A California taxpayer with an AGI of $35,000 can deduct how much for tax preparation fees on their California income tax return for tax year 2019?

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Multiple Choice

A California taxpayer with an AGI of $35,000 can deduct how much for tax preparation fees on their California income tax return for tax year 2019?

For the tax year 2019, California conforms to federal law regarding deductions for tax preparation fees. However, it's important to note that under the Tax Cuts and Jobs Act (TCJA), which took effect in 2018, miscellaneous itemized deductions, including tax preparation fees, were suspended for federal income tax purposes. Since California does not conform to this suspension for taxpayers claiming the standard deduction, the same rules apply. In California, taxpayers can only deduct tax preparation fees if they itemize their deductions on Schedule A and if their total allowable itemized deductions exceed the standard deduction amount. In this scenario, for a taxpayer with an adjusted gross income (AGI) of $35,000, it is likely that their itemized deductions would not exceed the standard deduction amount, leading to the conclusion that they would not be able to deduct any tax preparation fees. Therefore, the correct amount that a California taxpayer with an AGI of $35,000 can deduct for tax preparation fees on their California income tax return for tax year 2019 is $0.

For the tax year 2019, California conforms to federal law regarding deductions for tax preparation fees. However, it's important to note that under the Tax Cuts and Jobs Act (TCJA), which took effect in 2018, miscellaneous itemized deductions, including tax preparation fees, were suspended for federal income tax purposes. Since California does not conform to this suspension for taxpayers claiming the standard deduction, the same rules apply.

In California, taxpayers can only deduct tax preparation fees if they itemize their deductions on Schedule A and if their total allowable itemized deductions exceed the standard deduction amount. In this scenario, for a taxpayer with an adjusted gross income (AGI) of $35,000, it is likely that their itemized deductions would not exceed the standard deduction amount, leading to the conclusion that they would not be able to deduct any tax preparation fees.

Therefore, the correct amount that a California taxpayer with an AGI of $35,000 can deduct for tax preparation fees on their California income tax return for tax year 2019 is $0.

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