Question

Can I deduct accounting costs?

Forum|Forum|4 years ago
March 20, 2022
1 reply
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I pay an accountant to figure out my taxes

It depends on your situation. If you’re self-employed or earned rental income, accounting and tax prep software expenses are considered eligible business/rental deductions. Commission employees may claim accounting fees and the cost of tax prep software as employment expenses. As with other employment expenses, have your employer complete and sign a Form T2200, Declaration of Conditions of Employment.

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