized deductions (those subject to the 2% of AGI floor) are suspended for years 2018 through 2025. Tax preparation fees are part of the tier 2 miscellaneous deductions and therefore are no longer deductible unless they can be allocated to, and are deducted on the taxpayer’s Schedule C, E or F per Rev. Rul. 92-29.
Tax Preparation Fees
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