Skip to main content
April 1, 2025
Question

will this reflect my deductible legal fees?

  • April 1, 2025
  • 1 reply
  • 0 views
fees for personal injury actions where you recover taxable damages are deductible, but the system doesn't allow me to

    1 reply

    DaveF1006
    April 1, 2025

    No. Legal fees for punitive damages are no longer deductible as a miscellaneous itemized deduction as a result of the Tax Cuts and Jobs Act of 2017. This is why the system won't allow you to report it in your Tax return.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"