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Does the amount cost to do your taxes on turbotax get written off as a Federal income tax?

I spend $92 to do my federal and new york state taxes, it came out to $49.95 fedeal, 34.95 state and 7 for the sales tax using turbotax deluxe

I realized that I owed $499 originally for federal but turbotax took $92 off of that so I paid $407 for federal along with the $92 to turbotax for the taxes instead of $499 federal and $92 turbotax

So is turbotax pretty much free?

Turbotax does not have a special deal with the government.

Apparently you only owed $407 and paid an additional $92 to have turbotax do your taxes. This additional $92 is deductible as a misc expense on schedule A NEXT YEAR.

Uh, something is backwards here. If you OWED $499 for federal, your total you'd owe would be that PLUS the TT fees - TT doesn't SUBTRACT their fees from what you owe. If you had a REFUND coming of that amount, then they might take out their fees and you'd get the rest.

If you paid a fee to do your tax, you can deduct it next year, but only if you itemize - and even then, only the part that's over 2% of your income.

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