Is Tax agent fee fully deductable

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Bruce4Tax · Answer

I'm struggling to find clear cut information regarding the tax agent fee. I can see it says the fee is tax deductable in next year's tax return. But I can not see anywhere whether it is a full refund or partial etc My agent is asking for 550, if I pay that, will I get 550 deducted off my next year's return or do I only get so much of that? Deductions 101 = deduction reduces your taxable income, not your tax liability.

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