Today, if you are a W-2 employee, you can not deduct any costs or charges for preparing your tax return if you file a standard deduction (which is a majority of people). Our CPAs are sharing a more in-depth look at who can deduct the cost of preparing their taxes and how changes in the tax code may affect you. In some cases, you can deduct tax preparation fees and costs on your taxes, but not everyone is eligible for this deduction. You may choose to do your own taxes using tax preparation software, or you may choose the more stress free route and work with a CPA firm in Raleigh. Sam DiSalvo and Daria Uhlig contributed to the reporting for this article.With April 15th rapidly approaching, you’re probably in the midst of gathering receipts and records, looking for ways to minimize your tax burden, and debating how your taxes will get done.
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